IonQ Announces New $21.1 Million Project with United States Air Force Research Lab (AFRL) to Push Boundaries on Secure Quantum Networking

COLLEGE PARK, Md. – IonQ (NYSE: IONQ), a leader in the quantum computing and networking industries, today announced a new $21.1 million project via Qubitekk, Inc. to work with the United States Air Force Research Lab (AFRL).

“We are thrilled to deepen our collaboration with AFRL to provide advanced quantum network technologies for the U.S. Air Force, leveraging the team and technology of our recent Qubitekk asset acquisition”

This new effort represents another significant milestone for IonQ as it collaborates with AFRL to install quantum network infrastructure at the Innovare Advancement Center in Rome, New York. Quantum networks are poised to become important for secure infrastructure, as the technology enables multiple nodes to communicate via entangled qubits, offering secure communications, precise timing synchronization, and a foundation for distributed quantum computing.

The new quantum project will support AFRL’s Quantum Information Science & Technology Branch at the Information Directorate and its quantum networking and computing research. Under this effort, IonQ will:

• Develop a network with high-performing access points to drive the interoperability of quantum computers and networked devices
• Deliver networking hardware to expand compatibility with existing telecommunication infrastructure
• Collaborate with AFRL to create ground-breaking capabilities in establishing free-space optical links from ground stations to uncrewed aerial systems (UASs)

“We are thrilled to deepen our collaboration with AFRL to provide advanced quantum network technologies for the U.S. Air Force, leveraging the team and technology of our recent Qubitekk asset acquisition” said Peter Chapman, President and CEO of IonQ. “This is an exciting year for IonQ and the quantum industry at large, as we continue to see significant revenue growth for our networking technologies and strong demand for our IonQ Forte Enterprise and Tempo quantum computing systems.”

“Advancing quantum technology is crucial for maintaining our nation’s technological leadership. Our partnership with the industry signifies a substantial commitment to nurturing this vital competitive edge,” remarked Michael Hayduk, Deputy Director of the Air Force Research Laboratory, Information Directorate. “We are devoted to exploring innovative advancements in quantum computing and networking that will enhance our national security capabilities.

The new 2024 Q4 project with AFRL builds on recent contracts such as the $54.5 million agreement signed in September 2024 with AFRL and the contract with the Applied Research Laboratory for Intelligence and Security (ARLIS) to design a first-of-its-kind, networked system for blind quantum computing, and other significant contracts. This momentum is reinforced by IonQ’s Q3 2024 financial results, with the company doubling its year-over-year revenue for the quarter.

To learn more about IonQ and its latest system news and business developments, visit https://ionq.com.

About IonQ

IonQ, Inc. is a leader in the quantum computing and networking industry, delivering high-performance systems aimed at solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Newsweek’s 2025 Excellence Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list, Built In’s 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.

IonQ Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the terms “will,” “expect,” “exceeding,” “expectations,” “potential,” “progressing,” “trajectory,” “poised,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the expected creation of certain technologies, deliverables and capabilities; the expected future significance, capabilities and security of quantum networks; IonQ’s reliance on Qubitekk, Inc. and the former Qubitekk team for project and contract delivery; the potential benefits of IonQ’s work with project partners; and the problems that can be solved by IonQ’s quantum computers and networks. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: any disruptions and other problems with our operations including research and development, hardware, systems, components or facilities; IonQ’s ability to attract and retain its key employees and other personnel with specialized knowledge; any changes or inadequacies in IonQ’s quantum computing and networking capabilities and plans; IonQ’s relatively limited history in development quantum networking technologies; the capability of our quantum systems and quantum networks to provide certain capabilities and advantages; changes in laws and regulations affecting IonQ, its assets or the quantum sector generally; and IonQ’s ability to implement its business plans, technical roadmap, and projects. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company’s filings, including but not limited to those described in the “Risk Factors” section of IonQ’s most recent Quarterly Report on Form 10-Q and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future.