News Release
GULFSTREAM TO ADD $4.5 MILLION IN SPARE-PARTS INVENTORY TO ITS LUTON SERVICE CENTER
Additional Aircraft Parts Will Support Growing Fleet of Gulfstream Business Jets in Europe and the Middle East
SAVANNAH , Ga. , May 2, 2006 – Gulfstream Aerospace will be adding spare-parts inventory valued at $4.5 million to its Luton , England , Service Center to support the growing fleet of Gulfstream business jets operating in Europe and the Middle East . The additional spares inventory will include spare parts for Gulfstream G200, GIV, GV, G350, G450, G500 and G550 business-jet models.
“Just in the past year, we have seen a significant increase in our sales activity in Europe and the Middle East ,” said Larry Flynn, president, Product Support, Gulfstream. “By increasing the number of spare parts in Luton , we are ensuring that both existing and future Gulfstream aircraft operators in this region receive the parts they need as fast as possible. From Luton , we’ll be able to ship parts overnight to locations throughout Europe and the Middle East .”
Gulfstream will be overseeing the spare-parts distribution process, which is scheduled to begin June 1. Gulfstream’s Luton Service Center currently manages a limited onsite spare parts inventory used by service technicians while performing maintenance at the facility.
“This recent agreement is part of Gulfstream’s ongoing commitment of moving spare parts faster and more efficiently to our customers, regardless of where an aircraft is operated,” Flynn added.
NOTE TO EDITORS
Gulfstream Aerospace Corporation , a wholly owned subsidiary of General Dynamics (NYSE: GD), designs, develops, manufactures, markets, services and supports the world’s most technologically advanced business-jet aircraft. Gulfstream has produced more than 1,500 aircraft for customers around the world since 1958. To meet the diverse transportation needs of the future, Gulfstream offers a comprehensive fleet of aircraft, comprising the wide-cabin, high-speed Gulfstream G150 ™; the large-cabin, mid-range Gulfstream G200 ™; the large-cabin, mid-range Gulfstream G350 ™; the large-cabin, long-range G450 ™; the large-cabin, ultra-long-range Gulfstream G500 ™ and the large-cabin, ultra-long-range Gulfstream G550 ™. Gulfstream also offers aircraft ownership services via Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales ®. The company employs more than 7,900 people at seven major locations. We invite you to visit our Web site for more information and photos of Gulfstream aircraft at www.gulfstream.com.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 72,200 people worldwide and had 2005 revenue of $21.2 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information can be found online at www.generaldynamics.com.
