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
General Dynamics General Dynamics General Dynamics Corporation (GD) is an American aerospace and defense multinational corporation formed by mergers and divestitures. It is the world's fifth-largest defense contractor based on 2012 revenues. The company ranked No. 99 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in West Falls Church, Fairfax County, Virginia. The company has changed markedly in the post–Cold War era of defense consolidation. It has four main business segments: Marine Systems, Combat Systems, Information Systems Technology, and Aerospace. General Dynamics' former Fort Worth Division manufactured the F-16 Fighting Falcon until