Aircraft
Bizjet Deliveries at Gulfstream Aerospace Hit 1Q Record
Order intake also remained strong during the first three months
Gulfstream G800 is pictured in flight
The G800 ultra-long-range business jet has a range of 8,200 nm at Mach 0.85, which is 200 nm farther than expected. © Gulfstream Aerospace

Gulfstream Aerospace saw its highest-ever first-quarter delivery total, with 38 business jets (31 large-cabin and seven super-midsize G280s) handed over, Danny Deep, president of parent General Dynamics, said this morning during an investor call. That compares with deliveries of 36 aircraft (30 large-cabin and six G280s) in the same period last year.

According to Deep, the aerospace division—Gulfstream and FBO/MRO provider Jet Aviation—performed “very well” in the quarter. Revenues at the division rose 8.4% year over year, to $3.279 billion, while earnings soared 14.1%, to $493 million. Order intake stood at $3.843 billion, equating to a 1.2:1 book-to-bill ratio. Backlog, meanwhile, climbed to $22.267 billion as of March 31—up about $500 million quarter over quarter and some $3.3 billion higher than a year ago.