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Gulfstream

US

Gulfstream Aerospace Corporation, a subsidiary of General Dynamics, is an American aircraft company that designs, develops, manufactures, markets, and services business jet aircraft. While primarily focused on business aviation, Gulfstream aircraft are also adapted for special missions, including airborne research platforms used by organizations like NASA and the German Aerospace Center (DLR) for atmospheric research. They have delivered over 200 special missions aircraft to governments and militaries in 40+ countries. Gulfstream's key products include the G280, G400, G500/G600, and G650/G650ER/G700/G800 series, as well as providing maintenance, repair, and overhaul (MRO) services.

commercialFounded 1958
History · 1 eventJul 30, 1999 · General Dynamics acquires Gulfstream Aerospace
Savannah, Georgia, United States
www.gulfstream.com
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Organization history

Identity changes, mergers, acquisitions, splits, and transferred business lines.

1 event

  1. Jul 30, 1999Acquisition

    General Dynamics acquires Gulfstream Aerospace

    Source
    Acquirer
    General Dynamics
    Acquired organization
    Gulfstream

    Scope: Gulfstream (100% transferred)

    Whole-company stock-for-stock merger; Gulfstream continued operating under its own name as a GD subsidiary.

    Event context

    General Dynamics and Gulfstream Aerospace Corporation completed their merger July 30, 1999, in a one-for-one stock swap valued at approximately $4.8 billion (originally announced at ~$5.3 billion on May 17, 1999). Gulfstream became a wholly owned General Dynamics subsidiary and retained its name and Savannah, GA operations, forming the basis of General Dynamics' business-aviation segment. Confirmed via Aviation Week contemporaneous coverage and SEC filings (General Dynamics/Gulfstream Aerospace Corp Form 8-K, 424B1).

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