LM Receives $31 M USAF Contract For paveway II Plus LGB Kits

Jan 28, 2014 ASDNews Source : Lockheed Martin Corporation

Lockheed Martin (NYSE: LMT ) received a $31.1 million contract from the U.S. Air Force for follow-on production of paveway II Plus Laser Guided Bomb (LGB) kits.

The contract represents the majority share award of the available fiscal year 2013 funding.  Production deliveries under this contract will include computer control groups and air foil groups for GBU-10 and GBU-12 bombs. The paveway II Plus LGB uses an enhanced laser guidance package, significantly improving precision when compared to existing paveway II LGBs.

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