Piper Aircraft Reports Growth in Q2 Deliveries, Revenue

Vero Beach company said its diverse model lineup attracts a wide range of pilots.

Friday, August 18, 2023 at 11:44 AM ET

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Piper said demand for its M-Class aircraft helped drive an increase in second-quarter deliveries. [Credit: Shutterstock]

Key Takeaways:

Piper Aircraft Inc. reported significant growth in Q2 compared to 2022, with aircraft deliveries increasing by nearly 14% and revenue rising over 19%.
This improved performance was fueled by strong demand for both its high-performance M-Class models and training aircraft, resulting in backlogs extending into 2024 for M-Class and up to 2026 for trainers.
The company also achieved substantial international expansion, with global deliveries up 50% year-over-year, attributed to the broad appeal of its diverse aircraft lineup.

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Piper Aircraft Inc. released its aircraft delivery and revenue results for the second quarter, which increased compared with the same period in 2022. The company said its performance improved “across all metrics” as the overall general aviation market continued to stabilize.

Piper’s airplane deliveries for the recent quarter increased by seven, or almost 14 percent, while revenue rose by $9 million, or more than 19 percent. The results reflect strong demand for Piper’s M-Class high-performance top-endtop-ene models as well as its training aircraft.