Case Study: Gulfstream saves millions with PRICE Systems’ design-to-cost capability

Gulfstream Saves Millions with PRICE’s Design-to-Cost Capability

Gulfstream Aerospace Corporation, a premier manufacturer of large business jets, needed to improve its cost estimating capabilities, particularly for new components with little existing historical data. Their traditional methods were time-consuming and struggled to account for factors like compressed schedules and engineering experience. To make faster, better-informed business decisions, Gulfstream turned to the PRICE H model from vendor PRICE Systems.

By implementing PRICE’s parametric estimating software, Gulfstream gained the ability to perform sensitive design-to-cost analyses at the component level with limited initial data. The solution provided by PRICE Systems enabled more accurate cost goals for in-house production and vendor negotiations. This resulted in substantial savings, including approximately $9 million saved on a single program for 200 aircraft. Gulfstream reported that the annual license fee for PRICE H was returned several hundredfold through these efficiencies and cost avoidances.

Gulfstream

Jeff Schubert

Senior Estimating Analyst