Gulfstream Down On Delivery Performance For Q3'23 Gulfstream is likely hoping that full FAA Certification is given for their G700 aircraft soon as that would help the last quarter deliveries rise. We say this on the context of Gulfstream falling short of their delivery performance for the third quarter. For this quarter the General Dynamics company managed to ship 27 business jets to customers which included 2 large-cabin and five midsize jets. Compare this to Q3 of 2022 when Gulfstream shipped 35 business jets (28 large cabin and 7 midsize).
Gulfstream says they are on track to deliver between 40 and 45 units in the last quarter of this year. If the G700 is certified very soon then that number will rise possibly to near 60 units. Regardless it does not appear that Gulfstream will be able to match their 2023 delivery guidance of 145 aircraft. Performance in the third quarter hit both Gulfstream and Jet Aviation as the aerospace arm of General Dynamics. They slid down to 2.03 billion which is a shaving of about 315 million dollars.
With respect to delivery performance Gulfstream has blamed supply-chain issues for exacerbating the problems. Gulfstream is being cautious in suggesting that early 2024 supply-chain problems will stabilize. They will analyze after the new year has started how these issues will affect the 2024 outlook. Despite being down on their usually good delivery performance, order intake has been pretty good for Gulfstream. For more information: Gulfstream Aerospace 500 Gulfstream Road Savannah, GA 31407 www.gulfstream.com ***
