a $55 million contract extension to deliver up to nine air taxis to the U.S. Air Force, marking the company's first revenue-generating operations.
Unlike other electric vertical takeoff and landing manufacturers, which plan to sell aircraft to customers such as airlines and logistics companies, Joby's business model is similar to a rideshare app. "It is important as long-term investors – even more so in a challenging environment – that we maintain our approach of backing transformational companies to build new growth industries," a Baillie Gifford spokesperson said in a statement.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best non-US growth stocks for long-term success: Baillie GiffordA Baillie Gifford manager who oversees a $564 million fund details 4 of the top investing themes she's pursuing, including 3 stocks she likes right now
Source: BusinessInsider - 🏆 729. / 51 Read more »