Gulfstream Plans to Deliver G700s in First Quarter This Year Written 26 January 2024

FlightGlobal reports that Gulfstream “is hoping that deliveries of its G700 can begin in the current quarter after slower than anticipated certification of the ultra-long-range business jet by the Federal Aviation Administration caused revenue and profit to fall below expectations for 2023.” US type approval “for the Rolls-Royce Pearl 700-powered G700 was anticipated in the fourth quarter, enabling 15 deliveries by year end.” However, that “did not happen, causing Gulfstream’s parent General Dynamics to miss out on around $1 billion in revenue and $250 million in earnings for the three-month period.” General Dynamics CEO Phebe Novakovic “said Gulfstream has told the first customers for the jet to ‘schedule their pre-delivery inspections contemplating delivery this quarter.’” Gulfstream expects to “deliver 50 G700s this year, a large proportion of the 160 jets it expects to hand over in 2024.”
Full Story (FlightGlobal)