Founded in 1958, Gulfstream Aerospace Corporation,a world renowed manufacturer of personal jets is a wholly owned subsidiary of General Dynamics.The company has produced more than 1,500 aircraft for corporate, government, private and military customers around the world. The company’s flagship products -- the Gulfstream G150, the Gulfstream G200, the Gulfstream G350, the Gulfstream G450, the Gulfstream G500, and the Gulfstream G550 -- are the world’s most technologically advanced business jet aircraft.In 1978, Grumman sold Gulfstream to Allen E. Paulson's American Jet Industries, renaming the company Grumman American. The purchase of Rockwell's Aero Commander program completed the formation of the new Gulfstream Aerospace.In 1985, Chrysler acquired Gulfstream with Paulson remaining in charge but a few years later Paulson teamed up with Ted Forstmann and his associates to buy the company back.
In 1997, Gulfstream introduced the Gulfstream V, dubbed as the world’s first ultra-long-range business jet.Gulfstream V,Powered by two Rolls-Royce BR710 turbofan engines,with a range of 6,500 nautical miles,is the first civil aviation aircraft to be equipped with the FAA-certified Gulfstream Enhanced Vision System™ (EVS). In February 1998, Gulfstream and the GV Industry Team were awarded the prestigious 1997 Robert J. Collier Trophy by the National Aeronautic Association.Gulfstream's main facility is located in Savannah, Georgia, United States.The success of the Gulfstream I program lead to development of the bizjet Grumman Gulfstream II.
In 1999, General Dynamics acquired Gulfstream from Forstmann Little and, in 2001, acquired Galaxy Aerospace from Israeli Aircraft Industries (IAI). Their production lines, located in Israel, are used to co-produce the G150 and G200, formerly sold independently by Galaxy.
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