This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Gulfstream Begins Delivering Outfitted G650 Aircraft

Stocks in this article: GD









SAVANNAH, Ga., Dec. 20, 2012 /PRNewswire/ -- Gulfstream Aerospace Corp. today delivered its first fully outfitted ultra-large-cabin, ultra-long-range Gulfstream G650 aircraft. The first aircraft was delivered to a U.S. customer. Gulfstream Aerospace Corp. is a wholly owned subsidiary of General Dynamics (NYSE:GD).

"We're extremely proud of this aircraft and the work that's been done by the G650 design, build and supplier teams," said Larry Flynn, president, Gulfstream. "The first delivery of an aircraft is always an auspicious occasion and this one is especially so. This delivery represents the beginning of a new era in aircraft design and manufacturing in terms of quality, capabilities, reliability, parts availability and maintenance activities.

"We're thrilled to see the first G650 leave our hangar for a customer's. Soon the G650 will be a common sight at airports around the world," Flynn said.

Jay L. Johnson, chairman and chief executive officer of Gulfstream's parent corporation, General Dynamics, said, "The G650 sets a new world standard for business-jet performance, range, speed and comfort.  I am very proud of the Gulfstream team.  They have done a superb job in designing and manufacturing an aircraft that is already the envy of the global market."

Gulfstream recently announced enhanced performance characteristics for the G650, including more range. The G650 can now travel 6,000 nautical miles (11,112 km) at its high-speed cruise of Mach 0.90. This is a 1,000-nm (1,852-km) increase over the original target of 5,000 nm (9,260 km). The additional capability makes city pairs such as Tokyo to New York, New York to Dubai, Shanghai to London and Moscow to Los Angeles possible at speeds faster than any other business jet.

The G650's takeoff balanced field length decreased to 5,858 feet (1,786 m) from the original 6,000 feet (1,829 m) at the aircraft's maximum takeoff weight of 99,600 pounds (45,179 kg). This improvement allows the G650 to fly farther from demanding, short runways.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs