Mar 4, 2008 (From Aviation Week)
Gulfstream Aerospace Corp. is expected to announce two new business jet aircraft programs this year, with official word on at least one of those airplanes possible this week.
JP Morgan aerospace analyst Joseph B. Nadol III issued a report in late February stating that Gulfstream “could unveil the G600, a long-range business jet” this month. In response to a question about that report Friday, a Gulfstream spokesman acknowledged that an aircraft announcement is imminent. But he would not provide any details and cautioned that speculation about a G600 designation could be off the mark.
The JP Morgan report predicts that the Savannah, Ga. manufacturer will “introduce two Gulfstream aircraft in '08, and it is possible that the March announcement will be an upgraded G250…in that case we would expect the G600 announcement later in 2008.” The report says few details about the G600 are available, “but we believe it will be a composite, widebody business jet with a range of more than 7,000 [nautical miles],” which would make the G600 “a more formidable competitor to Bombardier’s Global Express.” In addition to offering more range than the current production G550, “the G600 will have a new composite fuselage with a larger cabin,” according to the JP Morgan North America Equity Research document.
The report also states that “Management has emphasized that unlike new offerings from some competitors, the new Gulfstream aircraft will be relatively far along in the development cycle when they are introduced. It is unclear exactly, however, when an aircraft introduced this year will be delivered. Customers must wait four years for a new G550 ordered today; we would not expect it to take longer for initial G600 orders, and we believe it is possible the time to delivery could be shorter as well, in the 2010-11 timeframe.”