The first G150 entered service in August 2006 as a replacement for the G100, formerly known as the Astra SPX. Gulfstream has decided to cut end production of the G150, with the final aircraft due to be delivered to its customer midway through 2017.
In 2001 General Dynamics bought Galaxy Aerospace and with it, the rights to both the Astra and Galaxy, transferring both to its Gulfstream Aerospace division. Rather than move production of the Astra and Galaxy to the States, Gulfstream decided to keep the airframe manufacturing in Israel, putting in place a strategic cooperation agreement with IAI where the aircraft would be built in Tel Aviv, but flown to the US for completion.
Gulfstream eventually changed the names of the Astra and the Galaxy to fall in line with the other aircraft in its portfolio, with the Astra becoming the G100, and the Galaxy changing its name to the G200.
Production of the G100 continued until 2006, when the G150 was finally introduced. Taking the basic form of the G100, the G150 has a slightly longer and wider cabin, as well as upgraded avionics and uprated Honeywell engines.