Gulfstream Aerospace deliveries dropped by eight units year-over-year in the third quarter to 27 aircraft as the company continued to grapple with supply chain challenges, parent company General Dynamics (GD) reported on Wednesday. Third-quarter deliveries included 22 large-cabin and five midsize-cabin models, down from 28 large cabins and seven midsize from the same period a year ago.
As a result, revenues at GD's aerospace group—which includes both Gulfstream and Jet Aviation—slid in the third quarter by $315 million to $2.03 billion. While it works through the ongoing supply chain issues that have plagued the Savannah, Georgia manufacturer (along with the industry in general) this year, the company anticipates more than 60 aircraft deliveries in the fourth quarter. However, Gulfstream will likely not reach its 2023 delivery forecast of 145 units.
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