HP Gains 1.5% on $2 Billion Computing Service Deal with NSA

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Investing.com – Hewlett Packard Enterprise stock (NYSE:HPE) traded 1.5% higher as the company secured a $2 billion contract to supply high-performance computing systems to the U.S. National Security Agency.

The order has to be executed over 10 years, HPE said in a note. The new service will go into use starting in 2022.

As to conditions, HPE will build and manage the complete solution and the NSA will pay it to use it as a service. The system will be housed in a data center owned by QTS Realty (NYSE:QTS) Trust.

The new collaboration will help the NSA meet their growing data management requirements. The HPE solution is expected to enable the American spy agency harness rapidly growing AI and data needs more efficiently for better forecasting and analysis.

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