Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

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Gulfstream designs, develops, manufactures, markets, and services business jet aircraft.

Chad Trautvetter

Gulfstream Aerospace found its groove in the third quarter as business jet sales and shipments climbed 56% and 39%, respectively, Phebe Novakovic—chairman and CEO of parent General Dynamics—said this morning during an investor call. “There was robust order momentum at Gulfstream in the quarter,” she said, noting a 1.3:1 book-to-bill that increased aerospace backlog to $20.6 billion, a nearly $1 billion quarter-over-quarter rise.
The company’s aerospace unit, composed of Gulfstream and aviation services firm Jet Aviation, saw third-quarter revenues soar 30.3% year over year (YOY), to $3.234 billion, and earnings jumped 41%, to $430 million. For the first nine months, these figures were $9.322 billion (up 24.2% YOY) and $1.265 billion (up 43.9%), respectively. Driving the gains were higher jet deliveries, more special-mission work, and aircraft services, according to Novakovic.
Gulfstream shipped 39 jets (33 large cabins and six super-midsize G280s) in the three-month period, up from 28 (24 large cabins, four G280s) a year ago. Novakovic said the latest third-quarter tally included 13 G700s and three G800s. In the first nine months, the Savannah, Georgia-based company handed over 113 aircraft (95 large cabins, 18 G280s), a 27% YOY increase over the 89 units (76 large cabins, 13 G280s) delivered. To date, Gulfstream has shipped 72 G700s, she added.
According to Novakovic, Gulfstream’s “remarkable growth” is being propelled by “the strength of the economy, resilient market and jet demand, and a slate of new models.” She also noted that supply-chain issues are now largely in the rear-view mirror.

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Business jet sales in the quarter were up 56%, while shipments climbed 39%

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