Xanadu Shares Rise After Expanding Quantum Training Partnership with Lockheed Martin

Dow Jones07-15 01:34

Xanadu shares rose Tuesday after the company said it is expanding its partnership with Lockheed Martin to help train engineers in quantum computing.

Shares of the photonic quantum computing company were recently up about 5.3% at $11.06.

The companies said Lockheed Martin's Quantum Talent Pipeline program will use Xanadu's PennyLane quantum programming platform and educational resources to train engineers to apply quantum computing to aerospace, defense and advanced engineering.

Under the collaboration, Xanadu will provide software tools, workshops and access to its quantum simulators and hardware to help participants develop practical quantum computing skills.

The companies said the program builds on their existing research collaboration, including a joint initiative in quantum machine learning, and is intended to help address growing demand for workers with quantum computing expertise as the technology moves toward commercial and industrial applications.

Write to Anvee Bhutani at anvee.bhutani@wsj.com

(END) Dow Jones Newswires

July 14, 2026 13:34 ET (17:34 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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