Joby shares rose 5.0% after earnings, with investors responding to progress in FAA credit testing and manufacturing, alongside record quarterly passenger volume at Blade. The transcript also highlights that certification and commercial operations remain ahead, with eIPP flights positioned as a way to generate data before type certification.
- Joby completed a wide range of credit testing in the FAA’s fifth and final certification stage; management did not provide a certification timeline in the excerpt.
- Manufacturing output across eight core shops rose 37% from Q1 to Q3, while the proportion of articles with recorded nonconformance fell 38%.
- Blade flew more than 44,000 passengers in Q3, a quarterly record; New York Airport service passengers grew 61% year over year, and new airport passengers more than doubled.
- Joby released orders to begin its 18th production aircraft on the Marina line, which would be its 23rd aircraft produced there.
- Joby announced expanded autonomy-focused U.S. Air Force contracts totaling nearly $37 million and reported completing what it believes was the first fully autonomous flight of a civilian aircraft across the U.S.
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