Joby Aviation acquires second Ohio manufacturing facility for $61.5M to double aircraft production in 2027

Joby Aviation, Inc.

Purchase price $61.5M for ~728,000 sq ft facility in Vandalia, OH; $1M deposit with closing by Feb 27, 2026.
Facility to support doubling aircraft production to 4/month by 2027; operations expected to begin in 2026.
Acquisition complements existing CA and OH factories; capital equipment procurement began December 2025.
Conditions: title review approval and seller funding portion of purchase price at closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Joby Aviation, Inc. entered into Purchase and Sale Agreement with Capstone STS, LLC valued at $61,500,000 (effective 2026-01-07).

Action: entry
Agreement: asset purchase
Counterparty: Capstone STS, LLC
Value: $61,500,000
Effective: 2026-01-07

Exact text from the filing

On January 7, 2026, Joby Aero, Inc., a wholly-owned subsidiary of Joby Aviation, Inc., (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with Capstone STS, LLC, a Texas limited liability company (“Seller”). Pursuant to the terms of the Agreement, the Company agreed to purchase certain real property, improvements and other assets (the “Property”) from the Seller for a purchase price of $61,500,000 (the “Purchase Price”).

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

Joby Aviation, Inc. filing history →

Source: SEC EDGAR

accession 0001819848-26-000040

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.