Financial Wire

Update: IonQ Shares Rise After Contract Award for DARPA's Heterogeneous Architectures for Quantum Program

-- (Updates with the latest stock move in the headline and in the first paragraph.)

IonQ (IONQ) shares were up 15% in Tuesday trading after the company said it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.

The quantum technology company said its contract will focus on quantum memories that will support the program's speed and fidelity targets. IonQ said its quantum memories serve as core chips for its quantum interconnect systems.

Financial details of the contract were not disclosed.

Price: $34.32, Change: $+4.56, Percent Change: +15.31%

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