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A May report by US Naval Institute News estimated each LRLAP round to cost between $400,000 to $700,000. For context, the smaller Mk. 45 5-inch gun, standard on Navy destroyers and cruisers, fires an unguided round with a range of 21 miles. Each round costs between $1,600 and $2,200. The LRLAP round was developed by Lockheed Martin. In 2001, the director of Lockheed's guided projectiles division claimed the LRLAP would cost "less than $50,000 each." Even factoring in inflation, the rounds have ended up costing nearly twelve times as much.