News Release
GULFSTREAM ESTABLISHES EUROPEAN PARTS DISTRIBUTION CENTER
$40 million parts inventory to be located at Madrid-Based CORJET
SAVANNAH, Ga., May 11, 2009----Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has added a European parts distribution center to its product-support network. The CORJET Europe facility in Madrid, Spain, will serve as a strategic parts distribution facility housing high-usage items commonly required by international Gulfstream customers. The in-theater inventory allows for faster, more cost-effective parts distribution.
The center, located at the Madrid Barajas Airport, currently holds nearly $4 million in Gulfstream parts, which will continue to grow through 2009. Parts from Madrid will support maintenance operations at five satellite service centers and one parts facility located around the world. Those centers include the Gulfstream London-Luton Service Center in London; the MetroJet maintenance facility in Hong Kong; the Jet Aviation maintenance facilities in Dubai, Moscow and Singapore; and the Morro Vermehlo Taxi Aero parts center in Sao Paulo.
Dirk Baber, a 22-year Gulfstream veteran, has moved to the Madrid facility to serve as the on-site Gulfstream materials and warehouse manager. Baber previously worked as the manufacturing engineering group head, Materials and Procurement, Gulfstream. His new appointment represents the first time Gulfstream has placed a materials manager on-site at an authorized parts distribution facility.
Gulfstream also established a team in Savannah dedicated solely to evaluating and replenishing the Madrid-based stock.“Over the past several years, our overseas sales activity has increased dramatically, so this is an ideal partnership for us,” said Mark Burns, president, Product Support, Gulfstream. “In addition to increasing our spare-parts inventory in Europe, we’re using Iberia’s Madrid-based airline to distribute the spares. That means Gulfstream aircraft operators will receive the parts they need when they need them, regardless of where the aircraft is operated.”
CORJET Europe joined the Gulfstream Product Support network as an Authorized Warranty Repair Facility in 2008. The center is now capable of servicing Gulfstream G550, G500, G400, G300, G200, GV, GIV-SP and GIV aircraft.
In addition to basic line maintenance, Gulfstream Authorized Warranty Repair Facilities provide detailed maintenance services, including scheduled maintenance checks and inspections. Maintenance on Gulfstream aircraft in fulfillment of Gulfstream’s manufacturer’s warranties is also performed.
To assist customers at its Authorized Warranty Repair Facility, CORJET Europe has established an Aircraft On Ground (AOG) hotline. Customers requiring assistance can call 34-91-312-3186.
The Madrid maintenance center joins Gulfstream Authorized Warranty Repair facilities in Waterford, Mich.; Hannover, Germany; Geneva, Basel and Altenrhein, Switzerland; Dubai, United Arab Emirates; Tel Aviv, Israel; Hong Kong and Singapore.
CORJET Europe is a joint venture between Iberia Group and Gestair Group, both of which are based in Spain.
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 some 1,800 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 wide-cabin, high-speed Gulfstream G150®; the large-cabin, mid-range Gulfstream G200®; the new large-cabin, mid-range Gulfstream G250®; the large-cabin, mid-range Gulfstream G350®; the large-cabin, long-range G450®; the large-cabin, ultra-long-range Gulfstream G500®; the large-cabin, ultra-long-range Gulfstream G550® and the ultra-large-cabin, ultra-long-range G650®. Gulfstream also offers aircraft ownership services via Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 9,700 people at seven major locations. We invite you to visit our Web site for more information and photos of Gulfstream aircraft at www.gulfstream.com.
General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.gd.com.