Absolutely. This is the primary reason those “UFO’s” AKA balloons and drones are concerning: Signals intelligence (and/or radar jamming in the same vein which the DOD reported has occurred off the coast of Virginia).
It’s alarming many leaped to suggest LEO satellites obviate the need for balloons/drones/spy planes because it really isn’t true; there are some things for which a proper resolution and capture is simply only possibly with proximity, at least more than a satellite has. In fact that’s why we still use U-2 spy planes (upgraded) and did for the balloon.
Given the number of unidentified drone/balloon incursions reported by the Pentagon in the last few years near ships and air force bases I do wonder what’s been exposed about our radars and or datalinks. It also doesn’t necessarily matter that the data is encrypted (a weird refrain I saw) because the operating frequencies and behavior of the emitters on our aircraft, ships is in and of itself valuable information.