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, primarily driven by increased demand for its training and M-class aircraft.
- The company expected to deliver 160 aircraft in 2017 and expanded its workforce by 20% (300 new hires in 18 months) to over 900 employees due to higher production volume.
- Piper's CEO forecast a stable near-term future, backed by existing aircraft orders for 2018, long-term trainer contracts, and a build-to-order business model.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
