Gulfstream Aerospace parent General Dynamics late last month 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.
Completion and refurbishment centers are in a constant search for more efficient ways to work. And now growing in favor, despite mixed reviews in the past, is the idea of a modular cabin in kit form, ready for installation.
Last year, things were bad for the completion and refurbishment industry as companies were feeling the effects of the economic recession. Even so, there was an attempt by many to put a positive face on the future. With the perspective now of 20/20 hindsight, a more accurate forecast would have been, “things are never so bad that they can’t get worse.”
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.
In a project that adds more than 45,000 sq ft to its Love Field facility, General Dynamics Aviation Services is expanding its Dallas Service Center by leasing a hangar from Signature Flight Support. Terms of the agreement were not disclosed.
Just over a year after completing its biggest acquisition to date, Meggitt group has, according to chief executive Terry Twigger, made significant strides in its ongoing goal of achieving meaningful synergies between a diverse product range spread among its three core divisions: sensing systems, aerospace equipment and defense systems.
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.
Executive Jet Management, a NetJets company (part of Warren Buffett’s Berkshire Hathaway empire), celebrated another milestone at NBAA 2002 by announcing the addition of the 100th aircraft, a Gulfstream IV-SP owned by Charles Cohen of Design Professionals. EJM president and CEO Albert Pod emphasized, however, that this isn’t the end of its charter fleet expansion–by a long shot.
Gulfstream Aerospace is developing a derivative midsize business jet based on the former Astra SPX and–in a Herculean effort to transform its product line in the minds of customers, suppliers and company personnel alike–is revising the nomenclature, options and mission profiles of its current business jet offerings, the company revealed at the Marriott World Center Hotel on Sunday night and further elaborated at an NBAA Convention press confer