Gulfstream Aerospace’s deliveries of completed aircraft more than doubled to 38 (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 yesterday morning. In the first nine months, Gulfstream (Booth No. N3932) has 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.
The Gulfstream Elite interior concept that made its debut in the G650 and found its second application in the G450, has now arrived–literally–here in Las Vegas, in a G550. It is on display, inside N550GA, at Henderson Executive Airport during NBAA 2013. To date, Gulfstream has delivered some 30 Elite cabins.
Yesterday Mark Burns, president of Gulfstream Aerospace product support, summarized the company’s latest efforts in the product support arena, which includes 3,850 personnel, 11 Gulfstream-owned service centers, 14 Jet Aviation facilities, more than $1.4 billion in parts and materials, upgraded Field and Airborne Support Team (Fast) G150s and three rapid-response Fast trucks, in Los Angeles, Houston and New York.
“Indicators are marginally better, but momentum is insufficient for us to abandon our caution.” That is the tepid verdict of the analysts in J.P.Morgan’s latest business jet monthly update, released yesterday. The report notes that growth in U.S. business jet flight operations is currently the “key positive trend,” with the fifth consecutive year-over-year increase registered in August.
Over the past six years, Gulfstream Aerospace has enjoyed seven-fold growth in the Russia and CIS market, with the number of its aircraft based in the region rising from 11 in 2007 to 76 as of the end of June this year. According to Trevor Esling, the U.S. manufacturer’s senior vice president for international sales, this year’s first half proved to be the slowest period for Russia and CIS sales since the financial crisis of 2009 briefly unsettled this growth market. But he has high hopes for an uptick in the remainder of this year.
Gulfstream Aerospace’s enhanced vision system (EVS) II and head-up display (HUD) II for the G280 are now FAA certified, the company announced late last week. Combined, the systems–which are integrated with the G280’s Rockwell Collins Pro Line Fusion-based PlaneView280 avionics–allow pilots to see terrain, runways, taxiways and possible obstructions in low-visibility conditions.
General Dynamics’s aerospace division, which includes Gulfstream Aerospace and Jet Aviation, had “a powerful quarter, with the highest revenue, operating earnings [and] operating margins reported in the last six quarters,” according to chairman and CEO Phebe Novakovic. Aerospace revenues for the first half climbed $616 million or 19.2 percent, with operating earnings up $171 million (32.4 percent), she said, “a clear manifestation of Jet Aviation’s return to profitability and the performance improvement at Gulfstream.”
Phebe Novakovic, CEO of Gulfstream parent company General Dynamics, says that Gulfstream has remedied the production/completion “disequilibrium” (her word at the time) that slowed initial deliveries of the G650. Speaking this morning at the Deutsche Bank Global Industrials and Basic Materials Conference in Chicago, she said approximately 30 copies of the airframer’s new flagship had to undergo retrofits in the completions process to comply with FAA certification requirements.
Created in 2012 by industry veterans Cass Anderson and Jeff Habib, Intercontinental Aircraft Group (IAG) is a New York City-based consultancy service that provides third-party advice for business jet acquisitions and operations. IAG can provide aircraft needs assessment, mission-profile analysis, financial comparison and optimization, aircraft technical comparison, market analysis, aircraft valuation and contract negotiation.
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