General Dynamics Subsidiary Lands $612M USAF Executive Aircraft Engineering Contract

A subsidiary of General Dynamics (NYSE: GD) will engineer the C-20/C-37 fleet of airplanes used to transport high-ranking Department of Defense and government officials under a potential 10-year, $612 million contract.

The firm-fixed-price contract calls for Gulfstream Aerospace to provide recurring engineering and data support for the executive aircraft through Jan. 31, 2031, the Department of Defense said Thursday.

USAF is obligating $10.9 million at the time of award from its fiscal 2021 operation and maintenance funds.

Gulfstream will perform contract work for USAF, the Army, the Navy, the Marines Corps and the Coast Guard at various military installations located in the U.S., Italy and Germany.

The C-37’s A and B models are built upon the Gulfstream V and 550 airframes and designed for intercontinental flights at an altitude of up to 51,000 feet, according to USAF.

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