GBU-12 Paveway II of the Paveway series) are produced by defense contractors Lockheed Martin and Raytheon. Raytheon began production after purchasing the product line from Texas Instruments. Lockheed Martin was awarded a contract to compete with Raytheon when there was a break in production caused by transferring manufacturing out of Texas. "Paveway II" refers specifically to the guidance kit, rather than to the weapon itself. See also GBU-16 Paveway II, where the same guidance unit is fitted to a Mk 83 1,000-lb bomb. The US Department of Defense has upgraded GBU-12 production versions to include GPS guidance modes. Lockheed Martin is the sole
Saudi Arabia–United States relations documents included letters of interest and letters of intent and no actual contracts. US defense stocks reached all-time highs after Donald J. Trump announced a $110 billion arms deal to Saudi Arabia. Saudi Arabia signed billions of dollars of deals with U.S. arms producers and energy companies, including Lockheed Martin, Boeing, Raytheon, General Dynamics, Northrop Grumman, General Electric, Exxon Mobil, Halliburton, Honeywell, McDermott International, Jacobs Engineering Group, Rowan Companies, National Oilwell Varco, Nabors Industries, Weatherford International, Schlumberger and Dow Chemical. In August, 2018, a laser-guided Mark 82 bomb sold by the U.S. and built by Lockheed Martin was used in