Gulfstream “held its own again in the third quarter” despite a planned five-week plant shutdown, according to Jay Johnson, president and CEO of parent company General Dynamics. Due to the shutdown, Gulfstream delivered 14 green large-cabin jets in the quarter versus 24 a year ago; it also delivered only three green midsize jets in the three-month period compared with 16 last year. However, Gulfstream still plans to deliver 73 large-cabin aircraft total this year and about the same number next year, though midsize production could be reduced further next year since this segment remains “unsettled.” Backlog stands at more than $19 billion, and large-cabin production is sold out in 2010, as well as much of 2011 and 2012. Johnson said the business jet market has stabilized and is on the road to recovery.
Gulfstream on track for ’09 deliveries
- October 29, 2009, 5:13 AM