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• 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.HIT: General Dynamics to acquire Jet Aviation (August 19, 2008) The acquisition propels the corporation's expansion into the global market of flight support.HIT: General Dynamics to acquire Jet Aviation (August 19, 2008) The deal will be completed by the end of 2008 and is expected to immediately add to the corporation's revenues.HIT: General Dynamics to acquire Jet Aviation (August 19, 2008)

• Fast Facts

  1. General Dynamics is based at Falls Church, VirginiaHIT: General Dynamics to acquire Jet Aviation (August 19, 2008)
  2. General Dynamics makes the Gulfstream private JetHIT: General Dynamics to acquire Jet Aviation (August 19, 2008)
  3. Jet Aviation was founded in 1967HIT: General Dynamics to acquire Jet Aviation (August 19, 2008)
  4. Almost 5,600 people at 25 airport bases work for Jet AviationHIT: General Dynamics to acquire Jet Aviation (August 19, 2008)
  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 StatesHIT: General Dynamics to acquire Jet Aviation (August 19, 2008)

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