IONQ's stock price rises after qualifying for defense contracts

2026-02-24 00:49:51

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Investing.com – IonQ Inc (NYSE:IONQ) stock rose 1.4% after hours on Monday, following the company’s announcement of securing a contract under the Missile Defense Agency’s SHIELD Indefinite Delivery/Indefinite Quantity (IDIQ) contract framework.

The SHIELD IDIQ contract has a ceiling of $151 billion and covers a broad range of work areas aimed at enabling rapid delivery of innovative capabilities. IonQ is one of over 2,400 companies qualified to compete for future task orders under this contract framework.

The contract provides a framework within which IonQ can compete for future task orders, but must adhere to agency requirements and a competitive selection process. The company’s quantum technologies include quantum computing, quantum networking, quantum sensing, and quantum security.

IonQ’s business portfolio includes several subsidiaries. Capella Space provides on-demand synthetic aperture radar images from space, while Skyloom offers optical communication technology for secure data transmission between space and ground systems. Vector Atomic develops precise timing and navigation technologies for GPS-restricted environments.

IonQ Chairman and CEO Niccolo de Masi stated, “IonQ brings together a broad range of quantum technologies and supporting capabilities, reflecting our investments over many years in computing, networking, sensing, and security.”

The company has previously supported U.S. government R&D programs, including collaborations with DARPA, the U.S. Air Force Research Laboratory, and various organizations within the national security community.

The award of the SHIELD contract provides a potential pathway for IonQ to expand its government business, but actual revenue will depend on winning specific task orders through the competitive selection process.

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