Gulfstream wins $206 million order

Gulfstream Aerospace Corporation has been awarded a contract with a potential value of up to $206 million to supply and support three Gulfstream V business jet aircraft to the Israeli Ministry of Defence.

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics, has been awarded a contract with a potential value of up to $206 million to supply and support three Gulfstream V business jet aircraft to the Israeli Ministry of Defence for use as Special Electronic Mission Aircraft.

The contract is said to include a firm, fixed-price agreement valued at $174 million, with an option for a second 10-year customer logistic support program valued at $32 million.

Following manufacture at the Gulfstream facility, as well as required interior and exterior modifications, mission equipment installation and system integration will take place in Israel.

The sale to Israel of the three Gulfstream V aircraft is conditional on meeting all required United States government approvals.

‘This announcement follows the recent selection of the Gulfstream V aircraft by the Japanese Coast Guard for surveillance and search and rescue missions,’ said Buddy Sams, Gulfstream senior vice president, government sales and marketing.