The Lockheed Martin AN/AAS-35(V) Pave Penny is a laser spot tracker carried by US Air Force attack aircraft and fighter-bombers to enable them to track a laser spot on the ground (it does not produce a laser beam itself, so the aircraft cannot launch and guide laser-guided bombs against ground targets without additional hardware). PAVE was later used as an acronym for Precision Avionics Vectoring Equipment.
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