The NASA Lander Technology project is leading the development and integration of the Lunar Pallet Lander (LPL) concept. The objective is to demonstrate precision landing by delivering a payload to the lunar surface within 100 meters of a landing target. Potential landing sites are selected near the lunar pole where water may be present in permanently shadowed regions that could enable future in-situ resource utilization. The LPL is part of a sequence of missions aimed at maturing the necessary technologies, such as lunar precision landing sensors, that will enable the next generation of multi-ton lunar payloads and human landers. This paper provides an overview of the Mission Design, Guidance Navigation and Control (GNC) algorithms, and sensor suite. The results show the LPL simulated trajectory and landing precision performance under nominal and dispersed conditions. The landing precision simulation confirms the need to rely on high-accuracy navigation techniques and sensors such as Terrain Relative Navigation (TRN) and the Navigation Doppler Lidar (NDL), currently being developed for space applications. The results also demonstrate the ability of the guidance and control system to perform a soft lunar touchdown by combining thrust vector control during the solid rocket motor deceleration phase, and pulse engine control, for the liquid powered descent phase.