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
Lockheed Martin This lander would be based on the successful design of the "Phoenix" and "InSight" Mars landers. For the fiscal year 2017, Lockheed Martin reported earnings of US$2.002 billion, with an annual revenue of US$51.048 billion, an increase of 8.0% over the previous fiscal cycle. Lockheed Martin's shares traded at over $280 per share, and its market capitalization was valued at over US$86.8 billion in September 2018. Lockheed Martin ranked No. 59 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Lockheed Martin received $36 billion in government contracts in 2008 alone, more than any