The new year will see General Dynamics Aviation Services (GDAS) rebranded to Gulfstream and Midcoast Aviation rebranded as Jet Aviation, a wholly owned subsidiary of General Dynamics. Joe Lombardo, executive v-p of the General Dynamics Aerospace Group, said, “We have a service presence at 44 locations around the world and we continue to grow to meet the demands of our increasing international customer base.
Avtrak and Midcoast Aviation have reached an agreement by which Avtrak will provide technology that will automate the information flow through Midcoast Aviation’s MRO processes, said Dennis Steinbeck, v-p of business development for Littleton, Colo.-based Avtrak. More details about the agreement are to be announced by Avtrak (Booth No. 2137) here.
Large-cabin business jets continue to lead Gulfstream’s order and delivery figures, while sales outside the U.S. continue to surpass domestic sales. Both elements are helping to keep the bottom lines of Gulfstream and parent company General Dynamics relatively stable, while they provide a glimmer of end-of-the-tunnel light for the second half of this year and perhaps even some optimism for higher revenue next year.
According to Jay Johnson, chairman and CEO of Gulfstream parent company General Dynamics, the Gulfstream G650 and G250 test programs are proceeding on track: “Significantly, both aircraft are performing in test exactly as predicted.” The super-midsize G250 and wide-cabin G650 are expected to be certified next year, and G250 deliveries will start “in 2011.” Johnson said Gulfstream plans to deliver 17 G650s in 2012 and 33 each in 2013 and
Carl Hirschmann, Jet Aviation’s former CEO and the eldest son of company founder Carl W. Hirschmann, died on July 31 in Zurich, Switzerland, after a battle with pancreatic cancer. He was 61. The younger Hirschmann, who was groomed by his father to lead the Zurich-based company, joined Jet Aviation in 1975 and rose to the position of CEO during the mid-1980s. Following a disagreement with his father, in 1984 Carl Jr.
Carl Hirschmann, former Jet Aviation CEO and the eldest son of company founder Carl W. Hirschmann, died on Friday in Zurich, Switzerland, after a brief battle with cancer. He was 61. The younger Hirschmann, who was groomed to lead the Zurich-based company eventually, joined Jet Aviation in 1975 and rose to the position of CEO during the mid-1980s.
“We’re seeing a gradual improvement in the business jet market,” Jay Johnson, the chairman and CEO of Gulfstream and Jet Aviation parent General Dynamics, noted yesterday during the company’s second-quarter financial conference.
General Dynamics yesterday reported first-quarter 2010 earnings from continuing operations of $599 million, up from $593 million for the same period in 2009, giving much of the credit to gains in the aerospace business segment, which consists of Gulfstream, Jet Aviation and General Dynamics Aviation Services. “It was a good first quarter,” said GD president and CEO Jay Johnson in an investor conference call.
Gulfstream Aerospace president Joe Lombardo started his career in aerospace at Douglas Aircraft in 1975, where he held leadership positions in production and material control, planning and manufacturing, and was general manager of twinjet production. He joined Gulfstream in 1996 as vice president of co-production, where he was responsible for the ramp-up and dual production of the Gulfstream IV-SP and V.
Brad Hatt resigned from his position as senior v-p of sales at Hawker Beechcraft. The Wichita airframer has announced several other changes to its executive management team. Richard Emery, most recently a v-p of sales at Gulfstream, has been appointed president of its Americas jet sales division. Justin Firestone, previously CEO of private jet card provider Asia Jet, was named president of its Asia-Pacific sales division.