Home > Boards > US Listed > Miscellaneous > General Dynamics Corp. (GD)

Gulfstream Officially Acquires NORDAM G500 And G600 Nacelle Line

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
ProfitScout Member Profile
 
Followed By 115
Posts 12,251
Boards Moderated 12
Alias Born 04/03/02
160x600 placeholder
General Dynamics Unit Gets $276.5 Million Benefits Contract Dow Jones News - 6/21/2019 11:17:00 AM
General Dynamics Awarded CMS Benefits Coordination & Recovery Center Contract PR Newswire (US) - 6/21/2019 10:30:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/19/2019 4:52:58 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/19/2019 4:46:37 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/19/2019 4:42:09 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/19/2019 4:36:12 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/19/2019 4:30:07 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/19/2019 4:23:31 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/19/2019 4:06:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/19/2019 3:44:40 PM
General Dynamics NASSCO to Christen and Launch Largest Containership Built in San Diego PR Newswire (US) - 6/14/2019 12:00:00 PM
Annual Report of Employee Stock Plans (11-k) Edgar (US Regulatory) - 6/14/2019 9:42:41 AM
Annual Report of Employee Stock Plans (11-k) Edgar (US Regulatory) - 6/14/2019 9:39:11 AM
Annual Report of Employee Stock Plans (11-k) Edgar (US Regulatory) - 6/14/2019 9:35:16 AM
Annual Report of Employee Stock Plans (11-k) Edgar (US Regulatory) - 6/14/2019 9:31:15 AM
Annual Report of Employee Stock Plans (11-k) Edgar (US Regulatory) - 6/14/2019 9:27:34 AM
Annual Report of Employee Stock Plans (11-k) Edgar (US Regulatory) - 6/14/2019 9:21:37 AM
Award-Winning Gulfstream G600 To Make International Paris Air Show Debut PR Newswire (US) - 6/12/2019 11:30:00 AM
Defense Firms Face Shifting Priorities -- WSJ Dow Jones News - 6/12/2019 3:02:00 AM
Defense Consolidation Continues as Spending Priorities Shift Dow Jones News - 6/11/2019 5:59:00 AM
Gulfstream Lands International Yacht & Aviation Awards PR Newswire (US) - 6/6/2019 2:54:00 PM
General Dynamics Board Declares Dividend PR Newswire (US) - 6/5/2019 2:00:00 PM
Specialized Disclosure Report (sd) Edgar (US Regulatory) - 5/31/2019 11:33:46 AM
General Dynamics Unit Gets AI Contract from US Dept. of Health and Human Services Dow Jones News - 5/30/2019 3:38:00 PM
HHS Awards General Dynamics Artificial Intelligence Contract PR Newswire (US) - 5/30/2019 2:30:00 PM
ProfitScout   Monday, 10/01/18 03:34:41 PM
Re: ProfitScout post# 264
Post # of 319 
Gulfstream Officially Acquires NORDAM G500 And G600 Nacelle Line
Company Will Continue To Operate Line At Oklahoma Facility


SAVANNAH, Ga., Oct. 1, 2018 /PRNewswire/ -- Gulfstream Aerospace Corp. today announced that it has acquired The NORDAM Group Inc. manufacturing line that produces nacelles for the Gulfstream G500 and Gulfstream G600.

Gulfstream had been operating the Tulsa, Oklahoma-based line since early September as part of an agreement with NORDAM to address its July bankruptcy filing. NORDAM had been producing the nacelles for Gulfstream's G500 and G600 engine supplier, Pratt & Whitney Canada.

NORDAM filed an agreement in a Delaware bankruptcy court in September that allowed Gulfstream to restart the manufacturing program and provided for the eventual transfer of the program's assets to the Savannah-based business-jet manufacturer. A U.S. bankruptcy judge approved the transfer Sept. 26, allowing Gulfstream to complete the acquisition. Further details of the agreement will not be disclosed.

"Gulfstream has a 60-year history of manufacturing and product excellence that will serve our customers well as we assume responsibility for nacelle production," said Mark Burns, president, Gulfstream. "The manufacturing of this component is firmly in our wheelhouse, especially since we also manufacture the wings and empennages for these aircraft."

The G500 earned its type and production certificates from the U.S. Federal Aviation Administration (FAA) on July 20. The aircraft features Pratt & Whitney Canada's PW814GA engine, while the G600 has the PW815GA engine. Both the engines and nacelles have FAA and Transport Canada certification.

Gulfstream delivered the first G500 aircraft Sept. 27. The G600 is progressing toward certification this year and customer deliveries in 2019.

NOTE TO EDITORS

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 more than 2,800 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 Gulfstream G280™, the Gulfstream G550™, the Gulfstream G500™, the Gulfstream G600™, the Gulfstream G650™ and the Gulfstream G650ER™. We invite you to visit our website for more information and photos at http://www.gulfstreamnews.com.

More information about General Dynamics is available at http://www.generaldynamics.com.

https://mma.prnewswire.com/media/81320/general_dynamics_logo.jpg

https://c212.net/c/img/favicon.png?sn=PH24553&sd=2018-10-01 View original content to download multimedia:http://www.prnewswire.com/news-releases/gulfstream-officially-acquires-nordam-g500-and-g600-nacelle-line-300722098.html

SOURCE Gulfstream

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist