Gulfstream Aerospace’s deliveries of completed aircraft more than doubled to 38 aircraft (32 large-cabin and six midsize jets) in the third quarter versus 17 large-cabin jets in the same period a year ago, parent company General Dynamics said during its quarterly investor conference call this morning. In the first nine months, Gulfstream shipped 103 outfitted airplanes (87 large cabin, 16 midsize), a nearly 81-percent rise from the 57 aircraft (52 large cabin, five midsize) handed over to customers in the same period last year.
Third-quarter revenues at General Dynamics’ aerospace unit, which includes both Gulfstream and Jet Aviation, jumped 17.2 percent year-over-year to $2.152 billion, while profits soared 41.4 percent to $369 million. “This was a better than expected quarter for aerospace,” General Dynamics chairman and CEO Phebe Novakovic said. “It was the highest-ever quarterly revenues to date for this division.”
