There’s no doubt that Gulfstream Aerospace has been getting a lot of attention lately. They debuted their brand new G500 model at NBAA last year, as well as continued to break world records for speed in their G650ER model. The attention is well earned, as they are quickly becoming one of the biggest icons in business aviation.
Gulfstream has had their focus on luxurious business aviation aircraft since the beginning. The company began in the late 1950s when Grumman Aircraft Engineering Co., known for their military aircraft production, developed their first business aircraft at the end of World War II. Grumman decided to split their military and civilian aircraft production to increase efficiency. The civilian branch moved to Savannah, Georgia and eventually came to be known as Gulfstream Aerospace. https://www.gulfstream.com/company/history
Their history is full of record-setting firsts in business aviation, beginning with the GII model, which became the first business jet to cross the Atlantic Ocean nonstop in 1968. Their innovation and pursuit of perfection continued as they developed and produced more business jet models, including the GIV featuring civil aviation’s first digital flight-management computers in the cockpit.
According to new market research, the global business-jet market was valued at $20.9 billion in 2013 and is expected to reach $33.8 billion by the end of 2020. https://www.marketsandmarkets.com/PressReleases/business-jet.asp With endless possibilities for innovation on the horizon, the market is sure to hold strong for many years to come. Companies like Beechcraft and Cessna provide steep competition, but Gulfstream has been able to continually stay ahead of the curb and produce quality, desirable aircraft.
It is very likely they will continue their reign as an icon in the business jet world for years to come. The diversity of their fleet, the wonderful craftsmanship of their designs, and the innovation of their technologies are all factors that critics rave about with each new model. Gulfstream truly has a bright future, and an enormously impressive past.
For the current market and trends see https://www.globalair.com/aircraft-for-sale/Private-Jet/Gulfstream-Aerospace