• Under an agreement with a potential value of up to $300 million, IonQ will advance to Stage C of DARPA's Quantum Benchmarking Initiative.
• IonQ is among the elite first companies selected for Stage C — during which IonQ will deliver multiple generations of class-leading quantum systems for DARPA’s independent validation.
• The advancement reflects DARPA's confidence in IonQ's approach to building large-scale fault-tolerant quantum computers. Following successful completion of Stage A and Stage B, it moves the company's architecture and roadmap into independent verification and validation.

IonQ (NYSE:IONQ), the world’s leading full-stack quantum platform and foundry, has advanced to Stage C of the Defense Advanced Research Projects Agency’s Quantum Benchmarking Initiative (QBI). IonQ and DARPA have signed a Stage C agreement with a potential value of up to $300 million to continue validating IonQ’s approach to delivering large-scale fault-tolerant quantum computers. Funding beyond the initial obligation remains subject to future appropriations and DARPA funding actions.

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