Jacobs Bags Contract From PsiQuantum To Deliver Utility-Scale Quantum Computer Facility In Australia
(RTTNews) - Jacobs Solutions Inc. (J), Wednesday announced that the company was selected by PsiQuantum , a quantum computing company, to deliver one of the world's first utility-scale quantum computers in Brisbane, Australia.
The company expects the facility to solve commercially valuable problems and to help deliver Australia's National Quantum Strategy.
The construction of the 540,000 square foot facility is estimated to commence later in 2025 and be completed by the end of 2027.
In the pre-market hours, Jacobs's stock is trading at $124.50, up 1.63 percent on the New York Stock Exchange.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.