General Dynamics’ Aerospace Group Shines
General Dynamics’ aerospace group is on track to post a modest growth in revenue over last year, according to company CEO and chairman Jay Johnson. Speaking last month at the Credit Suisse Aerospace and Defense Conference in New York, he said the group’s revenues were up for the first three quarters of the year, particularly in the third quarter due to higher volume in manufacturing at Gulfstream and steady growth in aircraft services at its Gulfstream and Jet Aviation facilities. The entire aerospace group finished the third quarter with a $17.6 billion backlog, while Gulfstream took in more aircraft orders than in any period since mid-2008. The company anticipates 2011 deliveries of more than 70 large-cabin aircraft, not including up to 12 green G650s, certification of which is expected by mid-year.