Case Study: Gulfstream Aerospace Corporation achieves millions in cost savings with PRICE Systems' design-to-cost solution

Gulfstream Aerospace Corporation saves $9 million with PRICE Systems

Gulfstream Aerospace Corporation, a premier manufacturer of large business jets, faced a challenge with its traditional cost estimating methods, which were time-consuming and struggled with new components lacking historical data. To make faster, better-informed business decisions, Gulfstream turned to the PRICE H model from vendor PRICE Systems.

By implementing PRICE Systems' parametric estimating software, Gulfstream gained the ability to perform sensitive design-to-cost analyses with limited initial data. This solution enabled more accurate cost goals for production and vendor negotiations, resulting in substantial savings. The vendor PRICE Systems helped Gulfstream save approximately $9 million on a single program for 200 aircraft, with the annual license fee returned several hundredfold.

Gulfstream Aerospace Corporation