Lockheed Martin, Raytheon Win $639 Million USAF Paveway II Laser Bomb Contract

Lockheed Martin and Raytheon Missile System have been awarded a combined contract worth $649 million for the production of Paveway II Laser Guided Bomb (LGB).

“Lockheed Martin Missiles and Fire Control, Archibald, Pennsylvania (FA8213-11-D-0007); and Raytheon Missile System, Tucson, Arizona (FA8213-11-D-0008), have been awarded a combined not-to-exceed $649,730,000 modification (P00005/ P00008) for Paveway II production,” the US Department of Defense announced Monday.

Work will be performed at locations identified in specific task orders, and is expected to be complete by July 27, 2023. This modification provided a five-year contract extension, the statement added.