Gulfstream Poised To Finish Year on a High Note
Third-quarter results show that Gulfstream is on its way to ending this year with significantly improved numbers in deliveries, earnings and sales. According to figures released by parent company General Dynamics, Gulfstream delivered a total of 57 green aircraft in the first nine months of this year, compared with 53 in the same period last year. Earnings and margin rates more than doubled. The manufacturer should easily meet the 18 more deliveries needed to exceed last year’s total of 74, but not necessarily the 28 more deliveries needed to match 2002’s year-end total. Gulfstream plans to deliver between 58 and 60 large-body Gulfstreams next year, compared with about 55 this year.