Lockheed Martin has been selected to develop, qualify and produce the Paveway II Dual Mode Laser Guided Bomb (DMLGB), the next-generation precision-guided weapon system for the US Navy. The contract calls for a 2006 procurement worth $65 million and a five-year procurement with a potential value of $266 million.
The programme will upgrade the service’s inventory of legacy Paveway II kits by replacing an existing Computer Control Group (CCG) system with an Inertial Navigation System/Global Positioning System, an all-weather guidance system that provides dual-mode guidance capability.
The DMLGB, a commercial-off-the-shelf based retrofit, is intended to minimise collateral damage and improve mission effectiveness by providing precision strike capabilities in all weathers at extended stand-off ranges.

Source: Flight Daily News