New Gulfstream Factory Won't Initially Ease Backlogs

AINalerts » October 19, 2006
November 15, 2006, 11:04 AM

Apparently the new and expanded manufacturing facilities currently under construction at Gulfstream's Savannah, Ga. headquarters won't immediately provide needed capacity to increase production of current models. Speaking at yesterday's conference call to the financial community, Nicholas Chabraja, chairman and CEO of Gulfstream parent company General Dynamics, said, "We will have a new factory in place at the end of 2008. It will begin operating in late 2008 or early 2009, with its first mission to build a prototype for a next-generation aircraft, then begin producing that aircraft subsequently. It will not provide relief for the current aircraft." Chabraja said, "We will just have to work on [increasing] our capacity efficiently by improving our processes and helping our suppliers improve theirs." As for any details about the next-generation Gulfstream model he referred to, Chabraja was blunt: "I have no further interest in saying anything about that." Gulfstream announced in March a $300 million, seven-year expansion of its manufacturing and service facilities in Savannah.

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