NetJets, a provider of private planes, will buy 40 new Gulfstream aircraft from a unit of General Dynamics Corp in a deal worth about $ 1.9 billion, the companies said on Friday.
"That suggests that demand continues to be strong," said Rob Doolittle, a spokesman for General Dynamics, adding that demand from non-North American consumers for large-cabin business jets was climbing.
The deal calls for four Gulfstream G450s and four Gulfstream G550s to be delivered each year from 2012 through 2016. The arrangement also includes more than $ 250 million in long-term maintenance support.
"This contract recognizes the continued success of Gulfstream aircraft in the NetJets fractional ownership program and the strong partnership between the two companies," Joe Lombardo, president of Gulfstream Aerospace, said in a statement.
According to Reuters