Gulfstream Aerospace

Gulfstream Aerospace Corporation is an American aircraft company and a subsidiary of General Dynamics. It designs, develops, manufactures, markets and services business jet aircraft and has built more than 2,000 aircraft since 1958. The company grew out of Grumman, which developed the twin turboprop Gulfstream I as the first aircraft designed for business travel and then the jet-powered Gulfstream II, and which moved its civil aircraft work to Savannah, Georgia, in 1966. The business was sold to American Jet Industries in 1978, renamed Gulfstream American and then Gulfstream Aerospace Corporation in 1982, bought by Chrysler in 1985, repurchased in 1989 with the private equity firm Forstmann Little, and acquired by General Dynamics in 1999. Its Gulfstream V of 1995 was the first ultra long range business jet, and its developers won the Collier Trophy in 1997 and again for the G550 in 2003.