Joby Aviation announced the acquisition of a 700,000-square-foot facility in Dayton, Ohio, marking its second major manufacturing site in the state. The new facility, purchased for an undisclosed sum, sits adjacent to the company’s existing 300,000-square-foot plant and will house airframe assembly, electric propulsion system testing, and final aircraft integration. This strategic expansion is designed to streamline production workflows by centralizing composite fabrication and flight-critical subsystems under one roof, reducing logistics lead times by an estimated 25%.

With the Dayton acquisition, Joby has set a target to double its annual aircraft production capacity to 600 units by the end of 2027. Management has outlined a phased ramp-up schedule: ramping from 50 units this year to 200 units in 2025, then scaling to 400 units in 2026 before hitting full capacity. Capital expenditures for tooling, automation lines, and workforce training are budgeted at $150 million over the next two years. The company expects unit-level production costs to decline by 30% as volume grows and proprietary electric propulsion modules enter high-rate manufacturing.

Joby has conducted over a dozen public flight demonstrations across Europe and Asia, most recently completing a series of autonomous flights in Singapore under regulatory approval. The company has signed letters of intent with three major global airlines—including one in Japan and two in Europe—to explore eVTOL routes in urban corridors. Collectively, these agreements cover preliminary plans for more than 1,000 vehicles and outline pilot training programs, maintenance support, and charging-infrastructure deployment. These partnerships are designed to secure launch customers and accelerate regional certification processes.

Joby’s certification program with the Federal Aviation Administration remains on track for a Type-certification decision in late 2025. The company has completed 60% of the required flight-test hours, including high-density operations and failure-mode scenarios. Management forecasts full operational approval by mid-2026, unlocking entry into the North American urban air mobility market estimated at $25 billion by 2030. If Joby maintains its leadership in range, noise footprint, and energy efficiency, analysts project potential revenue north of $2 billion annually by 2028, driven by passenger and cargo eVTOL services.