M&A Deal Summary

General Dynamics Acquires Gulfstream Aerospace

On May 17, 1999, General Dynamics acquired aerospace company Gulfstream Aerospace for 5.3B USD

Acquisition Highlights
  • This is General Dynamics’ 2nd transaction in the Aerospace sector.
  • This is General Dynamics’ 2nd largest (disclosed) transaction.
  • This is General Dynamics’ 2nd transaction in the United States.
  • This is General Dynamics’ 1st transaction in Georgia.

M&A Deal Summary
Date 1999-05-17
Target Gulfstream Aerospace
Sector Aerospace
Buyer(s) General Dynamics
Deal Type Add-on Acquisition
Deal Value 5.3B USD

Target

Gulfstream Aerospace

Savannah, Georgia, United States
Entrance to Gulfstream's corporate headquarters in Savannah, Georgia.
Entrance to Gulfstream's corporate headquarters in Savannah, Georgia.
Gulfstream Aerospace designs, develops, and manufactures business-jet aircraft. Gulfstream was formed in 1958 and is based in Savannah, Georgia.

Search 200,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

General Dynamics

Reston, Virginia, United States
Category Company
Founded 1899
Sector Defense
Employees100,000
Revenue 42.3B USD (2023)
DESCRIPTION
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.

General Dynamics is an aerospace and defense company. It manufacturers business jets as well as provides combat systems to the US military. General Dynamics was founded in 1952 and is based in Reston, Virginia.

DEAL STATS #
Overall 2 of 30
Sector (Aerospace) 2 of 3
Type (Add-on Acquisition) 2 of 27
State (Georgia) 1 of 1
Country (United States) 2 of 26
Year (1999) 1 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-03-02 Cessna

Wichita, Kansas, United States

Cessna is an American general aviation aircraft manufacturer. Cessna is known for small, piston-powered aircraft as well as small business jets. Cessna was originally established in 1927 and is based in Wichita, Kansas.

Sell $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 General Dynamics C4 Systems

Scottsdale, Arizona, United States

General Dynamics C4 Systems is an integrator of secure communication and information systems and technology.

Buy $1.1B
Mergr

Product

Company

Legal