Defense Tech Sector Sees Major Moves: Joby Acquisition, DARPA Challenge, and Political Scrutiny

This week in defense technology, Joby Aviation announced a $500 million acquisition of Resonant Sciences to expand its military business, while DARPA concluded its heavy lift challenge with a winner achieving a 3.84:1 payload-to-weight ratio. Separately, political scrutiny emerged over Pentagon appointments linked to venture capital investments in defense firms, and Tony Blair's son sought funding for a new defense tech startup.