Word: gulfstream
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Dates: during 1990-1999
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...star $16 million, more than the entire budget of First Blood, the series' opener. The cumbrous Arnold Schwarzenegger raked in $10 million from Carolco, plus a cut of the film's profits, for his role in last year's hit Total Recall. Kassar then bought Schwarzenegger an $11 million Gulfstream G-III jet for the forthcoming Terminator...
...revenues of $5.2 billion. Besides the Stealth bomber (price for each plane: $540 million), the company builds so- called smart weapons systems, guidance modules for MX missiles and other military hardware. After losing $80.5 million last year, the company cut costs by selling its Gulfstream IV corporate jet in January and its glass-and-steel headquarters tower in Century City, Calif., for $218 million in March. If congressional proposals to kill the $70 billion B-2 program prevail, some industry experts think Northrop's long-term survival will be in doubt...
Flying at 30,000 ft. over the frozen flatlands of Ohio, where a winter storm was barreling eastward, the Gulfstream jet shuddered violently. The big man in the comfortable leather seat looked sharply toward the cockpit, as if to ask "What the hell is going on in there?" He has been wearing that expression quite a bit lately, for the man is Chrysler chairman Lee Iacocca, 65, and he has been weathering a storm of his own for the past few months. Even the elegant corporate jet on which he flew last week was symbolic of the crisis. A week...
...road will be rough, the company is in far better shape than it was when Iacocca took over in 1978. This time Chrysler will benefit from its diversification into financial services, which provided $284 million in profits last year, and from its rapid expansion into Europe. By selling Gulfstream, 45% of its shares in the Japanese automaker Mitsubishi and other assets, Chrysler will generate more than $2 billion to add to its cash kitty of $2.2 billion. While Chrysler's share of the U.S. car and truck market slid half a percentage point last year, to 13.5%, the company exited...
...Motors said it gave up $5 billion in incentives in 1989, or $900 for every vehicle it sold. Ford pegged its incentives at $1,000 per vehicle, Chrysler at $1,200. As part of its current restructuring, Chrysler last week announced the $825 million sale of its aircraft subsidiary, Gulfstream Aerospace, to a management-led group...