Gulfstream Aerospace Corp., a subsidiary of aerospace company General Dynamics (NYSE:GD), announced that its flagship G700 aircraft received the green light from the Federal Aviation Administration (FAA). As a result, the firm can now deliver what’s considered the most spacious jet in the business aviation sector.
Two notable performance enhancements worth noting are the G700’s shorter-than-expected takeoff distance of just under 6,000 feet and landing distance of approximately 3,150 feet, which boost its operational flexibility and access to a broader range of airports.
It also surpasses previous industry certification standards, including an extended range of up to 7,750 nautical miles and a top speed of Mach 0.935 that crowns it as the fastest in the Gulfstream lineup.
What Is the Future of GD Stock?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on GD stock based on 12 Buys, five Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. After a 27% rally in its share price over the past year, the average GD price target of $293.59 per share implies 3.93% upside potential.
