Aircraft
Gulfstream Aerospace Climbs Ever Higher in 3Q
Deliveries also soared, with 43 jets (31 large-cabin, 12 midsize) handed over versus 31 aircraft (25 large, six midsize) in the same period last year.
Production of Gulfstream G650/650ERs continues apace, with the models sold out until the second quarter of 2018. Demand is so high for the ultra-long-range jets that the aerospace manufacturer plans to "feather in" a couple more into the production pipeline next year. (Photo: Gulfstream Aerospace)
Production of Gulfstream G650/650ERs continues apace, with the models sold out until the second quarter of 2018. Demand is so high for the ultra-long-range jets that the aerospace manufacturer plans to "feather in" a couple more into the production pipeline next year. (Photo: Gulfstream Aerospace)

Gulfstream Aerospace continues to be a star performer at parent company General Dynamics, with the aerospace segment reporting its highest-ever quarterly revenue and the fifth consecutive quarterly profit exceeding $400 million. Year-over-year, third-quarter aerospace revenue climbed $548 million, to $2.343 billion, while profits rose by $15 million, to $426 million, General Dynamics chairman and CEO Phebe Novakovic said this morning during an investor conference call.