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
Nicholas Chabraja 1993 to 1994, and a Vice Chairman from 1996 to 1997. In 1997 he was appointed a Chief Executive Officer of General Dynamics, a position which he held for twelve years, stepping down from his office in June 30, 2009. This makes Nicholas Chabraja the longest-serving Chief Executive Officer of the top five defense contractors, the others being Lockheed Martin, Northrop Grumman, Boeing, and Raytheon. Under his management General Dynamics grew rapidly, mainly through acquisitions: from $4 billion in sales and 29,000 employees, to $29.3 billion in sales and 92,900 employees in 2008. In 2008, Nicholas D. Chabraja earned a