What Happened
Defense Giant Partners With IBM On Quantum Sensing Technology
Lockheed Martin has announced a partnership with IBM to develop quantum sensing technology, which may improve navigation and materials design in future aircraft and missiles. The partnership is part of Lockheed Martin’s broader efforts to invest in emerging technologies and enhance its competitive position. Analysts expect the company’s revenue to grow by 5.3% per year over the next three years, with earnings forecast to reach $8.4 billion by 2029. The partnership was reported by Simply Wall St.