Posted on 8/2/2018
Gulfstream Aerospace deliveries fell 13.3 percent in both the second quarter and the first half of this year, according to parent company General Dynamics’ second-quarter results released today. During the quarter, the company handed over 26 business jets (18 large cabin, eight midsize), compared with 30 (23 large, seven midsize) last year. First-half deliveries totaled 52 (37 large, 15 midsize), versus 60 (46 large, 14 midsize) in the same period last year.
Revenues at General Dynamics’ aerospace division, which includes Gulfstream and Jet Aviation, fell $432 million year-over-year, to $3.72 billion, in the first half. Segment earnings slid by $128 million, to $732 million.
Sales were a bright spot at Gulfstream, which reported a 1.3:1 book-to-bill ratio, boosting aerospace backlog during the quarter by about $300 millio...