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The Latest Breaking News from Gulfstream

Company backed by Caffè Nero and Gulfstream investor secures $70m boost

The new funding will enable the company to advance late-stage development and commercialisation in the US of olorofim

Birmingham Post

Elon Musk Reportedly Wants To Build His Own Airport Outside Austin

Elon Musk Reportedly Wants To Build His Own Airport Outside Austin

Tesla CEO Elon Musk wants to build his own airport just outside of Austin, according to reports.

EuroMillions jackpot rolls over to record £186m as nobody scoops Friday’s top prize

EuroMillions jackpot rolls over to record £186m as nobody scoops Friday’s top prize

If Tuesday's jackpot is claimed by a single player, they would be able to buy 512 Rolls-Royce Phantoms, four Gulfstream G600 private jets or two six-deck superyachts

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US orders seizure of two of Roman Abramovich’s private planes

‘Our work has only just begun,’ says FBI

The Independent UK

U.S. seeks to seize 2 luxury jets linked to Russian oligarch

Federal authorities are moving to seize a $60 million Gulfstream and a $350 million aircraft believed to be one of the world's most expensive private airplanes after linking both aircraft to Russian oligarch Roman Abramovich

The Independent UK

9 Of The Most Expensive Planes In The World: What's Your Style?

Imagine airplane travel without the hassle. Seats with legroom, no person seated in front of you pushing their seat — and the fold-down tray — into your lap, no fights amongst passengers that will inevitably go viral on social media. Now, imagine this: flying on a private plane. (Though there…

General Dynamics Beats Q1 Estimates, Clocks 8% Growth In Aerospace Backlog

General Dynamics Corp (NYSE:GD) reported first-quarter FY22 revenue of $9.4 billion, flat year-over-year, beating the consensus of $9 billion. Sales by segments: Aerospace $1.90 billion (+0.8% Y/Y), Marine Systems $2.65 billion (+6.8% Y/Y), Combat Systems $1.68 billion (-8% Y/Y) and Technologies $3.16 billion (-1.1% Y/Y). EPS increased by 5.2% Y/Y to $2.61, beating…

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US Bans Exports to Three Russian Airlines for Sanctions Violations

US Bans Exports to Three Russian Airlines for Sanctions Violations

The US government has banned exports to Russian state airline Aeroflot as well as two other carriers for flying aircraft in violation of sanctions, the Commerce Department said Thursday. Washington warned last month that the carriers had gone against penalties imposed on Moscow over its invasion of Ukraine by flying…

Asharq Al-Awsat

Morgan Stanley Upgrades This Aerospace And Defense Company

Morgan Stanley Upgrades This Aerospace And Defense Company

Morgan Stanley analyst Kristine Liwag upgraded General Dynamics Corp (NYSE:GD) to Equal Weight from Underweight and raised the price target to $215 (an upside of 1.2%), from $210, after management provided "strong visibility" and an "encouraging" three-year outlook for the Gulfstream business on its Q4 earnings call. Related: General Dynamics Clocks 1.8% Revenue Decline In Q4;…

General Dynamics Clocks 1.8% Revenue Decline In Q4; Bottom-Line Tops Street View

General Dynamics Clocks 1.8% Revenue Decline In Q4; Bottom-Line Tops Street View

General Dynamics Corp (NYSE:GD) reported a fourth-quarter FY21 revenue decline of 1.8% year-over-year to $10.29 billion, missing the consensus of $10.67 billion. Sales by segments: Aerospace $2.56 billion (+5.1% Y/Y), Marine Systems $2.87 billion (+0.5% Y/Y), Combat Systems $1.89 billion (-3.7% Y/Y) and Technologies $2.97 billion (-7.9% Y/Y). EPS declined by 2.9% Y/Y…

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