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Barchart
Barchart
Aditya Raghunath

Is IonQ Stock a Buy, Sell, or Hold on New Air Force Deal?

IONQ Peter Chapman AFRL

Valued at a market capitalization of $6 billion, IonQ (IONQ) develops and operates quantum computing systems. It offers cloud-based access to advanced quantum computers through major platforms like those of Amazon (AMZN), Microsoft (MSFT), and Google (GOOGL). 

IonQ continues to strengthen its position in the quantum computing sector, bagging a $21.1 million project with the United States Air Force Research Lab (AFRL). This adds to the company’s growing portfolio of government contracts. In September 2024, IonQ inked another $54.5 million agreement with AFRL.

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