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Business/Financial

Boeing Divesting Stake In Joint Venture With Quantum Expertise

By Cal Biesecker

Thursday, July 23rd, 2026

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Boeing Divesting Stake In Joint Venture With Quantum Expertise

HRL Laboratories is one of 16 companies accredited by the Department of Defense as a trusted foundry. Photo: HRL Laboratories

IBM [IBM] on Thursday said it agreed to acquire HRL Laboratories, LLC, a joint venture between Boeing [BA] and General Motors [GM], to strengthen its capabilities in quantum computing. Deal terms were not disclosed. The transaction is subject to regulatory approvals and is expected to close in the third quarter. HRL has expertise in silicon-spin qubit engineering, quantum sensing and materials. The Malibu, Calif.-based company also has expertise in sensors, high-speed and high-power communications, electronics, advanced manufacturing and materials science.…

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