DAYTON, Ohio - Joby Aviation , Inc. (NYSE:JOBY), a pioneer in the development of electric vertical take-off and landing (eVTOL) aircraft, has announced the acquisition of a facility at Dayton International Airport to initiate its manufacturing operations in Dayton, Ohio. The company, known for its electric air taxis, is set to commence the manufacturing of aircraft parts later this year to support its pilot production line in Marina, California.
The new facility is part of Joby's strategic plan to scale up its production capabilities, with ambitions to eventually construct a larger factory capable of producing up to 500 eVTOL aircraft annually in Dayton. This move follows Joby's announcement in September 2023 of selecting Dayton as the location for its scaled manufacturing facility and its commitment to invest up to $500 million and create as many as 2,000 jobs in the region.
Didier Papadopoulos, President of Aircraft OEM at Joby, expressed gratitude towards the Dayton community for their support and enthusiasm. He emphasized the significance of establishing a manufacturing presence in Ohio, a state with a rich aviation history, and the company's intent to collaborate closely with the local workforce.
Joby Aviation's air taxi is designed to transport a pilot and four passengers at speeds of up to 200 mph while producing significantly less noise than helicopters and zero operating emissions. The company aims to offer a fast, quiet, and convenient urban air mobility service in cities worldwide.
The press release contained forward-looking statements about the company's aircraft development, manufacturing growth, and job creation plans. It also addressed the regulatory outlook and financial prospects. However, it is important to note that such statements are subject to risks and uncertainties that could affect the company's actual results.
The information in this article is based on a press release statement from Joby Aviation, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.