The BAE Systems' Advanced Precision Kill Weapon System (APKWS) turns a standard unguided 2.75-inch (70 millimeter) rocket into a precision laser-guided rocket to give warfighters a low-cost surgical strike capability.
APKWS Laser-Guided Rocket shots with the M282 warhead during tests at Eglin Air Force Base in Florida.
In 2013, the U.S. Air Force and U.S. Navy conducted the APKWS Fixed Wing Joint Capability Technology Demonstration (JCTD) to determine the performance and utility of the Advanced Precision Kill Weapon System rocket.
APKWS is approximately one-third the cost and one-third the weight of the current inventory of laser-guided weapons, has a lower yield more suitable for avoiding collateral damage, and takes one quarter of the time for ordnance personnel to load and unload. As of October 2015, BAE Systems had manufactured 5,000 APKWS units.
Source: http://www.baesystems.com/en/product/apkws-laser-guided-rocket
More Info: https://en.wikipedia.org/wiki/Advanced_Precision_Kill_Weapon_System
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