General Dynamics Jet Aviation

On August 19, 2008, the General Dynamics corporation announced that it will buy the Swiss aircraft service company Jet Aviation from the private equity firm Permira for $2.23 billion.¹ The acquisition propels the corporation's expansion into the global market of flight support.¹ The deal will be completed by the end of 2008 and is expected to immediately add to the corporation's revenues.¹

Fast Facts

1. General Dynamics is based at Falls Church, Virginia¹
2. General Dynamics makes the Gulfstream private Jet¹
3. Jet Aviation was founded in 1967¹
4. Almost 5,600 people at 25 airport bases work for Jet Aviation¹
5. Gulfstream sales grew by 10% to $1.33 billion in the second quarter of 2008, largely due to purchases prompted by the weak dollar and occurring outside the United States¹

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