Aircraft
G800 Driving Sales at Gulfstream, Says Jefferies
But G700 orders are additive, according to the chairman and CEO of parent company General Dynamics
Gulfstream G800
Gulfstream G800 © Mariano Rosales/AIN

Gulfstream Aerospace’s 71% increase in orders, to $4.3 billion, in the third quarter was driven by G800 sales, according to analyst Jefferies. The OEM’s backlog now extends to more than two years of aircraft production, given Jefferies’ delivery forecast of 156 Gulfstream jets this year and 160 next year. This growth will be mostly driven by the G800, the analyst said, with an estimated 13 of the ultra-long-range jets to be handed over this year, rising to a forecasted 20 next year.

Notably, Phebe Novakovic, chairman and CEO of Gulfstream parent General Dynamics, said on Friday during an earnings call that most of the G800 orders are from existing G650/650ER customers who are looking to upgrade, while those for the G700 are “incremental” and thus additive.