Deliveries Continue To Climb at Gulfstream
Gulfstream delivered 77 aircraft (59 large-cabin, 18 midsize) versus 65 (55 large-cabin, 10 midsize) in the same period last year.
Revenues at Gulfstream Aerospace were down slightly in the second quarter mainly as a result of a less-favorabe mix of aircraft delivered. Though completed aircraft deliveries rose to 38, two more than in the second quarter last year, large-cabin shipments fell to 26 from 30 a year ago, while midsize deliveries rose to 12 from six. (Photo: Gulfstream Aerospace)
Revenues at Gulfstream Aerospace were down slightly in the second quarter mainly as a result of a less-favorabe mix of aircraft delivered. Though completed aircraft deliveries rose to 38, two more than in the second quarter last year, large-cabin shipments fell to 26 from 30 a year ago, while midsize deliveries rose to 12 from six. (Photo: Gulfstream Aerospace)

Though second-quarter revenues and profits dipped slightly at Gulfstream Aerospace, the Savannah, Ga.-based aircraft manufacturer still recorded a “strong” quarter, Phebe Novakovic, chairman and CEO at parent company General Dynamics, said yesterday during an investor conference call. Revenues at the aerospace division, which also includes Jet Aviation, came in at $1.995 billion during the quarter, down from $2.053 billion a year ago. Year-over-year profits slid only by $5 million, to $384 million, thanks to higher margins that were primarily the result of continuing efficiencies in G650 production.