Aircraft
Gulfstream Soars on Aircraft Orders
Aircraft backlog at Gulfstream Aerospace is at its highest point in six years, as customer demand for its jets continues unabated.
Phebe Novakovic, chairman and CEO of Gulfstream Aerospace parent company General Dynamics, remains bullish on sales going forward, saying the pipeline is robust and termed demand for Gulfstreams as “very strong.” (Photo: Gulfstream Aerospace)
Phebe Novakovic, chairman and CEO of Gulfstream Aerospace parent company General Dynamics, remains bullish on sales going forward, saying the pipeline is robust and termed demand for Gulfstreams as “very strong.” (Photo: Gulfstream Aerospace)

Aircraft backlog at Gulfstream Aerospace is at its highest point in six years, with book-to-bill coming in at 1.7:1 during the third quarter, Phebe Novakovic, chairman and CEO of parent company General Dynamics, said this morning during a quarterly investor call. General Dynamics’ aerospace division, which also includes Jet Aviation, saw orders in the quarter jump 79 percent, to $3.247 billion, while backlog climbed to $14.69 billion at the end of last month.