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 Gulfstream logo is seen during the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitakerhas launched two new Gulfstream aircraft, as it looks to tap a rebound in demand for business jets after the pandemic shrunk orders.
"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.Challenger 650, and given it is at a price point where Gulfstream has no products, it should not cannibalize demand for existing Gulfstream models.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Luminosity Entertainment, Gulfstream Pictures Snag Worldwide Rights to Abner Benaim’s ‘Plaza Catedral’ (EXCLUSIVE)Elie Samaha’s Luminosity Entertainment and Mike Karz’s Gulfstream Pictures have snagged the worldwide rights to Abner Benaim’s dramatic thriller, “Plaza Catedral.” The deal, forged by Luminosity pa…
Read more »
Reba McEntire on taking charge of her business after divorce: 'Huge change for me'Reba McEntire opened up about what it was like to start handling her own business ventures after two very dramatic personal losses in 2015.
Read more »
George Floyd statue in NYC defaced for second timeThe recently-unveiled sculpture of George Floyd in Manhattan's Union Square has been vandalized with paint for the second time.
Read more »
Miso-Glazed Salmon With Sushi RiceSeasoning just-cooked rice with a mix of rice vinegar, salt, and sugar turns it into a dynamic side you'll want to snack on right out of the pot.
Read more »
The 3 Stages of Eczema and How to Treat ThemWe talked to five the top dermatologists on how to diagnose, and hopefully heal each stage.
Read more »