Business View Magazine - April 2024

GULFSTREAM DELIVERIES SET TO TAKE OFF IN 2024 Source- www.ainonline.com, Chad Trautvetter, First Published, April 24, 2024 Gulfstream deliveries edged up slightly in the first quarter but did not nearly double from a year ago as planned, since FAA certification came too late to start handing over G700s before April, Phebe Novakovic, chair and CEO of parent company General Dynamics, said this morning during an investor call. The Savannah, Georgia aircraft manufacturer shipped 24 jets (21 large-cabins and three super-midsize G280s) in the quarter, up from 21 (17 large-cabins and four G280s) in the first three months of 2023. According to Novakovic, Gulfstream had planned to deliver 15 to 17 G700s in the first quarter but will still meet its target of handing over 50 to 52 of the ultra-long-range jets by year-end. What she called Lot 1—the first 20 G700s—needed unspecified post-certification modifications but are now ready for delivery to customers, with another seven to eight of the twinjets ready by June. Novakovic said G700 O p e n i n g L i n e s 7 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 04