Aerospace Products International Announces Multi-Year Logistics Services Agreement With Gulfstream Aerospace.Business Editors MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--July 24, 2002 Aerospace Products International (API), one of the fastest growing suppliers of aerospace products and supply chain management services, and a subsidiary of First Aviation Services Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FAVS FAVS Fabbrica Armi Valle Susa FAVS Fighter Attack Visual System ), announced today that it has entered into an agreement with Gulfstream Aerospace Gulfstream Aerospace Corporation is a producer of several models of private jet aircraft. Gulfstream Aerospace Corporation has been a unit of General Dynamics since 2001. Gulfstream's main facility is located in Savannah, Georgia, United States. Corporation to provide logistics services for its aftermarket product support functions under the terms of a multi-year agreement. Gulfstream Aerospace Corporation is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. (NYSE NYSE See: New York Stock Exchange : GD), and designs, develops, manufactures, markets and services the world's most technologically advanced intercontinental business jet aircraft. For the past two consecutive years, Professional Pilot Magazine has rated Gulfstream number one in Product Support. "Gulfstream continually seeks ways to further improve its response times to our customers around the world", said Larry Flynn, Gulfstream's President of Product Support. "The highly specialized logistics support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services provided by API will enhance our product support even further and represent an additional benefit to our customers worldwide", he added. "We are delighted to announce our long term association with Gulfstream, whose world-wide reputation for quality products and services has become a bench mark for the aviation industry, said Jerry Schlesinger, API President and Chief Executive Officer. API's extensive skill set includes aerospace aftermarket information technology and state-of-the-art worldwide logistics capabilities. Creating a long term relationship to enhance Gulfstream's product support capabilities is a win-win situation for Gulfstream, its customers and API". First Aviation, located in Westport, Connecticut is a worldwide leader in providing aerospace products and services to aircraft operators of some of the most widely used commercial and general aviation aircraft. Its operations include API, based in Memphis, Tennessee. In addition to the product lines it distributes, API offers overhaul and repair services for brakes and starter/generators, and builds custom hose assemblies. API is also a leading provider of supply chain management and customized third party logistics services. With locations in the U.S., Canada and Asia Pacific, plus partners throughout the world, API continues to be one of the fastest growing providers of aviation products and inventory management solutions in the industry. More information about First Aviation and API can be found at http://www.firstaviation.com and, http://www.apiparts.com. |
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