Quantinuum, the quantum-computing company majority-owned by Honeywell, finalized a $1 billion agreement with a Qatari investment firm, citing ramping global demand for the technology. The announcement came amid President Donald Trump’s four-day trip to the Middle East. It was part of a multi-billion-dollar trade deal that included a string of purchases from U.S. defense contractors and a “record” order of 160 Boeing planes for Qatar Airways. Quantum computing is often seen as a speculative bet by investors and detractors could argue that its appearance alongside sectors like defense and energy was a surprise. However, the announcement was just another sign that enthusiasm for the technology continues to mount, both in the U.S. and abroad. Under the terms of the agreement, Qatar will invest up to $1 billion in quantum technology over 10 years. This includes training new developers and enabling access to Quantinuum’s quantum systems. The partners plan to develop regional-specific uses of quantum in fields such as finance, precision medicine, and genomics, both for academic and industrial clients. Quantinuum said it was “steadily expanding its global presence to meet the growing international demand for its technology and applications,” and noted that its expansion into Qatar followed growth in the U.K., Europe, and Indo-Pacific.

Full report : Quantinuum finalized a $1 billion agreement with Qatari investment firm during U.S. President’s visit.

For more see the OODA Company Profile on Quantinuum.