Joby Aviation, Inc. (JOBY) plans to double aircraft production to four per month by 2027, purchasing a 700,000 square foot manufacturing facility in Dayton, Ohio. This complements existing facilities in California and Ohio, with operations beginning this year. Joby’s expansion in Ohio signifies a strategic move for growth and job creation.

To support production goals, Joby has started acquiring capital equipment, with CEO JoeBen Bevirt noting the potential for significant future growth in Dayton. The reindustrialization of Ohio represents an investment in American jobs amid government support for advanced air mobility. Joby’s expansion aligns with the FAA’s deployment of electric vertical takeoff and landing aircraft in 2026.

Investors eyeing the Aerospace sector may consider companies like Archer Aviation (ACHR) and GE Aerospace (GE), both with a Zacks Rank #2 (Buy). Archer Aviation anticipates a 34.51% earnings growth rate for the current year, while GE Aerospace forecasts 35% growth. Archer Aviation shares fell 17.8% in the past six months, while GE Aerospace shares surged 254%.

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Read more at Nasdaq: Joby to Benefit From Second Ohio Facility Acquisition: Here’s How