Large-cabin business jets continue to lead Gulfstream’s order and delivery figures, while sales outside the U.S. continue to surpass domestic sales. Both elements are helping to keep the bottom lines of Gulfstream and parent company General Dynamics relatively stable, while they provide a glimmer of end-of-the-tunnel light for the second half of this year and perhaps even some optimism for higher revenue next year.
Gulfstream’s order backlog has decreased from $19.3 billion earlier this year to $17.8 billion now, of which about $12 billion is for the nearly 200 G650s in the company’s order book. (List price of the G650 is $64.5 million.) The other $6 billion in backlog is for in-production aircraft, mostly large cabin. “That’s a very robust backlog,” Jay Johnson, General Dynamics chairman and CEO, claimed during General Dynamics’ second-quarter earnings call in late July.
