• Aircraft will be used by the U.S. Air
Force for test and training • Four Joby aircraft are now
committed to U.S. Air Force bases as part of the company’s $131M
contract with the DoD
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
air taxis for commercial passenger service, today announced it will
deliver two aircraft to MacDill Air Force Base (“AFB”) in 2025 as
part of the Company’s AFWERX Agility Prime contract with the U.S.
Air Force.
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Two of Joby’s prototype electric air taxi
aircraft at the company’s flight test and manufacturing facilities
in Marina, California. Joby Aviation photo
MacDill AFB is home to the U.S. Special Operations Command
(“USSOCOM”), U.S. Central Command (“CENTCOM”), and units from the
Air Mobility Command (“AMC”), along with numerous
logistics-oriented units. Personnel will test and train with the
aircraft based at MacDill AFB, on base and in the surrounding
area.
Joby delivered its first aircraft to Edwards Air Force Base in
California in September 2023, with a second aircraft expected to be
placed on the base this year. At Edwards, the Joby team is working
closely with the 412th Test Wing on testing and experimentation
that will inform future operational testing at MacDill AFB in
Tampa, Florida.
Joby’s Agility Prime contract includes the provisioning of up to
nine aircraft total to the U.S. Air Force and other federal
agencies. In 2020, Joby became the first eVTOL developer to receive
military airworthiness approval for its pre-production prototype
aircraft.
At MacDill AFB, Joby will be working directly with DoD
operational units for the first time, enabling units to carry out
representative logistics missions and test use cases in personnel
transport, casualty evacuation, and support of security forces.
Initial evaluations have demonstrated that the low maintenance
requirements and operating costs, high speed, and low acoustic
footprint of eVTOL aircraft like Joby’s can enable a diverse array
of DoD use cases. Joby will continue to train USAF pilots and
maintainers, and other government partners, on this new category of
electric aircraft.
“The early investment and vision by the US government in this
critical technology is proving foundational as we continue our path
toward commercial passenger service. We’re grateful to our partners
at the Department of Defense for their ongoing support and
continued leadership in adopting eVTOL technology,” said JoeBen
Bevirt, Founder and CEO of Joby. “We’re looking forward to working
with units at MacDill Air Force Base as we further explore the
potential use cases for our aircraft, demonstrating its
capabilities in realistic settings.”
“This work will provide Joby with valuable early operational
experience, while providing the USAF with firsthand understanding
of the performance of our aircraft and its potential applications,”
added Bevirt.
Joby’s electric air taxi is designed to carry a pilot and four
passengers at speeds of up to 200 mph, offering high-speed mobility
with a fraction of the noise produced by helicopters and zero
operating emissions.
“The Agility Prime team is very excited to progress through a
novel acquisition approach,” said Lt Col John Tekell, Agility Prime
Branch Chief. “These two aircraft at MacDill AFB allow the program
to take the next steps in learning to maximize the operational
opportunity of eVTOLs.”
U.S. Air Force, Marine Corps, and Army aviators, ground crews
and program managers have made multiple visits to Joby’s
manufacturing and flight test facilities in Marina, CA for ongoing
flight training and mission analysis regarding potential logistics,
medical, and personnel transport applications of the aircraft.
Joby’s longstanding partnership with the Department of Defense
(DoD) dates back to its 2016 engagement with the Defense Innovation
Unit (DIU), which granted the Company early funding as well as
access to test ranges and expertise that have aided its aircraft
development program. Since then, Joby has expanded its work to
include the AFWERX Agility Prime program, with Joby’s current and
previously completed work with the DoD representing a total
potential contract value of $163 million, the largest in the
industry.
Joby announced in February that it has completed the third of
five stages of the type certification process required by the
Federal Aviation Administration (FAA) for commercial service.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based
transportation company developing an all-electric, vertical
take-off and landing air taxi which it intends to operate as part
of a fast, quiet, and convenient service in cities around the
world. To learn more, visit www.jobyaviation.com.
About AFRL
The Air Force Research Laboratory is the primary scientific
research and development center for the Department of the Air
Force. AFRL plays an integral role in leading the discovery,
development, and integration of affordable warfighting technologies
for our air, space and cyberspace force. With a workforce of more
than 12,500 across nine technology areas and 40 other operations
across the globe, AFRL provides a diverse portfolio of science and
technology ranging from fundamental to advanced research and
technology development. For more information, visit
www.afresearchlab.com.
About AFWERX
As the innovation arm of the DAF and a directorate within the
Air Force Research Laboratory, AFWERX brings cutting-edge American
ingenuity from small businesses and start-ups to address the most
pressing challenges of the DAF. AFWERX employs approximately 370
military, civilian and contractor personnel at five hubs and sites
executing an annual $1.4 billion budget. Since 2019, AFWERX has
executed 6,028 new contracts worth more than $4 billion to
strengthen the U.S. defense industrial base and drive faster
technology transition to operational capability. For more
information, visit: www.afwerx.com.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the development and performance of our
aircraft, the growth of our manufacturing capabilities, our
regulatory outlook, progress and timing; our planned operations
with the Department of Defense, including our plans to deliver two
aircraft to MacDill Air Force Base in 2025, plans to deliver a
second aircraft to Edwards Air Force Base in 2024 and the expected
benefits of our work with the Department of Defense; our business
plan, objectives, goals and market opportunity; and our current
expectations relating to our business, financial condition, results
of operations, prospects, capital needs and growth of our
operations. You can identify forward-looking statements by the fact
that they do not relate strictly to historical or current facts.
These statements may include words such as “anticipate”,
“estimate”, “expect”, “project”, “plan”, “intend”, “believe”,
“may”, “will”, “should”, “can have”, “likely” and other words and
terms of similar meaning in connection with any discussion of the
timing or nature of future operating or financial performance or
other events. All forward-looking statements are subject to risks
and uncertainties that may cause actual results to differ
materially, including: our ability to launch our aerial ridesharing
service and the growth of the urban air mobility market generally;
our ability to produce aircraft that meet our performance
expectations in the volumes and on the timelines that we project,
and our ability to launch our service; reliance on annual
appropriations for continued funding of Department of Defense
programs such as the Agility Prime Program; the competitive
environment in which we operate; our future capital needs; our
ability to adequately protect and enforce our intellectual property
rights; our ability to effectively respond to evolving regulations
and standards relating to our aircraft; our reliance on third-party
suppliers and service partners; uncertainties related to our
estimates of the size of the market for our service and future
revenue opportunities; and other important factors discussed in the
section titled “Risk Factors” in our Annual Report on Form 10-K,
filed with the Securities and Exchange Commission (the “SEC”) on
February 27, 2024, and in future filings and other reports we file
with or furnish to the SEC. Any such forward-looking statements
represent management’s estimates and beliefs as of the date of this
presentation. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change.
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