Reuters reports that General Dynamics’s Gulfstream Aerospace reported 40 business jet deliveries in the fourth quarter of 2020, which was down from 44 in 2019. The aerospace unit “posted a 16.9% fall to $2.44 billion. Total revenue fell 2.7% to $10.48 billion.” However, “the broader business jet market saw an order boost late in 2020 as U.S. buyers rushed to take advantage of favorable tax rules they feared could change under the new Biden administration.” Full Story (Reuters)
