General Dynamics reported third-quarter earnings yesterday, and chairman and CEO Jay Johnson said the company’s aerospace group–Gulfstream Aerospace and Jet Aviation–saw “continued emerging market customer interest and improved aircraft service volume” in the quarter.
Gulfstream parent company General Dynamics announced last month that Larry Flynn will succeed Joe Lombardo as president of the Savannah-based airframer, starting September 1.
Gulfstream parent company General Dynamics announced today that Larry Flynn will succeed Joe Lombardo as president of the Savannah-based airframer starting September 1. Lombardo served not only as president of the jet maker since 2007 but also as executive vice president of General Dynamics’s aerospace group, and he will retain the latter title. “This will enable Mr.
“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.
Jet Aviation announced last month that Peter Edwards has resigned as president of the company. The General Dynamics subsidiary said Edwards will assist in the transition to new leadership before his departure at the end of August.
Gulfstream Aerospace resumed flying the G650 on Saturday, nearly two months after suspending the flight-test program following an April 2 fatal accident involving G650 S/N 6002. Senior experimental test pilots Jake Howard and Tom Horne flew S/N 6001 on a one hour, 39 minute flight that originated and terminated at Savannah (Ga.) International Airport.
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
General Dynamics Aerospace Group ended 2010 with encouraging numbers that Jay Johnson, chairman and CEO of parent company General Dynamics, believes will carry the Savannah-based OEM through 2011.
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.