U.S. Air Force Again Selects Gulfstream for Fleet Support

Rhea-AI Summary

Gulfstream Aerospace, a General Dynamics unit, has secured a $991 million contractor logistics support services contract from the U.S. Air Force Life Cycle Management Center for C-20 and C-37 fleets. The seven-year contract covers maintenance, component overhaul, repair, and modification services for multiple military branches including the Air Force, Navy, Marine Corps, Army, and Coast Guard. Work will be performed at various military bases across the U.S. and Germany. Gulfstream has delivered over 200 special missions aircraft to more than 40 countries, including all U.S. military branches.

Positive

• Secured significant $991 million military contract
• Seven-year contract duration providing stable revenue stream
• Contract covers multiple military branches, expanding customer base
• Strong track record with over 200 special missions aircraft delivered

Negative

• None.

Gulfstream Special Missions Awarded Significant Contract to Service U.S. Military Aircraft

SAVANNAH, Ga., Nov. 22, 2024 /PRNewswire/ -- Gulfstream Aerospace Corp., a business unit of General Dynamics (NYSE: GD), has been awarded a contractor logistics support services (CLS) contract from the U.S. Air Force Life Cycle Management Center for C-20 and C-37 fleets. This contract extends over a seven-year period and provides services to the U.S. Air Force, U.S. Navy, U.S. Marine Corps, U.S. Army and U.S. Coast Guard.

"For nearly 60 years, Gulfstream has been a trusted partner to governments and military organizations worldwide, and we are honored that the U.S. Air Force has once again selected our company to support the U.S. military's fleet," said Mark Burns, president, Gulfstream. "This demonstrates the strength of our world-class Customer Support network and its ability to support all of our customers' missions. Gulfstream's Special Missions business delivers cutting-edge aircraft expertly engineered for a wide range of critical operations and is currently experiencing unprecedented activity with customers around the world."

The latest CLS contract is valued at $991 million and includes a wide variety of support such as global maintenance, component overhaul, repair and modification services. Gulfstream Customer Support will perform the work at Joint Base Andrews, Maryland; Joint Base Pearl Harbor-Hickam, Hawaii; Ramstein Air Base, Germany; Marine Corps Base Hawaii, Kaneohe Bay; and Naval Base Ventura County, California.

To date, Gulfstream has delivered more than 200 special missions aircraft to over 40 countries, including all branches of the U.S. military and key U.S. government agencies.

NOTE TO EDITORS

Inspired by the belief that aviation could fuel business growth, Gulfstream Aerospace Corp. invented the first purpose-built business aircraft, the Gulfstream I, which first flew in 1958. Today, more than 3,200 aircraft are in service around the world. Together with parent company General Dynamics, Gulfstream consistently invests in the future, dedicating resources to researching and developing innovative new aircraft, technologies and services. With a fleet that includes the super-midsize Gulfstream G280, the record-setting Gulfstream G650 and Gulfstream G650ER, and a next-generation family of aircraft including the category-leading Gulfstream G400, the award-winning Gulfstream G500 and Gulfstream G600, the ultralarge-cabin Gulfstream G700 and the ultralong-range Gulfstream G800, Gulfstream offers an aircraft for every mission. All are backed by the worldwide Gulfstream Customer Support network. Learn more at gulfstream.com.

Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $42.3 billion in revenue in 2023. More information is available at www.gd.com.

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SOURCE Gulfstream Aerospace Corp.

FAQ

What is the value of Gulfstream's new U.S. Air Force contract (GD)?

The contract is valued at $991 million for contractor logistics support services.

How long is Gulfstream's new military fleet support contract (GD)?

The contract extends over a seven-year period.

Which military branches will Gulfstream (GD) service under the new contract?

Gulfstream will service the U.S. Air Force, Navy, Marine Corps, Army, and Coast Guard fleets.

How many special missions aircraft has Gulfstream (GD) delivered to date?

Gulfstream has delivered more than 200 special missions aircraft to over 40 countries.