IonQ Says It Inked $54.5M Contract With The United States Air Force Research Lab; Company Announced $72.8M In Bookings Year-to-date And Says It Will Exceed Bookings Guidance Of $75M-95M Million For The Year
Portfolio Pulse from Nabaparna Bhattacharya
IonQ has secured a $54.5 million contract with the United States Air Force Research Lab, contributing to its $72.8 million in bookings year-to-date. The company expects to exceed its annual bookings guidance of $75-95 million.
September 27, 2024 | 9:16 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
IonQ has announced a significant $54.5 million contract with the US Air Force Research Lab, which has helped the company achieve $72.8 million in bookings so far this year. This positions IonQ to surpass its annual bookings guidance of $75-95 million.
The $54.5 million contract with the US Air Force Research Lab is a substantial deal for IonQ, significantly boosting its bookings for the year. This contract, along with the year-to-date bookings of $72.8 million, indicates strong business momentum and positions the company to exceed its annual guidance. Such positive developments are likely to have a favorable impact on IonQ's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100