FT PGB is an abbreviation for a family of Chinese built precision guided munitions named To-Fly Precision Guided Bomb (Fei-Teng Jing-Que Zhi-Dao Zha-Dan, 飞腾精确制导炸弹), developed by China Academy of Launch Vehicle Technology (CALT), a subsidiary of China Aerospace Science and Technology Corporation (CASC).
FT PGB is actually an upgrade kit to modernize gravity bombs with precision guidance. The kit consists of two modules, the inertial guidance module and the satellite guidance module. The primary guidance system is the satellite guidance module, a technology reportedly to be reverse engineered from unexploded Joint Direct Attack Munition (JDAM) ordnance in the NATO bombing of the People's Republic of China embassy in Belgrade, according to many Chinese military enthusiasts. A variety of satellite guidance can be used, such as GPS and GLONASS, as well as Chinese system Beidou navigation system, which will be usable in Asia-Pacific region in 2012. When satellite guidance is not available, the inertial guidance system is used, though the two systems are generally used together, complimenting each other.