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Investing.com -- Joby Aviation (NYSE:JOBY) stock rose 3% Friday after the company announced a collaboration with L3Harris Technologies (NYSE:LHX) to develop a new hybrid aircraft for defense applications.
The partnership aims to create a gas turbine hybrid vertical take-off and landing (VTOL) aircraft designed for low-altitude missions with both crewed and fully autonomous operation capabilities. The companies expect to begin flight testing in fall 2025, with operational demonstrations planned during government exercises in 2026.
The collaboration combines Joby’s commercial aircraft development program and manufacturing capabilities with L3Harris’ expertise in platform missionization, including sensors, communications, and collaborative autonomy.
"We have worked closely with the Department of Defense over the past decade to give them a front row seat to the development of our dual-purpose technologies, and we’re now ready to demonstrate and deploy it," said JoeBen Bevirt, founder and CEO of Joby Aviation.
Joby is currently developing a gas turbine hybrid powertrain for its S4 aircraft platform and has demonstrated aircraft-level autonomy following its acquisition of Xwing’s autonomy division in June 2024. The company previously showcased its hybrid capabilities under government contract, completing a 561-mile hydrogen-electric hybrid flight in June 2024.
Jon Rambeau, President of Integrated Mission Systems at L3Harris, noted that "The next-generation of vertical lift technology enables long-range, crewed-uncrewed teaming for a range of missions."
The new aircraft class could potentially serve various low-altitude support use-cases for defense applications.
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