First quarter results for General Dynamics revealed the largest number of new orders since mid-2008. Jay Johnson, GD’s president and CEO said, “The Aerospace Group is off to a very good start in 2010.” The business group includes Gulfstream Aerospace, Jet Aviation and GD Aviation Services divisions. International orders dominated the ledger for Gulfstream, continuing a trend away from North American dominance. Johnson added, “Orders were representative of every major international region.” Default continue to be an issue with Gulfstream, as they have been with all aircraft manufacturers. But the company remains confident its ledger book will continue to strengthen in light of the improving world economy. Separately, development continues on Gulfstream’s newest model, the G650 with Sunday’s test flights conducted at the proposed maximum Mach speed (Mmo) of Mach 0.925.
Despite Defaults, Gulfstream Parent Sees Market Revival
Key Takeaways:
- General Dynamics reported its highest new orders since mid-2008 in Q1 2010, with its Aerospace Group (including Gulfstream) off to a strong start.
- Gulfstream's orders were predominantly international, representing every major region and marking a shift away from North American dominance.
- Despite ongoing issues with defaults, Gulfstream remains confident its ledger will strengthen due to the improving global economy.
- Development of Gulfstream's new G650 model is progressing, with recent test flights conducted at its proposed maximum Mach speed.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
