Gulfstream Aerospace and sister company Jet Aviation “will return to growth this year,” according to Jay Johnson, chairman and CEO of parent company General Dynamics. Speaking at the Sanford C.
Gulfstream – G650
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.
Gulfstream is on track to fulfill business aviation’s need for speed with its new G650 jet reaching its top operating speed of Mach 0.925 during a test flight on Sunday.
The large-cabin aircraft is on track to enter service as the world’s fastest in-production civil aircraft, overtaking the Cessna Citation X and perhaps heading off the challenge posed by planned supersonic business jets.
The first Gulfstream G650, S/N 6001, yesterday reached its top operating speed of Mach 0.925 during a test flight from the company’s headquarters in Savannah, Ga. When certified, the G650 will become the fastest transport-category aircraft in service, a spot currently held by the Mach 0.92 Cessna Citation X.
9:00 5-1-2010The end of 2009 just may have signaled the low point of the recession. But before anyone breaks out the champagne, take note of the fact that this year hasn’t started out with a bang so much as a deep breath and hopeful sigh of relief.
The recession has caused the cancellation of some business aircraft programs and the slowdown in the development of others. Gulfstream, on the other hand, made the strategic decision to stay on course in its development of its new super-midsize G250 and long-range, large-cabin G650.
With two new aircraft programs fast approaching the marketplace Gulfstream Aerospace is challenging Bombardier’s recent dominance as arguably the leading innovator for new jet designs. But this is no more than a case of imitation being the sincerest form of flattery, as far as Bombardier Aerospace Business Aircraft president Steve Ridolfi is concerned.
AIN has learned that Gulfstream Aerospace is working on new designs that may leverage elements of the new G650. One source speculated that a shorter G650 fuselage with new engines could provide a modern replacement for the G450/G550. Another source said that engine manufacturers Pratt & Whitney and GE are proposing new engines for Gulfstream’s next jet program.