Raytheon Secures Contract for Australia's Naval Defense System
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22 hours ago
0mins
Should l Buy RTX?
Source: PRnewswire
- Contract Award: Raytheon has secured a contract with Mitsubishi Heavy Industries to provide SeaRAM® ship self-defense systems for Australia's Sea3000 General Purpose Frigate program, marking the country's first procurement of this advanced defense system.
- Frigate Replacement Plan: The Sea3000 program aims to replace the decommissioning Anzac-class frigates with 11 upgraded Mogami-class frigates, enhancing the naval force's operational capabilities.
- Technology Integration: The SeaRAM system combines the Phalanx Close In Weapon System and Rolling Airframe Missile to provide autonomous terminal defense against cruise missiles and other airborne threats, significantly boosting the Royal Australian Navy's defense capabilities.
- Delivery Timeline: Work on this contract will take place in Louisville, Kentucky, with deliveries expected to commence in late 2028, further solidifying Australia's position within the global RAM user community.
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Analyst Views on RTX
Wall Street analysts forecast RTX stock price to rise
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 176.090
Low
168.00
Averages
195.77
High
215.00
Current: 176.090
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Frigate Replacement Plan: The Sea3000 program aims to replace the decommissioning Anzac-class frigates with 11 upgraded Mogami-class frigates, enhancing the naval force's operational capabilities.
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- Job Creation: This expansion is expected to create over 100 high-skilled jobs across engineering and factory operations, further driving local economic development and enhancing the region's appeal for technical talent.
- Critical Technology Delivery: The new facility will support the FAA's Radar System Replacement Program, producing the Condor Mk3 and ASR-XM radars, ensuring passenger safety and military operational efficiency to meet the growing market demand.
- Regional Economic Impact: Collins Aerospace's expansion not only strengthens the military and defense cluster in the Tampa Bay area but also solidifies Florida's leadership in aviation manufacturing and national security, attracting more high-tech manufacturers to the state.
See More
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See More
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- Massive Contract Value: The U.S. Space Force announced awarding $3.2 billion in defense contracts to 12 companies to develop space-based interceptors, which are expected to significantly enhance the country's missile defense capabilities by filling existing gaps in the system.
- Diverse Participation: The contract includes well-known defense firms like Lockheed Martin and Northrop Grumman, alongside emerging space technology companies such as Gitai and True Anomaly, showcasing the Space Force's strategy to attract both traditional and non-traditional vendors for this initiative.
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See More
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- Contract Signing: Raytheon has secured a contract with Mitsubishi Heavy Industries to provide SeaRAM self-defense systems for Australia's Sea3000 General Purpose Frigate program, marking a significant expansion in the company's presence in the Asia-Pacific defense market despite undisclosed financial terms.
- Project Background: The Sea3000 program aims to replace the retiring Anzac-class frigates with 11 upgraded Mogami-class frigates, reflecting Australia's ongoing investment in naval modernization and enhanced maritime capabilities.
- Technical Support: Under the agreement, Raytheon will supply SeaRAM launchers, Blast Test Vehicles, and technical services to support the installation and testing of the first three frigates being built in Japan, ensuring the effectiveness and reliability of the systems.
- Delivery Timeline: Deliveries under the contract are expected to begin in late 2028, providing Raytheon ample time to optimize production processes and ensure timely delivery, thereby further solidifying its position in the international defense market.
See More
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- Contract Award: Raytheon has secured a contract with Mitsubishi Heavy Industries to provide SeaRAM® ship self-defense systems for Australia's Sea3000 General Purpose Frigate program, marking the country's first procurement of this advanced defense system.
- Frigate Replacement Plan: The Sea3000 program aims to replace the decommissioning Anzac-class frigates with 11 upgraded Mogami-class frigates, enhancing the naval force's operational capabilities.
- Technology Integration: The SeaRAM system combines the Phalanx Close In Weapon System and Rolling Airframe Missile to provide autonomous terminal defense against cruise missiles and other airborne threats, significantly boosting the Royal Australian Navy's defense capabilities.
- Delivery Timeline: Work on this contract will take place in Louisville, Kentucky, with deliveries expected to commence in late 2028, further solidifying Australia's position within the global RAM user community.
See More
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