Joby Aviation, Inc. (JOBY) is forging forward with its plans to broaden its manufacturing footprint and double its plane manufacturing to 4 plane per 30 days in 2027. To attain its objectives, Joby has inked a deal to buy a brand new manufacturing facility within the Dayton, OH space, which is unfold throughout greater than 700,000 sq. toes.
This 700,000 sq. foot facility is prepared for quick use and is the second buy within the Ohio space. Additionally, this buy is anticipated to enhance Joby’s present manufacturing amenities in California and Ohio, with operations on the new website anticipated to begin later this 12 months.
In July 2025, Joby introduced the completion of an expanded manufacturing facility in Marina, CA, and in October 2025, JOBY confirmed the beginning of propeller blade manufacturing in Ohio. To assist its deliberate manufacturing ramp-up, together with a doubling of producing capability, Joby began procuring the mandatory capital gear final month.
JoeBen Bevirt, founder and chief government officer at Joby Aviation, acknowledged, “This website is not going to solely assist our near-term plan to double manufacturing, it could additionally function a base for vital future development, as we flip a decade of engineering into the manufacturing scale the market is now demanding.”
Provided that Dayton has been the middle of aerospace innovation, Joby’s funding in Dayton appears to be a strategic enterprise transfer that won’t solely generate new jobs for Ohioans but additionally allow Joby to extend its plane manufacturing. Joby’s prolonged manufacturing presence in Vandalia and the Miami Valley acts as an added constructive.
The reindustrialization of Ohio additionally marks an funding in American jobs after a long time of outsourcing and neglect. Joby’s speedy enlargement comes as the federal government accelerated its assist for superior air mobility, together with the choice by the Federal Aviation Administration to deploy electrical vertical takeoff and touchdown plane in 2026.
JOBY’s Zacks Rank & Shares to Take into account
JOBY at present carries a Zacks Rank #3 (Maintain).
Traders within the Aerospace sector can also take into account Archer Aviation (ACHR) and GE Aerospace GE, every carrying a Zacks Rank #2 (Purchase). You’ll be able to see the entire listing of as we speak’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Archer Aviation has an anticipated earnings development charge of 34.51% for the present 12 months. The corporate has a disappointing earnings shock historical past. Its earnings missed the Zacks Consensus Estimate in two of the trailing 4 quarters (and outpaced the mark within the remaining two quarters), delivering a mean miss of 13.94%. Shares of Archer Aviation have declined 17.8% over the previous six months.
GE Aerospace has an anticipated earnings development charge of 35% for the present 12 months. The corporate has a stable earnings shock historical past. Its earnings outpaced the Zacks Consensus Estimate in every of the trailing 4 quarters, delivering a mean beat of 19.05%. The Zacks Consensus Estimate for GE Aerospace’ 2025 earnings has moved 0.65% north prior to now 60 days. GE Aerospace shares gained 254% prior to now six months.
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This text initially revealed on Zacks Funding Analysis (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
