The parent company General Dynamics announced this morning that Gulfstream Aerospace missed the delivery of 12 aircraft scheduled for last year and delivered 120 aircraft because three aircraft were delayed between the last quarter and the beginning of this year. The company delivered 96 large-cabin and 2 medium-cabin G280 aircraft, compared to 119 aircraft in 2021 (103 large-cabin and 16 G280).
Looking ahead, General Dynamics President and CEO Phebe Novakovic plans 145 deliveries to Gulfstream’s aerospace division this year. turnover should increase to 10.4 billion dollars. He also confirmed the forecast that 170 aircraft will be delivered next year. Despite last year’s less favorable supply mix, General Dynamics’ aviation division, which includes FBO/MRO Jet Aviation, reported a 5.3 percent increase in revenue year over year to about $8.6 billion and a 9.6 percent increase in revenue to 1.13 billion USD. . According to Novakovic, this is due to higher service revenue from both Gulfstream and Jet Aviation.
She noted that total aerospace orders at the end of 2022 were $19.516 billion, up 20 percent from a year ago and up 68 percent from two years ago. Aerospace book-to-invoice was 1.2:1 in the fourth quarter and 1.5:1 in Gulfstream alone. “Gulfstream received 30 new aircraft orders over the past two years, including 00 net orders after cancellations,” Novakovic said, adding that aircraft sales remain strong in North America and continue to grow in the Middle East and Southeast Asia (excluding China).
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