• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

General Dynamics unveils two Gulfstream business jets

October 5, 2021 by David Barret Leave a Comment

October 5, 2021

(Reuters) -Aerospace and defense firm General Dynamics Corp has launched two new Gulfstream aircraft, as it looks to tap a rebound in demand for business jets after the pandemic shrunk orders.

The company, which introduced the jets on Monday, described the Gulfstream G800 as the longest-range aircraft in the Gulfstream fleet and the Gulfstream G400 as the first new entrant to the large-cabin class in over a decade.

“The G400 and G800 announced last night flesh out Gulfstream’s upper-end product line … Risks and R&D look moderate as both are derivatives,” Cowen analyst Cai von Rumohr said on Tuesday.

He said the G400 is positioned to beat Bombardier Inc’s Challenger 650, and given it is at a price point where Gulfstream has no products, it should not cannibalize demand for existing Gulfstream models.

The pandemic has fueled demand for private jet travel in the United States, with a shortage of pre-owned business jets and demand from wealthy travelers to fly with fewer people underpinning prices and filling order books for new corporate aircraft.

Gulfstream, which engages in business jet services, however, continues to be hit by pandemic-related shutdowns and shortages. In the second quarter this year, the company delivered only 21 jets, compared with 32 a year earlier.

General Dynamics said it expects to start customer deliveries of the G800 in 2023, while deliveries of the G400 are estimated to begin in 2025.

Business jet maker Bombardier last week announced an order worth $534 million for 20 units of an upgraded variant of its Challenger 350 aircraft. The jet is expected to enter service in the second half of 2022.

(Reporting by Jahnavi Nidumolu and Sanjana Shivdas in Bengaluru; Editing by Krishna Chandra Eluri and Maju Samuel)

Source Link General Dynamics unveils two Gulfstream business jets

David Barret
David Barret

Related posts:

  1. Mexican president’s legal counsel steps down, ally to step in
  2. The best PlayStation Classic prices and sales for September 2021
  3. Adobe jumps into e-commerce payments business in challenge to Shopify
  4. Investors with $4 trln assets aim to tackle Asian firms on climate change goals

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Constipated? This One Fruit Could Help, Says First-Ever Evidence-Led Diet Guidance
  • NGC 2775: This Galaxy Breaks The Rules Of “Galactic Evolution” And Baffles Astronomers
  • Meet The “Four-Eyed” Hirola, The World’s Most Endangered Antelope With Fewer Than 500 Left
  • The Bizarre 1997 Experiment That Made A Frog Levitate
  • There’s A Very Good Reason Why October 1582 On Your Phone Is Missing 10 Days
  • Skynet-1A: Military Spacecraft Launched 56 Years Ago Has Been Moved By Persons Unknown
  • There’s A Simple Solution To Helping Avoid Erectile Dysfunction (But You’re Not Going To Like It)
  • Interstellar Object 3I/ATLAS May Be 10 Billion Years Old, This Rare Spider Is Half-Female, Half-Male Split Down The Middle, And Much More This Week
  • Why Do Trains Not Have Seatbelts? It’s Probably Not What You Think
  • World’s Driest Hot Desert Just Burst Into A Rare And Fleeting Desert Bloom
  • Theoretical Dark Matter Infernos Could Melt The Earth’s Core, Turning It Liquid
  • North America’s Largest Mammal Once Numbered 60 Million – Then Humans Nearly Drove It To Extinction
  • North America’s Largest Ever Land Animal Was A 21-Meter-Long Titan
  • A Two-Headed Fossil, 50/50 Spider, And World-First Butt Drag
  • Interstellar Comet 3I/ATLAS Is Losing Buckets Of Water Every Second – And It’s Got Cyanide
  • “A Historic Shift”: Renewables Generated More Power Than Coal Globally For First Time
  • The World’s Oldest Known Snake In Captivity Became A Mom At 62 – No Dad Required
  • Biggest Ocean Current On Earth Is Set To Shift, Spelling Huge Changes For Ecosystems
  • Why Are The Continents All Bunched Up On One Side Of The Planet?
  • Why Can’t We Reach Absolute Zero?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version