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Swiss-based Terra Quantum lands US Air Force deal ahead of Nasdaq listing

By Thomson Reuters May 7, 2026 | 5:37 AM

By Dave Graham

ZURICH, May 7 (Reuters) – Swiss-German firm Terra Quantum said on Thursday it had won a U.S. ​Air Force contract to supply software ‌that simulates secure military communications in contested battlefield conditions, ahead of a Nasdaq listing valuing it at $3.25 billion.

The quantum technology firm did ‌not ​disclose the terms of ⁠the agreement with the ⁠world’s largest air force, and the deal is part of longer-term cooperation between the pair.

“The delivery of this platform ​to the U.S. Air Force represents an important step in transitioning quantum-secure ⁠communications from research into ⁠operational capability,” said Terra Quantum’s ​German founder and CEO, Markus Pflitsch.

The deal is ​notable due to current tensions between ‌Europe and the United States over military cooperation due to disagreements linked to the conflict with Iran.

The platform simulates how ⁠quantum-secured communications would perform in difficult battlefield conditions, including jamming, weak or unreliable signals, and ⁠limited bandwidth. ‌This allows military users to ⁠test and refine the technology ​before ‌deploying it on actual missions.

Separately, ​Terra Quantum ⁠said it had deployed a quantum key distribution link connecting Maltese telecom firm Melita’s two main data centres across a live fibre network.

(Reporting by Dave GrahamEditing by ​Bernadette Baum)