The U.S. Department of Energy’s Office of Technology Commercialization announced an expansion of Quantum-in-Space Collaboration with 3 new signatories, including Honeywell International Inc. The defense and space industry is rapidly evolving with a focus on security and resiliency. Honeywell will leverage its quantum optical payload technology for quantum-secured communications and quantum sensing.

Honeywell International Inc. raised approximately $600 million in equity capital for Quantinuum, the developer of the world’s highest-performing quantum computer. This was done at a pre-money equity valuation of $10 billion to support the advancement of quantum computing at scale.

Madison Investments highlighted Honeywell International Inc. as a high-quality relative yield investment in the Industrial sector. HON has leading positions in Aerospace, Industrial Automation, Building Automation, and Safety and Productivity Solutions. They believe HON has a sustainable competitive advantage due to its scale, customer switching costs, and history of innovation.

Read more at Yahoo Finance: U.S. Department of Energy’s Office of Technology Commercialization (OTC) Announces Expansion of Quantum-in-Space Collaboration