Gulfstream Orders Soar in Second Quarter

 - August 26, 2011, 8:05 AM

“Second-quarter Gulfstream orders were the largest we’ve seen since the economic downturn began,” said Jay Johnson, chairman of Gulfstream Aerospace parent company General Dynamics. In the three-month period, Gulfstream’s backlog climbed $428 million to $18 billion, representing an 18- to 24-month supply for in-production large-cabin jets. This backlog includes orders for more than 200 G650s, with the aircraft type on track to receive certification later this year. Overall, Gulfstream sales are expected to be up 14 to 15 percent this year, according to Johnson. Gulfstream delivered 23 jets in the second quarter: 20 large-cabin models and three midsize. This is five fewer than in the same period last year, solely because of weaker deliveries of midsize jets. However, Johnson noted that the midsize jet market is improving. Gulfstream expects to deliver 80 large-cabin jets–including 10 to 12 G650s–and 15 to 20 midsize aircraft this year.