Gulfstream sales continue to soar

 - April 28, 2008, 9:21 AM

Sales of Gulfstream business jets in the first quarter increased 17 percent year-over-year, Nicholas Chabraja, chairman and CEO of parent company General Dynamics, said during an April 23 investor conference call. Backlog at the Savannah, Ga. aircraft manufacturer climbed $200 million in the quarter, and that includes only sales of in-production aircraft. Gulfstream didn’t start taking orders for the new G650 until April 15, after the first quarter ended. Chabraja said there has been an “overwhelming response” to the G650. First-quarter deliveries at Gulfstream landed at 37 green aircraft, compared with 30 in the same period last year.