OREANDA-NEWS. General Dynamics (NYSE: GD) announced today that

Larry R. Flynn, president of Gulfstream Aerospace Corp., has informed the corporation of his intention to retire on June 30, for health reasons.

Mark L. Burns, president of Product Support for Gulfstream, will succeed Flynn as president of Gulfstream.

Phebe N. Novakovic expressed the company's support of Flynn's decision and appreciation for his service. "

Larry Flynn has made significant contributions to General Dynamics and Gulfstream during his long career, most recently with the introduction of three new aircraft in 2014. Under his leadership, he has positioned Gulfstream for continued success as a global leader in the business-jet market," Novakovic said.

As announced in February, Burns will become president of Gulfstream on July 1, 2015. Also,

Joseph T. Lombardo, executive vice president of General Dynamics' Aerospace group, is retiring at the end of June. The companies that comprise the Aerospace group will report directly to Novakovic.

Burns has led Gulfstream's Product Support organization since June 2008, and became a vice president of General Dynamics in February 2014. Prior to being named Product Support president, Burns was the vice president of Customer Support for six years and vice president of Completions Engineering for two years. He joined Gulfstream in 1983.