Gulfstream, Jet Aviation Log ‘Powerful Quarter’ for GD

General Dynamics’s aerospace division, which includes Gulfstream Aerospace and Jet Aviation, had “a powerful quarter, with the highest revenue, operating earnings [and] operating margins reported in the last six quarters,” according to chairman and CEO Phebe Novakovic. Aerospace revenues for the first half climbed $616 million or 19.2 percent, with operating earnings up $171 million (32.4 percent), she said, “a clear manifestation of Jet Aviation’s return to profitability and the performance improvement at Gulfstream.”

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