RTX's Raytheon selected to provide SeaRAM for Australia's new Mogami-class frigates

Rhea-AI Summary

RTX (NYSE: RTX) announced that its Raytheon business won a contract from Mitsubishi Heavy Industries to supply SeaRAM ship self-defense systems for Australia's Sea3000 General Purpose Frigate program, which will replace 11 Anzac-class frigates with Upgraded Mogami-class frigates.

The contract covers SeaRAM launchers, Blast Test Vehicles, and technical services for the first three ships, built in Japan by MHI. This is Australia's first SeaRAM procurement. Work will occur in Louisville, Kentucky, with deliveries starting in late 2028.

Positive

• Contract to supply SeaRAM systems for Australia's Sea3000 frigate program
• Covers launchers, Blast Test Vehicles, and technical services for first three ships
• Marks Australia’s first procurement of SeaRAM terminal defense systems
• Positions RTX within a growing global RAM user community
• Work based in Louisville, Kentucky with deliveries from late 2028

Negative

• None.

News Market Reaction – RTX

+1.43%

+1.43% Session close to close

In the May 11 session, RTX gained 1.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights a new Raytheon SeaRAM ship self-defense contract tied to Australia’s Se...

Analysis

This announcement highlights a new Raytheon SeaRAM ship self-defense contract tied to Australia’s Sea3000 program, initially covering systems for the first three of 11 Upgraded Mogami-class frigates, with deliveries expected from late 2028. It adds to RTX’s recent cadence of contract wins and innovation recognition. Investors may watch how this award contributes to long-term backlog, any follow-on orders for the remaining frigates, and future use of the effective S-3ASR registration for capital needs.

Key Figures

Replacement frigates: 11 Upgraded Mogami-class frigates Initial ships covered: First three ships Delivery timing: Late 2028

3 metrics

Replacement frigates 11 Upgraded Mogami-class frigates Sea3000 General Purpose Frigate program scope

Initial ships covered First three ships SeaRAM systems, test vehicles and services under this contract

Delivery timing Late 2028 Expected start of SeaRAM deliveries under the contract

Historical Context

5 past events · Latest: May 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 06	Aircraft engine order	Positive	+2.2%	Large AirAsia Airbus A220 order using Pratt & Whitney GTF engines.
May 06	Radar contract win	Positive	+2.2%	Raytheon lands largest single SharpSight radar order from Blue Raven.
Apr 30	Dividend increase	Positive	-1.2%	Board boosts quarterly cash dividend by 7.4% to $0.73 per share.
Apr 30	Sector rare earths focus	Neutral	+1.9%	Article on rare earth supply risks and defense supply chains mentioning sector peers.
Apr 29	Innovation recognition	Positive	-1.6%	RTX named top aerospace and defense innovator with large patent portfolio.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent RTX contract and commercial win headlines have often seen positive initial reactions, while broader recognition or capital return news has sometimes coincided with modest pullbacks.

Recent Company History

In the past few weeks, RTX has reported several notable developments. On May 6, 2026, it highlighted a major AirAsia order for 150 Airbus A220 aircraft powered by Pratt & Whitney GTF engines and a record contract for 120 SharpSight radars, with shares rising about 2.24% after each. A 7.4% quarterly dividend increase announced on April 30, 2026 and recognition as a top global innovator, supported by over $7 billion in annual R&D, were followed by modest price declines, underscoring mixed reactions to non-contract headlines. Today’s Raytheon SeaRAM award fits the pattern of operational contract wins.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Contract marks Australia's first procurement of this advanced terminal ship defense system

LOUISVILLE, Ky., May 11, 2026 /PRNewswire/ -- Raytheon, an RTX business (NYSE: RTX), has been awarded a contract by Mitsubishi Heavy Industries (MHI) to provide SeaRAM® ship self-defense systems in support of Australia's Sea3000 General Purpose Frigate program. The Sea3000 program is set to replace the decommissioning Anzac-class frigates with 11 Upgraded Mogami-class frigates.  

Under the contract, Raytheon will supply SeaRAM launchers, Blast Test Vehicles, and technical services to support installation and testing of the systems for the first three ships which are being built in Japan by MHI.

"SeaRAM extends the defensive reach of a ship beyond traditional close in weapon system ranges," said Barbara Borganovi, president of Naval Power at Raytheon. "By integrating SeaRAM on the Royal Australian Navy's new surface combatants, Australia gains a proven, highly effective terminal air and missile defense layer for its future fleet."

SeaRAM combines the Phalanx Close In Weapon System (CIWS) with the Rolling Airframe Missile (RAM) to provide autonomous terminal defense against cruise missiles and other advanced airborne threats. The selection of SeaRAM underscores long term demand for these systems and positions Australia as a new member of the global RAM user community.

Work on this contract will take place in Louisville, Kentucky. Deliveries are expected to begin in late 2028.

About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com. 

 

View original content:https://www.prnewswire.com/news-releases/rtxs-raytheon-selected-to-provide-searam-for-australias-new-mogami-class-frigates-302763992.html

SOURCE RTX

FAQ

What contract did RTX (NYSE: RTX) secure for Australia’s Mogami-class frigates in May 2026?

RTX’s Raytheon business received a contract from Mitsubishi Heavy Industries to provide SeaRAM ship self-defense systems for Australia’s Sea3000 General Purpose Frigate program. According to RTX, the deal covers launchers, Blast Test Vehicles, and technical services for the first three Upgraded Mogami-class frigates.

How many frigates are in Australia’s Sea3000 program supported by RTX’s SeaRAM contract?

Australia’s Sea3000 General Purpose Frigate program will replace 11 Anzac-class frigates with Upgraded Mogami-class frigates. According to RTX, the current SeaRAM contract covers systems and services for the first three ships, which are being built in Japan by Mitsubishi Heavy Industries.

Why is RTX’s SeaRAM selection important for the Royal Australian Navy’s new Mogami-class frigates?

SeaRAM adds an autonomous terminal air and missile defense layer to Australia’s new surface combatants. According to RTX, SeaRAM combines the Phalanx Close In Weapon System with the Rolling Airframe Missile, extending defensive reach beyond traditional close-in weapon system ranges against advanced airborne threats.

When will RTX begin delivering SeaRAM systems for Australia’s Sea3000 Mogami-class frigates?

Deliveries of SeaRAM systems under this contract are expected to begin in late 2028. According to RTX, work on the program will take place in Louisville, Kentucky, supporting installation and testing on the first three Mogami-class frigates built by Mitsubishi Heavy Industries in Japan.

What workscope does RTX have under the SeaRAM contract for Australia’s Mogami-class ships?

RTX will provide SeaRAM launchers, Blast Test Vehicles, and technical services supporting system installation and testing. According to RTX, these efforts focus on the first three Upgraded Mogami-class frigates within the Sea3000 program, marking Australia’s initial procurement of the SeaRAM terminal defense system.

How does SeaRAM enhance ship defense according to RTX’s May 2026 announcement?

SeaRAM extends a ship’s defensive reach beyond traditional close-in weapon system ranges against advanced airborne threats. According to RTX, the system integrates the Phalanx Close In Weapon System and the Rolling Airframe Missile to provide autonomous terminal defense against cruise missiles and other air threats.