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Lockheed Martin to produce laser-guided trainings rounds for U.S. Navy
ARCHBALD, Pa., 27 Nov. 2010. Lockheed Martin [NYSE: LMT] won a $15.6 million contract to produce Paveway II Enhanced Laser Guided Training Rounds (ELGTR) for the U.S. Navy. This award is for the first year of a planned three-year procurement that will maintain continuous production on the ELGTR, with work under this contract beginning in the third quarter of 2011 at Lockheed Martin's Archbald, Pa., operation.