Gulfstream Ramps Up Output on Best Luxury-Jet Orders in a Decade
(Bloomberg) -- General Dynamics Corp. is ramping up private-jet output to keep up with orders that were the strongest in more than a decade during the fourth quarter.
The company expects to ship 123 Gulfstream aircraft this year, four more than last year. The pace of production will increase in 2023 when the planemaker expects to ship 148 aircraft followed by 170 jets in 2024, said Chief Executive Officer Phebe Novakovic on a conference call with analysts. JPMorgan Chase & Co. had forecast 2023 deliveries at 130.
“The sales pipeline remains robust and sales activity is brisk,” said Novakovic, adding that orders in the last three months of last year were the most for a quarter since 2008, when the company introduced the G650 aircraft.
Supply-chain constraints will keep Gulfstream from boosting production as much as it needs this year, Novakovic said. The company already had taken wing production in-house after a supplier couldn’t keep up and now will expand that wing manufacturing business to meet higher demand, she said.
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