Lockheed Martin Paveway II Dual Mode Laser-Guided Bomb Begins Operational Release with U.S. Navy

More about LMT:

• Guru Trades
• 10-Year Financials
• DCF Calculation
• 10-Year Valuations
• Insider Buys

Writers Compensation Program - Writers Wanted

Columnists Wanted

Submit Articles

Press Release: Lockheed Martin Paveway II Dual Mode Laser-Guided Bomb Begins Operational Release with U.S. Navy

ARCHBALD, Penn., Jan. 13 /PRNewswire/ -- Lockheed Martin's (NYSE: LMT)paveway II Dual Mode Laser-Guided Bomb (DMLGB) has achieved the U.S. Navy'sinitial operational capability and is now preparing for operationalemployment.

The DMLGB combines laser-guided and inertial/GPS guidance to executeprecision strike missions against stationary and mobile targets in all weatherconditions. The kits can operate in laser only, inertial/GPS, or dual mode toprovide pilots with the flexibility to engage various types of targets in asingle mission.

"The combined Navy/Lockheed Martin team achieved another milestone inproviding Warfighters with innovative and cost-effective, direct-attackcapabilities," said Capt. Mat Winter, PMA 201 Precision Strike Weapons programmanager. "DMLGB brings the tactical flexibility with proven precisioneffectiveness our Warfighters so urgently need. I am extremely proud of ourteam and their delivery of this phenomenal capability to the Fleet today."

"The DMLGB is the result of our effective partnership with the U.S. Navy,"said John Pericci, Business Development director at Lockheed Martin'sArchbald, PA, facility. "This program is an example of how existing inventorycan be cost-effectively upgraded into a next-generation precision-guidedweapon system. DMLGB provides the Warfighter with an enhanced capabilityweapon that is highly effective against fixed, re-locatable and mobiletargets."

Lockheed Martin was competitively selected to develop DMLGB and is workingunder an Indefinite Delivery/Indefinite Quantity $260 million Navy contract toproduce kits. The DMLGB is an enhanced variant of the paveway family, withfire-and-forget capability and terminal guidance that make it a cost-effectiveprecision-guided weapon system.

Paveway is a generic term, developed by the U.S. Air Force, for laserguided weapon systems. Lockheed Martin is a fully-qualified provider ofpaveway II Laser Guided Bomb kits and provides these systems to the U.S. AirForce, U.S. Navy and international customers. Lockheed Martin developed andproduces the paveway II Enhanced Laser Guided Training Round.

Headquartered in Bethesda, MD, Lockheed Martin is a global securitycompany that employs about 140,000 people worldwide and is principally engagedin the research, design, development, manufacture, integration and sustainmentof advanced technology systems, products and services. The corporationreported 2007 sales of $41.9 billion.

For additional information, visit our web site:[www.lockheedmartin.com]

Source: PRNewsWire

More on LMT:

Gurus buys and sells of LMT
10-year financial history of LMT.
Insider buys/sells of LMT.

Gurus who own LMT

Rate This Article:

Currently 0.00/5 1 2 3 4 5 Rating: 0.0/5 (0 votes)

More Articles about LMT:

• Glenn Greenberg Top Holidngs: Lockheed Martin Corp., Comcast Corp., Ryanair Holdings, U.S. Bancorp, Laboratory Corp. of America Holdings, Varian Medical Systems - Nov 27, 2009
• Lockheed Martin Corp. Reports Operating Results (10-Q) - Oct 23, 2009
• Companie Raising Dividends: McDonald's Corp., Lockheed Martin Corp., Sanderson Farms, ConAgra Foods, Chimera Investment Corp., Hatteras Financial Corp., Triangle Capital Corp. - Sep 28, 2009
• Lockheed Martin Corp. Reports Operating Results (10-Q) - Jul 22, 2009
• » » More news about LMT