No, the plot of Sneakers is at the end the NSA thinks they're the only ones who can break the CIA's encryption but really the only one who can do it is Robert Redford!
Postscript: Redford of course then goes ahead and basically announces it to the NSA by stealing all the Republican party's money (and someone else - can't remember) and donating it to causes like Greenpeace and Amnesty International.