Aircraft
Gulfstream Deliveries Dip 15.6% in First Quarter
Gulfstream delivered 27 completed jets (19 large-cabin, eight midsize) in the first quarter versus 32 (25 large-cabin, seven midsize) in 1Q 2015.
Though the G650 backlog held to 24 months, deliveries at Gulfstream slid 15.6 percent in the first quarter as shipments of its G450 and G550 begin to wane. (Photo: Gulfstream Aerospace)
Though the G650 backlog held to 24 months, deliveries at Gulfstream slid 15.6 percent in the first quarter as shipments of its G450 and G550 begin to wane. (Photo: Gulfstream Aerospace)

Revenues and earnings at General Dynamics’ aerospace division slid in the first-quarter as Gulfstream deliveries fell nearly 16 percent year-over-year, the company announced today. The segment, which also includes aircraft MRO and completions firm Jet Aviation, posted revenues of $1.987 billion in the quarter, down $121 million from a year ago, and a $411 million profit versus $431 million in the first quarter of 2015.