Cessna and Gulfstream Ramping Up Production

AINalerts » January 26, 2006
January 10, 2007, 8:43 AM

Significant increases in orders and deliveries will boost substantially the production of Cessna and Gulfstream business jets, according to the 2005 year-end financial reports just released by the OEMs’ respective parent companies, Textron and General Dynamics. Cessna booked orders for 100 Citations in the fourth quarter, bringing last year’s total orders to 329. The Wichita company believes it can deliver between 295 and 300 jets this year, slightly more than its previous estimate of 290 and a 19-percent increase over the 249 jets delivered last year. Textron said Cessna is sold out this year “with a little more than 290 orders in hand. We also have nearly an identical number of orders for 2007–about 290.” Meanwhile, a 27-percent increase in orders to 121 aircraft last year, compared with sales of 95 aircraft in 2004, and a further expected increase in sales is prompting Gulfstream to increase production. The Savannah, Ga.-based OEM expects to deliver a record 111 business jets this year and 127 next year. Gulfstream delivered 78 green aircraft in 2004 versus 89 last year, the most deliveries since the record of 101 in 2001

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