Lockheed Martin [NYSE: LMT] received a $31.1 million contract from the U.S. Air Force for follow-on production of paveway II Plus Laser Guided Bomb (LGB) kits.

The contract represents the majority share award of the available fiscal year 2013 funding. Production deliveries under this contract will include computer control groups and air foil groups for GBU-10 and GBU-12 bombs. The paveway II Plus LGB uses an enhanced laser guidance package, significantly improving precision when compared to existing paveway II LGBs.

"Lockheed Martin's paveway II Plus LGBs deliver superior capability at the best value to the warfighter," said Joe Serra, precision guided systems manager at Lockheed Martin Missiles and Fire Control. "The contract represents the seventh U.S. Air Force paveway II Plus award and extends production at our Archbald, Pa., facility through the end of 2014."

The kit consists of a MAU-209C/B computer control group containing the electronic guidance system and an airfoil group to provide lift and stability to the weapons in standard GBU-10 MK-84 (2,000 lb.), GBU-12 MK-82 (500 lb.) and GBU-16 MK-83 (1,000 lb.) series configurations.