Gulfstream Bucks First-Quarter Trend
Well, Bloomberg got most of its predictions about the state of business aviation right in its pre-first quarter analysis predicting a bloodbath in their numbers. But it included Gulfstream's parent General Dynamics in the doom and gloom and the iconic planemaker actually did quite well. In fact, Gulfstream's margins dipped only slightly from 18.5 percent in the same quarter last year to 17.7 percent in the first four months of this year on new aircraft and that revenue in the aerospace division, which includes Gulfstream, newly-acquired Jet Aviation and General Dynamics Aviation Services, was up 13.8 percent, a Gulfstream spokesman said in an email to AVweb.
He said the company delivered 31 aircraft (18 large cabin, nine midsize) and 34 aircraft (18 large, 16 mid) were completed. He said Gulfstream's revenue is not reported separately from the whole aerospace division but it was a contributor to the bottom line.