Aircraft
Travel Restrictions Thwart 1Q20 Gulfstream Deliveries
First-quarter deliveries at Gulfstream Aerospace fell 33 percent due to Covid-19 travel restrictions, while supply chain issues will curtail production.
Gulfstream deliveries were hampered in the first quarter by Covid-19 travel restrictions that hamstrung customer handovers. While the Savannah, Georgia-based aircraft manufacturer fully expects to deliver these aircraft as soon as these travel restrictions are lifted, supply chain issues have prompted it to cut planned deliveries from 150 jets to between 125 and 130 this year. (Photo: Gulfstream)
Gulfstream deliveries were hampered in the first quarter by Covid-19 travel restrictions that hamstrung customer handovers. While the Savannah, Georgia-based aircraft manufacturer fully expects to deliver these aircraft as soon as these travel restrictions are lifted, supply chain issues have prompted it to cut planned deliveries from 150 jets to between 125 and 130 this year. (Photo: Gulfstream)

First-quarter deliveries at Gulfstream Aerospace were 33 percent lower than expected as Covid-19 travel restrictions hamstrung customer handovers, while pandemic-related supply chain issues will curtail production by about 15 percent this year, parent company General Dynamics said today. However, business jet demand remained strong in the quarter and the backlog “has held up nicely,” according to General Dynamics chairman and CEO Phebe Novakovic.