Business

October 28, 2015
 

U.S. Air Force awards Lockheed Martin majority share of Paveway™ II contract

Lockheed Martin has received a $76 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 2015 funding, as well as 100 percent of available funding for Foreign Military Sales. Deliveries will begin in the second quarter of 2016 and include the guidance and tail assemblies for GBU-10 and GBU-12 LGBs.
“Our high-efficiency production lines enabled us to offer the U.S. Air Force a best-value solution for their LGB kit requirements,” said Joe Serra, precision guided systems manager at Lockheed Martin Missiles and Fire Control. “The Paveway II Plus guidance system significantly enhances overall system performance and precision, and provides the U.S. Air Force with a cost-effective capability.”
Lockheed Martin is a qualified provider of all three Paveway II MK-80 series LGB variants (GBU-10 MK-84 [2,000 pound], GBU-12 MK-82 [500 pound] and GBU-16 MK-83 [1,000 pound]) and is the sole provider of the Enhanced Laser Guided Training Round and Dual Mode LGB kits. The company has delivered more than 140,000 training rounds, more than 70,000 Paveway II LGB kits and approximately 7,000 dual-mode systems to the U.S. Navy, Marine Corps, Air Force and 20 international customers. The systems are designed and manufactured at Lockheed Martin’s 350,000-square-foot production facility in Archbald, Pennn.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines – August 13, 2018

News Pentagon lays groundwork for Space Force to blast off in 2020 – Vice President Mike Pence on Aug. 9 unveiled the Pentagon’s plan to set the stage for a Space Force — a new military service branch centered around space operations — which could be in effect as early as 2020.     Business...
 
 

News Briefs – August 13, 2018

For now, U.S. Army suspends discharges of immigrant recruits The U.S. Army has stopped discharging immigrant recruits who enlisted seeking a path to citizenship — at least temporarily. A memo shared with The Associated Press Aug. 8 and dated July 20 spells out orders to high-ranking Army officials to stop processing discharges of men and...
 
 
NASA photograph by Glenn Benson

NASA, ULA launch Parker Solar Probe on historic journey to touch sun

Hours before the rise of the very star it will study, NASA’s Parker Solar Probe launched from Florida Aug. 12 to begin its journey to the Sun, where it will undertake a landmark mission. The spacecraft will transmit its first...