Complex sentence: The Gulfstream G200, formerly known as the IAI Galaxy, is a joint Israel Aircraft Industries-Yakovlev OKB designed twin-engine business jet, now produced for Gulfstream Aerospace.
Split into simpler sentences: The Gulfstream G200, formerly known as the IAI Galaxy is a twin-engine business jet. It was designed by a joint Israel Aircraft Industries-Yakovlev OKB team and is produced for Gulfstream Aerospace.