Gulfstream posts record earnings in 1997
Gulfstream Aerospace Corp. earned a record $243 million in 1997, up sharply from $47 million in 1996, the company reported. Earnings included a one-time, non-cash income tax benefit of $65 million. Sales jumped from $1 billion in 1996 to $1.9 billion for 1997. In 1997, the Savannah, Ga., company...
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