Sam Boughedda

Investing.com — General Dynamics Corporation announced Tuesday that it has been awarded a contract from the National Security Agency. 

This contract allows the defense and aerospace companies to design, build, test, and then deliver a certified 400 Gbps encryption solution. General Dynamics has developed two modules to offer scalable encryption that can protect cloud and classified environments as well as data centers.

High-speed solutions also have the ability to reduce power consumption while maintaining high performance. 

Financial details weren’t disclosed.

Brian Morrison, Vice President for Cyber Systems with General Dynamics Mission Systems stated that General Dynamics Mission Systems has the reputation of being the best-known provider for high-assurance encryption. 

Morrison said that the award of the contract shows the company’s dedication to providing “the best speeds” for security and encryption.

General Dynamics’ stock rose 1.5% in the wake of this announcement.

General Dynamics raised their price target to $285 by Susquehanna in April. This was after Charles Minervino, an analyst, stated that the company would benefit from the strong recovery of the jet market. The company’s share price is up 10.9% in 2022 so far.