Gulfstream Aerospace Corporation has been awarded a 10-year indefinite delivery/indefinite quantity (ID/IQ) contract for the purchase of up to 20 Gulfstream V and Gulfstream V-SP business jet aircraft and associated contractor logistics support.
The first purchase under the program, for a single GV aircraft designated the C-37A by the US Air Force, is valued at $43.4 million. Purchase of 20 aircraft and associated contractor logistic support under the terms of the contract has a potential value of up to $1.6 billion.
The Gulfstream V is said to be the world’s most technologically advanced intercontinental business jet aircraft. Capable of flying 6,500 nautical miles at speeds up to Mach 0.885, with eight passengers and a crew of four, the Gulfstream V cruises at altitudes up to 51,000 feet.
The Gulfstream V entered service in 1997. Since then, a fleet of 140 aircraft has reportedly logged over 120,000 hours in flight, with a dispatch reliability in excess of 99 percent. On March 6, 2002, a Gulfstream V broke the 44-year old speed record between Tokyo’s Narita Airport and Washington’s Dulles International Airport.