Aerospace Products International Awarded Gulfstream Aerospace Contract.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)--Dec. 7, 2001 Aerospace Products International (API), the fastest growing supplier 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 consulting services related to Gulfstream Aerospace's logistics requirements for its aftermarket customer support functions. 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, Gulfstream has been rated number one in Product Support by Professional Pilot Magazine. "We are delighted to be associated with a company such as Gulfstream, whose world-wide reputation for quality products and services has become a bench mark for the aviation industry. Our expertise in aerospace aftermarket information technology, combined with our state-of-the-art, worldwide logistics capabilities, makes API the logical choice for this important contract and follow on activities," said Jerry Schlesinger, API President and Chief Executive Officer. "We are continually seeking ways to even further improve our response times to our customers around the world," said Larry Flynn, Gulfstream Senior Vice President, Aircraft Services. "We have retained API to help in this process. We are confident the results of this effort will benefit our owners and operators worldwide," he added. First Aviation, located in Westport, Connecticut Westport is a coastal town in Fairfield County, Connecticut, in the United States. The 2004 population estimate was 26,644. The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. 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 also is 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 the fastest growing provider 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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