SAVANNAH, Ga. - Gulfstream Aerospace Corp., under General Dynamics (NYSE: NYSE:GD), announced today that its latest business jet, the Gulfstream G700, has obtained type certification from the European Union Aviation Safety Agency (EASA). This approval comes after the aircraft received its type certification from the Federal Aviation Administration (FAA) on March 29, enabling increased deliveries to international customers.
The G700, touted for its cabin size, flexibility, and performance, has undergone a global flight test program. With the EASA certification, Gulfstream expects to expand its next-generation fleet internationally. "This EASA certification unlocks G700 deliveries for many more of our international customers," said Gulfstream President Mark Burns.
The aircraft boasts performance enhancements such as an increased range of 7,750 nautical miles at Mach 0.85 and 6,650 nautical miles at Mach 0.90. These figures surpass original projections by 250 nautical miles at both speeds. Additionally, the G700's maximum operating speed has been raised to Mach 0.935, making it the fastest in Gulfstream's fleet. Its cabin altitude is the lowest in business aviation, reduced to 2,840 feet while flying at 41,000 feet, further enhancing passenger comfort.
The FAA certification also confirmed the G700's improved takeoff and landing performance, with a balanced field length takeoff distance of 5,995 feet and a landing distance of 3,150 feet, shorter than initially announced.
Featuring the most spacious cabin in its class, the G700 can include up to five living areas and offers options such as a grand suite with an expanded lavatory or the industry's largest ultragalley. The aircraft is designed with noise reduction in mind and includes 20 Gulfstream Panoramic Oval Windows and 100% fresh air circulation.
General Dynamics, Gulfstream's parent company, is a global aerospace and defense company with more than 100,000 employees worldwide and reported revenues of $42.3 billion in 2023.
The information in this article is based on a press release statement from General Dynamics.
InvestingPro Insights
As Gulfstream Aerospace, a subsidiary of General Dynamics (NYSE: GD), celebrates the European certification of its G700 business jet, investors may be eyeing the financial health and market performance of its parent company with interest. General Dynamics' commitment to innovation is mirrored in its financial metrics and market position, as evidenced by real-time data from InvestingPro.
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