Investing.com -- Raytheon Co. (NYSE: RTX) of Tucson, Arizona, has been awarded a contract valued at up to $234.7 million by the U.S. Department of War for the Advanced Medium-Range Air-to-Air Missile Extended Range Transition to Production program.

The cost plus fixed-fee undefinitized contract action covers activities required to transition the AMRAAM ER into full-rate production. Work under the contract will be performed at the company's Tucson facility, with completion expected by April 13, 2030.

The contract includes Foreign Military Sales to Hungary, Kuwait, Lithuania, Netherlands, Norway, and Taiwan. The award was made through a sole source acquisition process.

At the time of the award on Monday, Foreign Military Sales funds totaling $61.6 million were obligated. The Air Force Lifecycle Management Center Weapons Superiority Contracting Branch at Robins Air Force Base in Georgia serves as the contracting activity.