IonQ Just Locked In Another Defense Deal. Should You Buy the Quantum Computing Stock Here?

IonQ (IONQ) was back in the limelight this week, having announced the formation of a strategic alliance with Heven Aerotech, a defense-oriented company that develops autonomous aerial systems. The deal would help Heven integrate IonQ's solutions in the areas of quantum networking, security, and sensing into its latest autonomous drones. The development caused the stock to rise over the course of last week's trading.

The announcement came at the right time when the momentum in the field of quantum computing continues to build. IonQ has secured four government contracts totaling about $100 million each from the U.S. Air Force Research Lab between 2022 and 2025. Besides the acquisitions and developments in the field, these contracts may help the company, particularly in the defense and related segments, when the industry is still in the development stage.