The Air Force is paying Lockheed Martin $50 million to manufacture GBU-12 laser-guided bomb kits—which convert the 500-pound free fall bombs into precision guided weapons. According to Lockheed, the order represents over half the Air Force’s requirements for the current fiscal year.
Boeing Claims Progress on T-7 and Other Challenged Programs
April 25, 2025
Boeing appears to have become to overcome the problems that led to billions in losses on fixed-price defense contracts in recent years, point the company back toward profitabily, says Boeing president and CEO Kelly Ortberg.