What better way to interpret the economic tea leaves than a peek at the end-of-year numbers. For Piper Aircraft, data released yesterday showed a company-reported, double-digit growth in aircraft revenue and deliveries in 2017. Prominent in those numbers was the increase in demand for Piper’s training and M-class aircraft.
Piper Reports Hefty Increase in Aircraft Deliveries
Key Takeaways:
- Piper Aircraft reported double-digit growth in revenue and deliveries for 2017, primarily driven by increased demand for its training and M-class aircraft.
- The company expects to deliver 160 aircraft in 2017 and increased its workforce by 20% (300 new hires) to over 900 employees due to higher production volumes.
- Piper maintains a stable near-term forecast thanks to existing orders for 2018, long-term trainer contracts, and a level-loaded, build-to-order business model ensuring consistent workload.
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