GD soaring on Gulfstream sales

Aviation International News » August 2008
July 30, 2008, 5:18 AM

Gulfstream Aerospace parent General Dynamics late last month reported a 25-percent increase in profits during the second quarter, thanks in large part to climbing sales of Gulfstream business jets. The company posted a second-quarter profit of $641 million, up from $513 million in the same period a year ago, on sales of $7.3 billion. At Savannah, Ga.-based Gulfstream, the aircraft sales backlog stood at $1.32 billion as of June 30, up more than 10 percent year-over-year. “Growth in the aerospace backlog is a reflection of continued demand for the entire existing product line and extremely strong demand for the new Gulfstream G650,” said General Dynamics chairman and CEO Nicholas Chabraja.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.