Joe Serra: Lockheed to Extend AF Guided Bomb Kits Production

lockheed martinLockheed Martin (NYSE: LMT) has been awarded a $40.3 million follow-on contract to continue producing laser-guided munition systems for the U.S. Air Force.

The company expects to start delivery of additional Paveway II Plus bomb kits to the military branch in June 2015, Lockheed said Tuesday.

Joe Serra, precision guided systems manager at Lockheed Martin’s missiles and fire control business, said the contract will extend production at the firm’s Archbald, Pennsylvania, facility through the first quarter of 2016.

The Paveway II LGB package is comprised of a computer control technology and an airfoil set for GBU-10, GBU-12 and GBU-16 bombs.

The contract represents the eighth award for the Air Force Paveway weapons.

Lockheed says it has provided more than 70, 000 Paveway II kits,  135, 000 training rounds and 7, 000 dual mode systems to U.S. military and foreign customers to date.

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