Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Gulfstream Aerospace GAC -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan Cleveland who wrote (113)	3/10/1998 11:30:00 AM
From: Carmine Cammarosano	Respond to of 197

SAVANNAH, Ga.--(BUSINESS WIRE)--March 10, 1998-- Gulfstream Aerospace Corporation(NYSE:GAC - news) today announced that Kuwait Airways has purchased three Gulfstream V aircraft to provide special capabilities to senior Government of Kuwait officials including worldwide airlift and unprecedented ultra-long range medical evacuation capabilities. The order is valued at approximately $115 million with aircraft deliveries scheduled by the end of 1999. Kuwait Airways and Gulfstream have enjoyed a relationship that spans nearly two decades and includes past purchases of Gulfstream II, Gulfstream III and Gulfstream IV aircraft. The selection of the Gulfstream V aircraft was made after an extensive, two-year study of all aircraft in this category. Kuwait Airlines' selection committee made its purchases based on an examination of the performance, cost, maintenance requirements and worldwide support capabilities of the Gulfstream V versus its competitors.