Gulfstream Aerospace’s deliveries of completed aircraft more than doubled to 38 aircraft (32 large-cabin and six midsize jets) in the third quarter versus 17 large-cabin jets in the same period a year ago, parent company General Dynamics said during its quarterly investor conference call this morning. In the first nine months, Gulfstream shipped 103 outfitted airplanes (87 large cabin, 16 midsize), a nearly 81-percent rise from the 57 aircraft (52 large cabin, five midsize) handed over to customers in the same period last year.
Third-quarter revenues at General Dynamics’ aerospace division, which includes Gulfstream Aerospace and Jet Aviation, were $1.8 billion, up 30 percent from a year ago due to more green G650 deliveries, while profits rose 20.3 percent, to $261 million.
Cooling demand from the recently buoyant Chinese market for business jets is set to result in weaker overall sales for 2012, Gulfstream Aerospace president Larry Flynn said this week at Jet Expo in Moscow. The U.S. manufacturer has seen a dip in new orders from China this year in a reversal of last year’s market conditions in which Flynn said, “Overheated orders from China drove our 2011 sales well ahead of plan.”
Crediting participation in LABACE for much of its success in the Latin American aviation market, Gulfstream Aerospace is at the show this year with a broad representation of its range of business jets: the G550, G450 and the G150.