General Dynamics unveils two Gulfstream business jets

📆 2021-10-05 21:35:00
📰 Reuters

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Aerospace and defense firm General Dynamics Corp has launched two new Gulfstream aircraft, as it looks to tap a rebound in demand for business jets after the pandemic shrunk orders.

The Gulfstream logo is seen during the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitakerhas launched two new Gulfstream aircraft, as it looks to tap a rebound in demand for business jets after the pandemic shrunk orders.

"The G400 and G800 announced last night flesh out Gulfstream's upper-end product line ... Risks and R&D look moderate as both are derivatives," Cowen analyst Cai von Rumohr said on Tuesday.Challenger 650, and given it is at a price point where Gulfstream has no products, it should not cannibalize demand for existing Gulfstream models.

Gulfstream, which engages in business jet services, however, continues to be hit by pandemic-related shutdowns and shortages. In the second quarter this year, the company delivered only 21 jets, compared with 32 a year earlier.

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