TowerPro Brushless Outrunner 2409-12T     
30A ESC
Spektrum DX7+ AR6200
3s 1300mAh Lipo
9g hxt servos

Well since its foam, it doesn't look or fly like GEE BEE.

When GEE BEE was first designed, people argued that it would never fly due to its shape/size. But it flew, but required  a little higher speeds to take off. This one flies like a glider.

Yeah its a floater. But still the name is Gee Bee.. a mistake by HK?