Joby Aviation acquires Xwing autonomy division for shares; targets autonomous flight

Joby Aviation, Inc.

Acquisition of Xwing's autonomy division paid with Joby shares; deal terms not disclosed.
Xwing has completed 250 fully autonomous flights and over 500 auto-landings to date.
Technology expected to accelerate Joby's DoD contracts and pilot-assist systems.
Xwing's Superpilot software enables gate-to-gate autonomous flight; received FAA project designation.
Integration expands Joby's autonomy team and complements 2021 acquisition of Inras GmbH.

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