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

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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.

Gulfstream Aerospace, unità di General Dynamics, ha ottenuto un contratto per servizi di supporto logistico ai contractor del valore di 991 milioni di dollari dal U.S. Air Force Life Cycle Management Center per le flotte C-20 e C-37. Il contratto di sette anni comprende servizi di manutenzione, revisione dei componenti, riparazione e modifica per diversi rami militari, tra cui Aeronautica, Marina, Corpo dei Marines, Esercito e Guardia Costiera. Il lavoro sarà eseguito in diverse basi militari negli Stati Uniti e in Germania. Gulfstream ha consegnato oltre 200 aerei per missioni speciali a più di 40 paesi, inclusi tutti i rami militari statunitensi.

Gulfstream Aerospace, una unidad de General Dynamics, ha asegurado un contrato de servicios de soporte logístico contratado por 991 millones de dólares del Centro de Gestión del Ciclo de Vida de la Fuerza Aérea de EE. UU. para las flotas C-20 y C-37. El contrato de siete años cubre servicios de mantenimiento, revisión de componentes, reparación y modificación para múltiples ramas militares, incluyendo la Fuerza Aérea, la Armada, el Cuerpo de Marines, el Ejército y la Guardia Costera. El trabajo se llevará a cabo en diversas bases militares en EE. UU. y Alemania. Gulfstream ha entregado más de 200 aeronaves para misiones especiales a más de 40 países, incluidos todos los ramos militares de EE. UU.

걸프스트림 항공은 제너럴 다이나믹스의 자회사로, 미국 공군 생애주기 관리 센터로부터 C-20 및 C-37 함대를 위한 9억 9천 1백만 달러 규모의 계약 물류 지원 서비스를 확보했습니다. 이 7년 계약은 공군, 해군, 해병대, 육군 및 해안경비대 등 여러 군사 지부를 위한 유지보수, 부품 정비, 수리 및 개조 서비스를 포함합니다. 작업은 미국과 독일의 여러 군 기지에서 수행됩니다. 걸프스트림은 40개국 이상에 200대 이상의 특별 임무 항공기를 납품했습니다. 여기에는 모든 미국 군사 지부가 포함됩니다.

Gulfstream Aerospace, une unité de General Dynamics, a obtenu un contrat de services de soutien logistique d'un montant de 991 millions de dollars du Centre de gestion du cycle de vie de l'Air Force américaine pour les flottes C-20 et C-37. Le contrat de sept ans couvre des services de maintenance, de révision des composants, de réparation et de modification pour plusieurs branches militaires, notamment l’armée de l'air, la marine, le corps des Marines, l’armée de terre et la garde côtière. Le travail sera effectuée dans diverses bases militaires à travers les États-Unis et en Allemagne. Gulfstream a livré plus de 200 avions de mission spéciale à plus de 40 pays, y compris toutes les branches militaires américaines.

Gulfstream Aerospace, eine Einheit von General Dynamics, hat einen Vertrag über 991 Millionen Dollar für Logistikunterstützungsleistungen von dem U.S. Air Force Life Cycle Management Center für die Flotten C-20 und C-37 erhalten. Der siebenjährige Vertrag umfasst Wartungs-, Komponentenüberholungs-, Reparatur- und Modifizierungsdienstleistungen für mehrere Militärzweige, einschließlich der Luftwaffe, Marine, Marine Corps, Armee und Küstenwache. Die Arbeiten werden an verschiedenen Militärstützpunkten in den USA und Deutschland durchgeführt. Gulfstream hat über 200 Spezialmissionen Flugzeuge an mehr als 40 Länder geliefert, einschließlich aller US-Militärzweige.

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.

Insights

This $991 million logistics support contract represents a significant win for Gulfstream and reinforces its position in military aviation services. The 7-year deal spans all U.S. military branches, providing essential maintenance and support for the C-20 and C-37 fleets.

The contract's value and scope demonstrate strong revenue visibility and deepens Gulfstream's relationship with key military customers. With over 200 special missions aircraft delivered globally, this agreement strengthens the company's recurring revenue stream and maintains its competitive advantage in the government sector.

The extensive support network across multiple strategic locations, including bases in Maryland, Hawaii, Germany and California, positions Gulfstream well for potential future military contracts. This deal contributes meaningfully to General Dynamics' aerospace segment and provides stable, long-term cash flows.

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/us-air-force-again-selects-gulfstream-for-fleet-support-302314414.html

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.

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