Aircraft
Gulfstream Deliveries Soar Despite Lingering G700 Delays
Gulfstream delivered 136 aircraft in 2024 and is expected to ramp up to 150 in 2025
Gulfstream G700
Gulfstream delivered 30 G700s in 2024. © Gulfstream Aerospace

Gulfstream Aerospace’s large-cabin deliveries jumped by 32.6% to 118 in 2024 as the company spooled up deliveries of its new G700 flagship, the company’s parent company, General Dynamics (GD), reported Wednesday morning.

However, despite “stunning” results, GD chairman and CEO Phebe Novakovic noted that revenues and earnings were lower than anticipated for its Aerospace group, including both Gulfstream and business aviation services provider Jet Aviation. This was a result of fewer G700 deliveries; Gulfstream had planned to hand over 50 last year but instead delivered 30, including just 15 of the 27 anticipated in the fourth quarter, she told analysts.