Gulfstream Aerospace Corp. (Savannah, Ga., USA) announced on Nov. 15 that it will expand its Savannah facilities through a $500 million, seven-year plan to ensure that the company is well-positioned to meet future demand for business-jet aircraft and support services. The growth is expected to result in 1,000 additional Gulfstream jobs, an increase of more than 15 percent from Gulfstream’s current Savannah employment level of approximately 5,500 employees.
“With our own sales trends and market forecasts suggesting an upturn over the next decade, we want to ensure Gulfstream is well-positioned to meet the demand in terms of products and services,” said Joe Lombardo, president, Gulfstream. “We are already beginning to see signs of a modest recovery. In the third quarter of 2010, we booked more orders than we had in any quarter since the downturn began in mid-2008. Furthermore, as flying hours have increased, Gulfstream service centers have enjoyed a significant increase in service volume.
“This expansion is necessary to meet the projected increase for new business-jet aircraft and the maintenance that will follow,” Lombardo said.
The expansion would include building new facilities at the northwest quadrant of the Savannah/Hilton Head International Airport. The new jobs are expected to include production specialists, engineers, and support technicians.
First opened in 1967, Gulfstream’s Savannah headquarters includes initial-phase manufacturing of five aircraft models: the Gulfstream G650, G550, G500, G450 and G350. The site also includes the largest of the company’s five final-phase manufacturing facilities and the largest of Gulfstream’s 10 service centers.