Gulfstream delivered 39 large and midsized-cabin aircraft worth $2.5 billion in the fourth quarter. [Courtesy: Gulfstream]
Key Takeaways:
Last year was Gulfstream's strongest since 2008, driven by high demand for its jets.
General Dynamics reported strong full-year net earnings of $3.3 billion on $38.5 billion in revenue and holds a total estimated contract value of $127.5 billion.
The aerospace segment experienced significant growth in its backlog, up 40% to $16.3 billion, and maintained a healthy 1.6-to-1 book-to-bill ratio for the year, despite a slight decrease in overall segment earnings.
Last year was the strongest year for Gulfstream since 2008, General Dynamics (NYSE: GD) said in its fourth-quarter earnings call Wednesday.
“Our continued focus on operating performance and protecting the health and safety of our employees contributed to strong fourth-quarter and full-year results,” General Dynamics’ chairman and CEO Phebe Novakovic said in a statement.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
