Gulfstream G650
The Gulfstream G650/650ER continues to see "solid demand," with 370 of the aircraft now in service, according to Phebe Novakovic, the chairman and CEO of parent company General Dynamics. (Photo: Gulfstream Aerospace)

Gulfstream Bizjet Shipments Soar

Business jet deliveries at Gulfstream Aerospace climbed 25 percent in the year's first half, with large-cabin shipments solely driving this increase, parent company General Dynamics announced recently. In the first six months, the Savannah, Georgia aircraft manufacturer handed over 50 large-cabin jets, up from 37 a year ago, while midsize jet deliveries remained flat at 15 units.

First-half revenues at General Dynamics’ aerospace division, which includes both Gulfstream and Jet Aviation, rose 17.3 percent year-over-year, to $4.332 billion, though earnings fell $73 million, to $659 million, as an increase in preowned transactions—five in first-half 2019 versus two during the same period last year—eroded margins, the company said. However, this surge in preowned sales has prompted General Dynamics to marginally inflate full-year aerospace revenue and earnings guidance to $9.95 billion and $1.525 billion, respectively.

Aerospace book-to-bill in the period was 1.23:1, with General Dynamics chairman and CEO Phebe Novakovic noting “robust order activity” in the second quarter and “solid demand” across the in-production Gulfstream product line. Backlog for the segment ended the second quarter at $12.145 billion—roughly flat from both three and 12 months earlier.

G600 Crosses the Finish Line

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G600 Crosses the Finish Line

The large-cabin, long-range business jet is the latest addition to Gulfstream’s lineup.

Meanwhile, Novakovic said Gulfstream is set to deliver its first G600 next month, following FAA type and production approval last month.