CAMBRIDGE, Mass., June 26, 2012 /PRNewswire/ -- Raytheon BBN Technologies has been awarded $2.2 million in funding under the Quantum Computer Science (QCS) program sponsored by the Intelligence Advanced Research Projects Activity (IARPA). BBN is a wholly owned subsidiary of Raytheon Company (NYSE: RTN).
The goal of the program is to create tools and methods that integrate all aspects of the quantum computer -- from hardware to software -- in a single framework, resulting in unified resource management and realistic performance assessment. This will enable more informed decisions about where to direct ongoing quantum computing research and development. Additional program partners include NEC, the University of Waterloo and the University of Melbourne.
In the future, quantum computers could outperform traditional computers with improved security and much faster processing speeds. Quantum computing may also decode common encryption keys significantly quicker than traditional computing, cracking codes in hours that would take decades using today's technology.
"BBN has a strong track record in quantum science research," said Richard Lazarus, QCS program manager at Raytheon BBN Technologies. "This program brings together various areas of quantum computing research to accelerate superior capabilities for the U.S. Intelligence Community."
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.
SOURCE Raytheon Company