IonQ Launches Federal Division To Deliver Quantum Tech For National Security

IonQ Inc. (IONQ), a quantum computing and networking company, announced on Wednesday a new division, IonQ Federal, focused on delivering its quantum technologies to U.S. government agencies and allied nations. 

The new initiative consolidates IonQ’s efforts in both quantum computing and quantum networking under one umbrella, supporting national security initiatives more effectively. 

IonQ stock inched 0.4% lower in Wednesday’s premarket. On Stocktwits, retail sentiment around the stock shifted to ‘bearish’ from ‘extremely bearish’ territory the previous day. Message volume improved to ‘normal’ from ‘low’ levels in 24 hours. 

The company stated that IonQ Federal will scale its impact across federal defense and intelligence missions through enhanced speed, integration, and technical focus.

Robert Cardillo has been named Executive Chairman of IonQ Federal, while maintaining his seat on the broader company’s Board of Directors. In this new capacity, Cardillo will be tasked with building partnerships and steering operations aligned with government needs for advanced computational tools.

Prior to joining IonQ, he led the National Geospatial-Intelligence Agency and served as the President’s principal intelligence advisor, including overseeing the daily intelligence briefing.

IonQ’s latest quantum computing lineup includes IonQ Forte and IonQ Forte Enterprise. The company aims to build the world’s most powerful quantum computers with 2 million qubits by 2030, targeting breakthroughs in drug discovery, materials science, finance, logistics, cybersecurity, and defense. 

IonQ stock has gained over 5% year-to-date and over 537% in the last 12 months. 

Also See: Palantir Partners With UK’s Hadean For Defense Simulation

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