IonQ Announces New $25.5M Quantum Deal With United States Air Force Research Lab
Portfolio Pulse from Benzinga Newsdesk
Quantum computing company IonQ (NYSE:IONQ) has announced a $25.5 million deal with the Air Force Research Lab (AFRL) to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development. This deal comes a year after a similar agreement and will further enhance AFRL's research mission. The announcement follows increased support from the U.S. federal government for the development of quantum technology.
September 28, 2023 | 3:23 pm
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IonQ's new $25.5M deal with the Air Force Research Lab could potentially boost its stock price in the short term due to increased revenue and enhanced reputation in the quantum computing industry.
The deal not only brings in significant revenue for IonQ but also solidifies its position as a leader in the quantum computing industry. This could attract more investors, potentially driving up the stock price in the short term.
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