Raytheon, a unit of RTX, secured a contract from Mitsubishi Heavy Industries to supply SeaRAM ship self-defense systems for Australia's Sea3000 General Purpose Frigate program. The award is a positive incremental development for RTX's defense backlog and exposure to naval shipbuilding. The announcement is company-specific and unlikely to have a broad market impact.
Raytheon, a unit of RTX, secured a contract from Mitsubishi Heavy Industries to supply SeaRAM ship self-defense systems for Australia's Sea3000 General Purpose Frigate program. The award is a positive incremental development for RTX's defense backlog and exposure to naval shipbuilding. The announcement is company-specific and unlikely to have a broad market impact.
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