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Stock impact report

Joby Expands California Manufacturing Facility, Rolls Second Aircraft Off Production Line [Yahoo! Finance]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Yahoo! Finance
SANTA CRUZ, Calif., April 29, 2024 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. 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 Show less Read more
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