ARCHBALD, Pa., Dec. 13, 2017 /PRNewswire/ -- Lockheed
Martin (NYSE: LMT) received a $22.8
million contract from the U.S. Air Force on behalf of the
U.S. Navy to produce Paveway II Plus Laser Guided Bomb (LGB)
kits.
The award includes guidance kits and air foil groups (tail kits)
for GBU-12 (500 pound) configuration LGBs, slated for delivery by
fourth quarter 2019.
The contract is a follow-on to the U.S. Air Force's $131 million fiscal year 2017 LGB award. In that
competition, Lockheed Martin secured the ninth consecutive majority
share of available funding in the annual U.S. Air Force
competition.
"Paveway II Plus LGBs from Lockheed Martin meet the U.S.
Navy's warfighting needs in today's challenging operational
environment," said Joe Serra,
Precision Guided Systems director at Lockheed Martin Missiles and
Fire Control. "We are proud to be able to meet the increased demand
at a delivery rate that enables successful naval aviation
operations across the globe."
Paveway II Plus includes an enhanced guidance package
that improves accuracy over legacy LGBs. Lockheed Martin has been a
qualified supplier of Paveway II LGB kits since 2001, and has
delivered more than 100,000 kits to customers.
In addition to the Paveway II Plus LGB, Lockheed Martin's
350,000-square-foot production facility in Archbald, Pennsylvania, is the sole provider
of the Enhanced Laser Guided Training Round and
Paragon™ direct attack munition. Lockheed Martin has
delivered more than 160,000 training rounds and 7,000 dual-mode LGB
kits to the U.S. Navy, Marine Corps, Air Force and 24 international
customers.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
97,000 people worldwide and is principally engaged in the research,
design, development, manufacture, integration and sustainment of
advanced technology systems, products and services.
PAVEWAY is a registered trademark of a third party in the EU
and several other countries and is used by Lockheed Martin
Corporation under license.
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SOURCE Lockheed Martin