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Joby Aviation partners with L3Harris on military aircraft, flight tests to begin this year

Air taxi maker Joby Aviation on Friday announced a partnership with defense tech firm L3Harris Technologies to develop military aircraft, with plans to begin flight tests this fall.

Unlike Joby’s air taxis, which are electric, the planned vehicle will be a gas turbine hybrid aircraft. According to the companies’ statements, it will have the ability to be piloted or fly autonomously.

The move is in line with Joby’s air taxi rival Archer Aviation, which announced an exclusive partnership with defense contractor Anduril in December to develop hybrid military aircraft. Archer CEO Adam Goldstein recently told Sherwood News that he believes the company’s defense business could be larger than its commercial air taxi business for at least the next decade.

Joby shares climbed on the news while L3Harris shares ticked down.

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Match Group climbs as CEO touts Tinder turnaround plan

Match Group is rising in early trading on Wednesday following the Tuesday release of its fourth-quarter earnings report.

Match issued lackluster full-year revenue guidance of between $3.41 billion and $3.54 billion for 2026, below the $3.59 billion estimate from Wall Street analysts polled by FactSet. Still, investors appear drawn to the company’s Tinder turnaround plans.

On Match’s earnings call, CEO Spencer Rascoff said its 2026 Tinder road map directly addresses Gen Z pain points. Discovery will be redesigned to be “more expressive and less repetitive,” and verification and safety will be strengthened.

Paid users on Tinder fell 8% in the fourth quarter to 8.8 million. Paid users on Hinge grew 17% to 1.9 million. Match has reportedly budgeted $60 million for AI and product rollouts at its popular dating app.

“I’m confident that by the end of this year, the product will feel meaningfully different,” Rascoff said.

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