Analysts: G650 orders boost Gulfstream backlog
Gulfstream has received some highly publicized orders for the G650, including a letter of intent (LOI) from Abu Dhabi-based Prestige Jet to purchase five a

Gulfstream has received some highly publicized orders for the G650, including a letter of intent (LOI) from Abu Dhabi-based Prestige Jet to purchase five aircraft. Gulfstream has not stated publicly how many orders it holds for the airplane, but the most recent earnings report from its parent company, General Dynamics, provides some data from which inferences can be drawn.

A look at the stock history of the major aerospace and defense companies shows an almost uniform drop in share value in the last six months. Of the handful of companies that so far appear recession-proof, General Dynamics is almost at the head of the pack.

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