Stephanie Snyder, vice president of marketing and communications at Gulfstream Aerospace, resigned unexpectedly last month. She had been with the Savannah, Ga. manufacturer for more than six years. Snyder also served as an executive assistant to former Gulfstream president Bill Boisture, who left the company abruptly in April, to be replaced by then vice chairman Bryan Moss (AIN, May, page 1).
Gulfstream Aerospace parent General Dynamics yesterday reported a 25-percent increase in profits during the second quarter, thanks in large part to climbing sales of Gulfstream business jets. The company posted a second-quarter profit of $641 million, up from $513 million in the same period a year ago, on sales of $7.3 billion.
The 200th Gulfstream G200 rolled out June 4 at Israel Aerospace Industries’ (IAI) manufacturing plant at Ben Gurion International Airport in Tel Aviv. “This is a historic moment for Gulfstream and IAI,” said Gulfstream Aerospace president Joe Lombardo.
Gulfstream Aerospace has announced it is extending the same benefits package to previously owned Gulfstream 100 and Gulfstream 200 jets that it has traditionally offered on the sale of other previously owned Gulfstream business jets. Gulfstream Aerospace acquired the type certificates for the G100 and G200–midsize and super-midsize bizjets, respectively–in the June acquisition of Galaxy Aerospace by parent company General Dynamics.
Amid much fanfare, the 200th Gulfstream G200 rolled out yesterday at Israel Aerospace Industries’ (IAI) manufacturing plant at Ben Gurion International Airport in Tel Aviv. “This is a historic moment for Gulfstream and IAI,” said Gulfstream Aerospace president Joe Lombardo.
Gulfstream Aerospace is the first aircraft manufacturer to receive FAA Organizational Designation Authorization (ODA), which allows the company to act on the agency’s behalf to examine initial phase manufacturing of its own aircraft designs, production quality and airworthiness in Savannah, Ga.
Gulfstream Aerospace plans to cut about 480 people from its workforce of 8,000, citing a drop in business jet orders in response to the slowing economy. The Savannah, Ga.-based manufacturer laid off 200 employees last fall. Gulfstream, a subsidiary of General Dynamics, also revealed it will cut back production of GIV-SPs and GVs by 11 to 15 percent, or about eight to 10 aircraft this year.
Following a special ceremony planned for December 3 marking the end of production of the Gulfstream IV series at the 500th aircraft, the popular business jet will henceforth be known by two new names–the new large-cabin, long-range Gulfstream G400 and the large-cabin, mid-range Gulfstream G300. The Savannah, Ga.
Aerospace Technologies Group of West Palm Beach, Fla., has been selected by Gulfstream Aerospace as the preferred supplier of aircraft window shade systems for the Savannah, Ga. business jet manufacturer’s new Gulfstream V-SP. Under the agreement, Aerospace Technologies’ Powertech Shade System will be factory-standard equipment on the GV.
Sales of Gulfstream business jets in the first quarter increased 17 percent year-over-year, Nicholas Chabraja, chairman and CEO of parent company General Dynamics, said during an April 23 investor conference call. Backlog at the Savannah, Ga. aircraft manufacturer climbed $200 million in the quarter, and that includes only sales of in-production aircraft.