Mentioned:
IONQ -13.52% IBM -5.60%
The United States Air Force Research Lab is deepening their bet on quantum computing.
What’s happening:
- IonQ (NYSE: IONQ) has landed a new deal with the United States Air Force Research Lab to advance quantum networks infrastructure
By the numbers:
- The new deal between the United States Air Force Research Lab and IonQ is worth $21.1M USD
- The United States Air Force Research Lab previously entered into a separate deal with IonQ for $54.5M USD
Why it matters:
- Quantum computing technology has been coming into focus in the United States of America lately, with government backed projects ramping up and even technology giants such as IBM (NYSE: IBM) forming plans to build out new leading edge research facilities
Going deeper:
- IonQ will build out high performing network access points for quantum computers at the Innovare Advancement Centre in Rome, New York in order to build out foundational infrastructure for distributed quantum computing
- The new project for the United States Air Force Research Lab is being led by Qubitekk, which IonQ recently acquired in an all cash deal
