Gulfstream Aerospace Corporation has announced that it has rescinded its programme to repurchase up to $200 million of its common stock. The action was taken due to its pending merger with General Dynamics Corporation. The repurchase programme had originally been established in March this year without any expiry date and prior to the about-turn the company had repurchased 1,272,800 shares of common stock for an aggregate of approximately $57.9 million.