Civil Municipal - April 2024

shipments will be evenly paced throughout the year, meaning around 17 per quarter. Gulfstream expects to deliver about 160 aircraft in total this year, up from 111 in 2023. Meanwhile, General Dynamics’ aerospace division, which includes Gulfstream and Jet Aviation, reported revenues of $2.084 billion and operating earnings of $255 million in the quarter, both up by more than 10 percent from a year ago. Novakovic termed the sales pipeline at the division “robust,” with strong demand for new-production Gulfstreams and aircraft maintenance services. Book-to-bill was 1.2:1 in the first three months at the aerospace division, with backlog up slightly quarter-over-quarter, to $20.454 billion. Supply-chain issues continue to weigh on Gulfstream—with parts shortages still occurring on the production lines—but are “getting better,” Novakovic said. 8 CIVIL AND MUNICIPAL VOLUME 5, ISSUE 04