Announced in September 2002, Gulfstream partnered with Israel Aircraft Industries to introduce the Gulfstream G150. It would replace the G100 in production in 2006. This medium range, multiengine turbofan business aircraft lives up to Gulfstream’s standards of reliability and high performance in private jets. ​

The G150 is powered by two fuel-efficient Honeywell TFE731-40AR-200G turbofan engines. Each engine produces 4,420 lbs of thrust, both supplied with full authority digital engine control (FADEC). Their inspection interval is 6,000 hours.