Gulfstream Expanding Its Savannah Site
Employment Projected to Grow By 1,000
SAVANNAH, Ga., Nov. 15, 2010
SAVANNAH, Ga., Nov. 15, 2010 /PRNewswire-FirstCall/ -- Gulfstream Aerospace Corp. today announced that it will expand its Savannah facilities through a $500-million, seven-year plan to ensure that the company is well-positioned to meet future demand for business-jet aircraft and support services. The growth is expected to result in 1,000 additional Gulfstream jobs, an increase of more than 15 percent from Gulfstream's current Savannah employment level of approximately 5,500 employees.
"With our own sales trends and market forecasts suggesting an upturn over the next decade, we want to ensure Gulfstream is well-positioned to meet the demand in terms of products and services," said Joe Lombardo, president, Gulfstream. "We are already beginning to see signs of a modest recovery. In the third quarter of 2010, we booked more orders than we had in any quarter since the downturn began in mid-2008. Furthermore, as flying hours have increased, Gulfstream service centers have enjoyed a significant increase in service volume."
"This expansion is necessary to meet the projected increase for new business-jet aircraft and the maintenance that will follow," Lombardo said.
In the presence of state and local dignitaries, including Gov. Sonny Perdue, Gulfstream's Savannah employees learned that the expansion would include building new facilities at the northwest quadrant of the Savannah/Hilton Head International Airport, renovating several existing facilities on the main campus off Gulfstream Road and expanding office and lab facilities at the Gulfstream Research Development Center in Crossroads Business Park.
During the event, Gov. Perdue said, "Gulfstream is the world standard in business aviation, and we're proud that the company the world looks to for the best business jets is based right here in Georgia." He continued, "The expansion of Gulfstream's facilities will have a major impact on both the state and local economies by creating 1,000 new full-time jobs, not to mention the ripple effects in terms of construction and service workers, as well."
The new positions are expected to include production specialists, engineers, and support technicians.
"The effect this initiative will have is very simple," Lombardo said. "It's jobs for 'G-A.' That means good, high-tech jobs for Georgia. Jobs for Gulfstream Aerospace. And jobs for general aviation, a vital aspect of this nation's industrial base."
First opened in 1967, Gulfstream's Savannah headquarters includes initial-phase manufacturing of five aircraft models: the Gulfstream G650, G550, G500, G450 and G350. The site also includes the largest of the company's five final-phase manufacturing facilities and the largest of Gulfstream's 10 service centers.
Gulfstream announced a $300 million expansion of its Savannah facility in March 2006 and later increased it to $400 million. That expansion was completed in 2009 and included the development of the largest general aviation aircraft maintenance facility in the world; the Nicholas D. Chabraja Manufacturing Facility for the assembly of the ultra-large-cabin, ultra-long-range Gulfstream G650; a state-of-the-art, three-bay final phase paint facility; and a 300,000-square-foot Research and Development Center. In addition, Gulfstream met its commitment to hire 1,100 new employees as part of that expansion.
"While Gulfstream's international presence has grown, we are committed to Georgia and Savannah," Lombardo said. "And we certainly appreciate the efforts of the Georgia Department of Economic Development, the Savannah Economic Development Authority, Chatham County, the city of Savannah and the Savannah/Hilton Head International Airport in supporting this expansion."
Gulfstream will utilize the U.S. Green Building Council (USGBC) Leadership in Engineering and Environmental Design (LEED) program to implement sustainable design and construction elements into its projects. In choosing contractors and subcontractors for the expansion, Gulfstream will continue its existing policy of providing opportunities to regional small, minority-owned, disadvantaged, veteran-owned and service-disabled veteran businesses.
Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE: GD), designs, develops, manufactures, markets, services and supports the world's most technologically advanced business-jet aircraft. Gulfstream has produced some 1,900 aircraft for customers around the world since 1958. To meet the diverse transportation needs of the future, Gulfstream offers a comprehensive fleet of aircraft, comprising the wide-cabin, high-speed Gulfstream G150®; the large-cabin, mid-range Gulfstream G200®; the new large-cabin, mid-range Gulfstream G250®; the large-cabin, mid-range Gulfstream G350®; the large-cabin, long-range G450®; the large-cabin, ultra-long-range Gulfstream G500®; the large-cabin, ultra-long-range Gulfstream G550® and the ultra-large-cabin, ultra-long-range G650®. Gulfstream also offers aircraft ownership services via Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 9,000 people at seven major locations. We invite you to visit our website for more information and photos of Gulfstream aircraft at www.gulfstream.com.
General Dynamics, headquartered in Falls Church, Va., employs approximately 90,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.gd.com.
SOURCE Gulfstream Aerospace Corp.