Gulfstream Aerospace redesignated the super-midsize G250 as the G280 in mid-July.
“Second-quarter Gulfstream orders were the largest we’ve seen since the economic downturn began,” Jay Johnson, chairman of Gulfstream Aerospace parent company General Dynamics, said yesterday during an investor conference call. In the three-month period, Gulfstream’s backlog climbed $428 million to $18 billion, representing an 18- to 24-month supply for in-production large-cabin jets.
Three super-midsize G250 flight-test airplanes have flown more than 1,150 hours and 400 flights, and the jet remains on schedule for certification later this year, Gulfstream Aerospace said. The Honeywell HTF7250G turbofan received FAA certification on March 18 and delivers substantially lower emissions compared with its HTF7000 sibling. All static, limit/ultimate load testing has been completed on the G250, and fatigue testing is under way.
With defense spending remaining a target of increased budget scrutiny, General Dynamics chairman and CEO Jay Johnson said yesterday that he sees the company’s Gulfstream Aerospace division as its main “growth engine.” During the first-quarter investor conference call yesterday morning, Johnson said the firm’s aerospace division, which includes Gulfstream and Jet Aviation, had a “strong quarter” with $1.353 billion in revenues, just $4 million
Gulfstream Aerospace acquired a 253,000-sq-ft building in Savannah, Ga., to house its growing research-and-development program.
General Dynamics, the parent company of Gulfstream and Jet Aviation, yesterday reported revenue of $32.47 billion and pre-tax earnings of $2.63 billion last year, up from $31.981 billion and $2.41 billion, respectively, in 2009. The company’s aerospace segment accounted for $5.3 billion in revenue and $860 million in profits last year, the latter up 21 percent over 2009.
General Dynamics’ aerospace group is on track to post a modest growth in revenue over last year, according to company CEO and chairman Jay Johnson.
At the same time Gulfstream Aerospace is preparing an assembly plant for its new G650, the Savannah-based OEM is also readying an adjacent building for cabin completion work. The completion facility is in a former service center currently being used for flight-test operations. Gulfstream expects all G650 assembly and outfitting to be done at the main Savannah plant.
At the same time Gulfstream Aerospace is preparing an assembly plant for its new G650, the Savannah-based OEM is readying an adjacent building for cabin completion work. The completion facility is in a former service center currently being used for flight-test operations. Gulfstream expects all G650 assembly and outfitting to be done at the main Savannah plant.
U.S-based charter operator Universal Jet (Stand E140) has come to MEBA looking to advance its plans to expand operations in the Middle East. According to president Michael McCauley, the company already makes frequent flights into this region but it would like to find a local partner with which to establish a more permanent presence. His long-term plan is to forge alliances with holders air operators certificates all over the world.