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yesterday

IonQ Strikes DOE Deal for Orbital Quantum-Secure Communications, Shares Hit Record

The collaboration targets an in-orbit demo that positions IonQ for national-security use cases.

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(IonQ)

Overview

  • IonQ signed a memorandum of understanding with the U.S. Department of Energy to advance quantum technologies in space.
  • Under the pact, IonQ will design and showcase an orbital demonstration of quantum-secure communications using its satellite platform.
  • The effort will also explore alternate position, navigation and timing, time synchronization, quantum networking and sensing.
  • IonQ entered a definitive agreement to acquire Vector Atomic, which is reported to hold over $200 million in U.S. government national-security contracts.
  • IonQ shares reached new all-time highs, with after-hours trading at $68.01 up 3.93% according to Benzinga Pro, as the DOE also highlighted work with Honeywell and Chattanooga’s EPB to bridge lab systems to orbital use cases.