Word: gulfstreams
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...disclosed that the nation's largest arms manufacturer, with $7.2 billion in military contracts last year, had withdrawn $491,840 in charges to the Defense Department for air travel by its chairman, David S. Lewis, and other executives. The bill included 76 flights that Lewis made in Sabreliner and Gulfstream III company jets from General Dynamics headquarters in St. Louis to his farm in Albany, Ga., and 67 flights he made to San Francisco and Wichita to attend board meetings of other firms where he served as a director...
...requests for restrictions on such imports as motorcycles, cars and steel. Nor is it just older industries that are protesting. "Most hightech companies have been very hard hit," says C. Norman Winningstad, chairman of Floating Point Systems, an Oregon computer company. Allen Paulson, the chairman of Savannah's Gulfstream Aerospace, is blunt about the strong dollar's impact: "Somebody has to put an end to this insanity...
...million helicopter to superlight planes made of titanium and graphite-epoxy composites. Multinational companies were attracted to the Falcon 900 (price: $13.5 million), a 27-seat craft introduced last month and capable of flying from New York to Tokyo with just one stop. High-rolling investment bankers liked the Gulfstream IV 19-passenger twin jet (also $13.5 million), with video screens at every seat and a computerized flight deck that an airline captain might envy...
...loved flying ever since." Last week Knapp, who now heads her own charter-plane company in Los Angeles, circled the globe in 45 hr. 32 min. 53 sec., setting a new record for all classes of civilian aircraft. The 23,340-mile trip in a Gulfstream III, which began and ended in Washington, included stops in Moscow, Peking, Tokyo and London. Says Knapp of her aerial feat: "It's the most exhilarating thing I've ever done. It's like winning the Indianapolis 500 or the triathlon...
Sometimes such fears are unfortunately justified. Gulfstream Aerospace Founder Paulson's son Michael, 28, was ambushed by two men in front of his Savannah home one night last month. The younger Paulson pulled out a .22-cal., two-shot derringer magnum and killed one of the men. The second was arrested shortly afterward. Police recovered handcuffs, a gag and a tape cassette with a message requesting $1.2 million in ransom...