Joby Aviation Expands Defense While Legal and Funding Risks Intensify

The September 28 U.S. Air Force modification increased the ceiling by $45 million for autonomous-aviation work, while Texas, Dubai, Utah and FAA-certification activity support the 2027 commercialization plan. The reported $116.9 million willful trade-secret verdict, approximately $800 million of annual cash burn, dilution and ongoing appeals remain major risks; dismissal of Archer counterclaims offers only limited relief.