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Joby Aviation, Inc. (NYSE: JOBY) expands its manufacturing facility in California, doubling its footprint at Marina Municipal Airport. A second production prototype aircraft has been rolled off the production line. The expansion, funded in part by a $9.8 million California Competes grant, aims to support a production rate of 25 aircraft per year. The new facility will also house pilot training, flight simulation center, and aircraft maintenance facilities.
Joby Aviation, Inc. (NYSE: JOBY) ha ampliato il suo stabilimento di produzione in California, raddoppiando la sua superficie presso l'Aeroporto Municipale di Marina. Un secondo aereo prototipo è stato completato nella linea di produzione. L'espansione, finanziata in parte da un contributo di 9,8 milioni di dollari del California Competes grant, mira a supportare un ritmo di produzione di 25 aerei all'anno. Il nuovo impianto ospiterà anche un centro di addestramento per piloti, un centro di simulazione di volo e strutture di manutenzione degli aerei.
Joby Aviation, Inc. (NYSE: JOBY) ha expandido sus instalaciones de fabricación en California, duplicando su tamaño en el Aeropuerto Municipal de Marina. Se ha lanzado un segundo prototipo de avión de la línea de producción. La expansión, financiada en parte por una subvención de $9.8 millones del California Competes, tiene como objetivo soportar una tasa de producción de 25 aviones por año. Las nuevas instalaciones también incluirán entrenamiento para pilotos, un centro de simulación de vuelo y facilidades para el mantenimiento de aviones.
Joby Aviation, Inc. (NYSE: JOBY)는 캘리포니아에 있는 제조 시설을 확장하여 마리나 시립 공항에서 시설 면적을 두 배로 늘렸습니다. 생산라인에서 두 번째 생산 프로토타입 항공기가 배출되었습니다. 이 확장은 9.8백만 달러 규모의 California Competes 보조금에 일부 의해 자금 지원되어 연간 25대의 항공기 생산율을 지원하고자 합니다. 새 시설에는 조종사 훈련 시설, 비행 시뮬레이션 센터 및 항공기 유지보수 시설이 포함될 예정입니다.
Joby Aviation, Inc. (NYSE: JOBY) a agrandi son installation de fabrication en Californie, doublant sa superficie à l'aéroport municipal de Marina. Un deuxième avion prototype de production a été lancé de la ligne de production. L'expansion, en partie financée par une subvention de 9,8 millions de dollars de California Competes, vise à soutenir un taux de production de 25 avions par an. La nouvelle installation inclura également une formation de pilotes, un centre de simulation de vol et des installations de maintenance des avions.
Joby Aviation, Inc. (NYSE: JOBY) hat seine Produktionsstätte in Kalifornien erweitert und verdoppelt damit die Fläche am Marina Municipal Airport. Ein zweites Produktionsprototyp-Flugzeug ist vom Band gelaufen. Die Erweiterung, die teilweise durch einen Zuschuss von 9,8 Millionen Dollar von California Competes finanziert wurde, zielt darauf ab, eine Produktionsrate von 25 Flugzeugen pro Jahr zu unterstützen. Die neue Anlage beherbergt auch eine Pilotenschulung, ein Flugsimulationszentrum und Wartungsanlagen für Flugzeuge.
Positive
Joby Aviation is expanding its manufacturing footprint, showcasing growth and development within the company.
The second production prototype aircraft rolling off the production line indicates progress and advancement in Joby's production capabilities.
The expansion is funded in part by a $9.8 million California Competes grant, showcasing support from governmental bodies for Joby's expansion plans.
The new facility is expected to support a target production rate of 25 aircraft per year, indicating scalability and increased production capacity.
The facility will house pilot training, flight simulation center, and aircraft maintenance facilities, supporting Joby's commercial operations and overall growth.
Negative
None.
● New facility will more than double Joby’s manufacturing footprint in California ● Expansion funded in part by $9.8 million California Competes grant
● Second production prototype aircraft has rolled off production line
SANTA CRUZ, Calif.--(BUSINESS WIRE)--
Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced it has broken ground on the expansion of its Pilot Production Line in Marina, California. The expansion will more than double Joby’s manufacturing footprint at the Marina Municipal Airport and is expected to begin operations next year.
Joby celebrated the planned expansion of its manufacturing facilities in Marina, California, alongside Marina Mayor Bruce Delgado, Monterey County Supervisor Wendy Root-Askew, and Toyota Collaboration Lead Kiyoshiba Mase. (Photo: Business Wire)
During a ceremony held today to celebrate the groundbreaking, Joby also showcased its second production prototype aircraft, which recently rolled off the Company’s pilot production line. The aircraft is expected to join Joby’s first production prototype aircraft at Edwards Air Force Base later this year. Two additional aircraft are in final assembly.
The expanded facility is designed to support a target production rate of 25 aircraft per year and will also house a range of key operations facilities, including an expanded pilot training and flight simulation center as well as aircraft maintenance facilities that are designed to support the scaling of Joby’s commercial operations.
“This facility will play a foundational role in our future success and it is a privilege to once again be growing our footprint and our workforce in California. I am grateful to the local community and our many supporters who have advocated on our behalf to reach this point and to Toyota for everything they continue to do to make manufacturing a success at Joby,” said JoeBen Bevirt, Founder and CEO of Joby.
The expansion will be funded in part by the $9.8 million California Competes grant awarded to Joby by the Governor’s Office of Business and Economic Development (GO-Biz), in November 2023, to support the Company’s continued statewide expansion.
Bruce Delgado, Mayor of Marina, commented: “Joby benefits all of our tri-county community. We’re pleased to see Joby continue to invest in expanding its presence at Marina Municipal Airport, providing high-tech jobs in clean manufacturing that benefit the local community.”
“Joby’s continued success and growth in Monterey County shows the strength of well-executed public-private partnerships and that California continues to be a great place for companies to build the future,” said Monterey County Supervisor Wendy Root-Askew. “We’re thrilled to see Joby break ground on an expansion to their electric air taxi factory in Marina and we look forward to future opportunities to partner for the benefit of our local economy.”
The ceremony was attended by local and regional stakeholders representing the city of Marina, Monterey County, Monterey Bay DART, Monterey Bay Economic Partnership, Mujeres en Acción, and many other organizations that continue to be instrumental to Joby’s success, including Toyota Motor Corporation.
In addition to Joby’s Marina expansion, Joby recently announced the acquisition of an existing facility at Dayton International Airport, as part of the Company’s plans to develop scaled manufacturing facilities capable of producing up to 500 aircraft per year.
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.
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.
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, including planned production capacity and timing for our facilities in Marina, California and Dayton, Ohio, our regulatory outlook, progress and timing 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; 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 release. 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.
Joby is expanding its manufacturing facility in California at Marina Municipal Airport, doubling its footprint.
How is the expansion of Joby's facility funded?
The expansion of Joby's facility is funded in part by a $9.8 million California Competes grant.
What is the target production rate after the facility expansion?
The target production rate after the facility expansion is 25 aircraft per year.
What key facilities are included in the expanded facility?
The expanded facility will house pilot training, flight simulation center, and aircraft maintenance facilities.
What type of aircraft is Joby developing?
Joby is developing electric air taxis designed to carry a pilot and four passengers at speeds of up to 200 mph, with minimal noise and zero operating emissions.
