Exclusive: PsiQuantum and Lockheed eye aerospace advantage with new pact - Axios

PsiQuantum was valued at $7 billion earlier this year. Photo: Thomas Fuller/SOPA Images/LightRocket via Getty Images PsiQuantum and Lockheed Martin are putting their heads together. Why it matters: The former's quantum efforts, including development and deployment of fault-tolerant quantum computers, could supercharge the latter's national security work, especially in resource-hungry materials science and modeling and simulation. Driving the news: The companies announced today their newly inked memorandum of understanding. A key piece of the agreement is Construct, a software suite in which quantum algorithms are designed and optimized. What we're hearing: Quantum today is being likened to cyber 10 years ago and artificial intelligence five years ago. Zoom out: Quantum tech promises to solve the incredibly intricate problems that classical computers can't — or at least can't do quickly enough. Follow the money: Lockheed is the world's largest defense contractor by revenue. PsiQuantum in September disclosed a $1 billion Series E, valued at $7 billion. What we're watching: How the Trump administration handles the quantum question. Executive orders were on the table earlier this year, CyberScoop reported.