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 2017 revenue and deliveries, fueled by increased demand for their training and M-class aircraft, with expected total deliveries exceeding 160.
- The increased demand led to a significant rise in production volume and a 20% expansion of their workforce, adding 300 employees in the past 18 months.
- The company anticipates a stable near-term future, citing existing aircraft orders for 2018, long-term trainer contracts, and a level-loaded, build-to-order business model.
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