Gulfstream Sees 'Encouraging' Activity in Bizjet Market

“There’s a fair amount of caution out there, but we're seeing steady activity at our aerospace division, which consists of Gulfstream and Jet Aviation,” Jay Johnson, chairman and CEO of Gulfstream and Jet Aviation parent company General Dynamics, said yesterday at the Morgan Stanley Global Industrials Unplugged Conference. Backlog for current-production large-cabin Gulfstreams is “about where we want to be” at 18 months, he noted. There are also orders for about 200 G650s, which won’t start being delivered until 2012. Johnson said the midsize business jet market is “beginning to stabilize,” though added, “It’s not where it needs to be or where it will be, but we're seeing order book activity for mid-cabin Gulfstreams at modest but encouraging levels.”   READ MORE: AINOnline.com