Roger Penske Acquires New Gulfstream G-550

In 2024, Roger Penske, the esteemed American automotive racing team owner and businessman, experienced a resounding year, further cementing his status as a prominent figure in the motorsports industry.

Team Penske’s 2024 Accomplishments

NASCAR Victory

Team Penske achieved its third consecutive NASCAR Cup Series championship in 2024, with Joey Logano securing the title. This triumph was particularly noteworthy as it marked the team’s inaugural 1-2 finish in the NASCAR Cup Series standings, with Ryan Blaney securing the second position.

Diversified Racing Success

The 2024 season was marked by a series of historic victories for Team Penske, spanning multiple racing disciplines:

– The team emerged victorious in the Indianapolis 500 for a record 20th time.

– Team Penske also claimed championships in both the IMSA WeatherTech SportsCar Series and the FIA World Endurance Championship.

– Additionally, the team secured a triumph in the Rolex 24 Hours at Daytona.

These remarkable achievements led Roger Penske to consider 2024 as “probably, if not the best, one of the best” seasons in his tenure as a team owner.

Team Penske’s Unwavering Excellence

In its 58th season, Team Penske continued to demonstrate its exceptional prowess across various racing series:

– The team fielded three full-season entries in both the NASCAR Cup Series and the NTT INDYCAR SERIES.

– Team Penske also participated in the IMSA WeatherTech SportsCar Championship and the FIA World Endurance Championship (WEC) as part of the Porsche Penske Motorsport (PPM) program.

By the end of 2024, Team Penske had achieved an illustrious record, amassing over 620 race victories, securing more than 680 pole positions, and clinching 44 championships.

Roger Penske’s Leadership

Penske’s remarkable success can be attributed to his unwavering commitment to excellence and the winning culture he has cultivated within his organization. His approach to racing and business, characterized by stringent preparation standards and exceptional professionalism, continues to distinguish Team Penske in the highly competitive realm of motorsports.

The 2024 season further solidified Roger Penske’s legacy as one of the most influential and successful figures in the annals of professional sports, particularly in the domain of auto racing.

Penske Acquires New Gulfstream G-550

Penske’s flagship aircraft is a newly acquired 2013 Gulfstream G-550, which was previously managed by Global Jet for European charter operations.

The Gulfstream G-550 is an ultra-long-range business jet renowned for its advanced technology, spacious cabin, and exceptional performance capabilities. The aircraft’s key specifications and performance metrics are as follows:

Performance Characteristics

Engines and Thrust

– Engine Type: 2 × Rolls-Royce BR710-C4-11 turbofan engines

– Thrust per Engine: 15,385 lbf (pound-force)

Speed

– Maximum Cruise Speed: 488 knots (approximately 562 mph or 904 km/h)

– Long Range Cruise Speed: 459 knots (approximately 528 mph or 850 km/h)

Range

– NBAA IFR Range (4 passengers): 6,708 nautical miles

– Maximum Range: Up to 6,750 nautical miles under optimal conditions.

Altitude and Climb Rate

– Service Ceiling: 51,000 feet

– Rate of Climb: 3,650 feet per minute

**Takeoff and Landing Performance**

– Takeoff Distance (MTOW): 5,910 feet

– Landing Distance (MLW): Approximately 2,240 feet

Dimensions

Aircraft Dimensions

• Length: 29.4 meters (96 ft 5 in)
• Wingspan: 28.5 meters (93 ft 6 in)
• Height: 7.85 meters (25 ft 8 in)

Cabin Dimensions

• Cabin Length: Approximately 15.27 meters (50.1 ft)
• Cabin Width: 2.24 meters (7 ft 4 in)
• Cabin Height: 1.88 meters (6 ft 2 in)

Passenger Capacity

– Typical Configuration: Seats for up to 19 passengers; typically arranged for approximately 8 to 10 in an executive setup

Operating Costs

– Estimated Cost per Hour: Approximately $4,730

Additional Features

The Gulfstream G550 is equipped with the PlaneView avionics suite, which enhances flight safety and operational efficiency. The cabin features advanced soundproofing and is designed for comfort with fresh air circulation and ample natural light from large oval windows. The aircraft is also renowned for its reliability, achieving a dispatch reliability rating of 99.9% from the National Business Aviation Association.

Overall, the Gulfstream G550 is preeminent in the business jet market, characterized by its exceptional speed, range, opulence, and incorporation of state-of-the-art technology.

Penske Corporation’s Aircraft Fleet