Gulfstream Aerospace Corp. 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,” company officials said today. The growth is expected to result in 1,000 additional jobs, an increase of more than 15% from current Savannah employment 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.”
In the presence of state and local dignitaries, including Gov. Sonny Perdue, Gulfstream’s Savannah employees learned that the expansion would include building new facilities at the northwest quadrant of the Savannah/Hilton Head International Airport, renovating several existing facilities on the main campus off Gulfstream Road and expanding office and lab facilities at the Gulfstream Research Development Center in Crossroads Business Park.
New hires are expected to include production specialists, engineers, and support technicians.
“The effect this initiative will have is very simple,” Lombardo said. “It’s jobs for ‘G-A.’ That means good, high-tech jobs for Georgia. Jobs for Gulfstream Aerospace. And jobs for general aviation, a vital aspect of this nation’s industrial base.”
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.
Gulfstream announced a $300 million expansion of its Savannah facility in March 2006 and later increased it to $400 million. That expansion was completed in 2009 and included the development of the largest general aviation aircraft maintenance facility in the world; the Nicholas D. Chabraja Manufacturing Facility for the assembly of the ultra-large-cabin, ultra-long-range Gulfstream G650; a state-of-the-art, three-bay final phase paint facility; and a 300,000-square-foot Research and Development Center. In addition, Gulfstream met its commitment to hire 1,100 new employees as part of that expansion.
For more information: Gulfstream.com
