Gulfstream Driving Growth at General Dynamics | Aviation International News

Gulfstream Driving Growth at General Dynamics

Gulfstream Aerospace had a banner year in 2013. According to full-year results from parent company General Dynamics, the aerospace division, which includes Gulfstream and Jet Aviation, saw revenues climb 17.4 percent year-over-year to $8.118 billion, while profits soared 65 percent to $1.416 billion. Gulfstream delivered 144 completed jets (121 large-cabin and 23 midsize jets) last year versus 94 (83 large-cabin and 11 midsize) in 2012. Meanwhile, backlog was boosted in the fourth quarter mainly by rising orders for the G450 and G550. (Photo: Gulfstream Aerospace)

By Chad Trautvetter • Online Editor

January 23, 2014

Gulfstream Aerospace “is the primary growth engine for both earnings and revenue” at General Dynamics, parent company chairman and CEO Phebe Novakovic said yesterday during a fourth-quarter investor call. The company’s aerospace unit, which includes Gulfstream and Jet Aviation, had a “very good year” in 2013, she added.

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