ARCHBALD, Pa., Sept. 19, 2016 /PRNewswire/ -- Lockheed Martin
(NYSE: LMT) received an $87.6 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 of fiscal year 2016
funding and the 8th consecutive majority win for
Lockheed Martin in the annual Air Force competition. Deliveries
include the guidance and tail assemblies for GBU-10 (2,000-lb.) and
GBU-12 (500-lb.) LGB configurations.
"Our efficient and cost-effective manufacturing enables us to
offer the U.S. Air Force and our allies a cost-effective solution
for their LGB requirements," said Joe
Serra, Precision Guided Systems director at Lockheed Martin
Missiles and Fire Control. "Paveway II Plus LGB provides
U.S. and allied warfighters with a reliable direct-attack
capability to help them achieve their mission in today's
air-to-ground engagements."
Lockheed Martin is a qualified provider of all three Paveway II
MK-80 series LGB variants (GBU-10 MK-84, GBU-12 MK-82 and GBU-16
MK-83 [1,000 lb.]). Lockheed Martin is also the sole provider of
the Enhanced Laser Guided Training Round and Dual Mode LGB kits.
The company has delivered more than 150,000 training rounds, more
than 75,000 Paveway II LGB kits and approximately 7,000 dual-mode
systems to the U.S. Navy, Marine Corps, Air Force and more than 20
international customers. The systems are designed and manufactured
at Lockheed Martin's 350,000-square-foot production facility in
Archbald, Pennsylvania.
For additional information, visit our website:
www.lockheedmartin.com.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
98,000 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