News Release
GULFSTREAM INCREASES EUROPEAN SPARES INVENTORY
Luton Spare Parts Inventory Quadruples in Four Years
SAVANNAH , Ga. , May 21, 2007 – Over the past four years, Gulfstream Aerospace has quadrupled the size of its spare parts inventory in Europe. The company now maintains more than $12 million in high-turnover spare parts at its Luton, England, service center to support Gulfstream operators based in Europe and transient operators passing though the region.
In April 2003, Gulfstream began operating in Luton after acquiring the BBA Aviation Luton maintenance business that was known as Signature Flight Support. A year later, Gulfstream doubled its Luton hangar space to 56,000 square feet by leasing an adjacent site. In 2006, approximately 1,300 Gulfstream aircraft were serviced at the Luton facility.
“Today, 13 percent of all the world’s business jets are based in Europe,” said Larry Flynn, president, Product Support, Gulfstream. “This is our largest market outside the United States. As such, we have ramped up our spare parts inventory to ensure our European operators as well as transient operators in Europe receive the parts they need, when they need them.”
Currently, four Gulfstream employees manage, track, stock and dispatch next-day shipments of spare parts to customers in Europe. All Gulfstream customers, including those based in Europe , can order parts 24 hours a day, 7 days a week through the company’s worldwide Customer Call Center.
Gulfstream also provides spare parts to its authorized warranty centers in Europe, including Jet Aviation facilities in Hanover, Germany; Basel and Geneva, Switzerland; as well as Altenrhein Aviation in Altenrhein, Switzerland.
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 some 1,600 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 82,600 people worldwide and had 2006 revenues of $24.1 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at www.generaldynamics.com.
