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Gulfstream To Expand Research And Development
Gulfstream has announced that they have signed leases to expand their research and development center to accommodate an additional 700 employees and equipment.
The company has signed two leases for nine years each with North Point Real Estate for two buildings next to the existing Gulfstream research and development center.
The buildings are near the Savannah-Hilton Head airport. Financial details of the agreement were not released.
The new buildings are a 108 750 square foot office building and an additional 80 500 square foot building for flexible use.
Both buildings should be ready for the company by the second quarter of 2008.
Gulfstream officials explained that by leasing the buildings they are better able to coordinate and consolidate much of their engineering and research programs under the umbrella of a single facility. The new facility allows for uninterrupted growth of existing research and development programs.
Gulfstream has been researching advanced flight controls, new vision system, and sonic boom suppression technology. The lease agreement includes and option to extend the term of the lease for an additional 9 years after the expiration of the current agreement.
Gulfstream To Expand Research And Development
Gulfstream has announced that they have signed leases to expand their research and development center to accommodate an additional 700 employees and equipment
The company has signed two leases for nine years each with North Point Real Estate for two buildings next to the existing Gulfstream research and development center.
The buildings are near the Savannah-Hilton Head airport. Financial details of the agreement were not released.
The new buildings are a 108 750 square foot office building and an additional 80 500 square foot building for flexible use.
Both buildings should be ready for the company by the second quarter of 2008.
Gulfstream officials explained that by leasing the buildings they are better able to coordinate and consolidate much of their engineering and research programs under the umbrella of a single facility. The new facility allows for uninterrupted growth of existing research and development programs.
Gulfstream has been researching advanced flight controls, new vision system, and sonic boom suppression technology. The lease agreement includes and option to extend the term of the lease for an additional 9 years after the expiration of the current agreement.
About Gulfstream Aerospace Corporation
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 1,600 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 large-cabin, mid-range Gulfstream G350 ®; the large-cabin, long-range G450 ®; the large-cabin, ultra-long-range Gulfstream G500 ® and the large-cabin, ultra-long-range Gulfstream G550 ®. Gulfstream also offers aircraft ownership services via Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales ®.
You can visit the company website for more information and photos of Gulfstream aircraft at www.gulfstream.com
About General Dynamics
General Dynamics, headquartered in Falls Church, Virginia , employs approximately 82,600 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 the company is available online at www.generaldynamics.com
