October 26, 2016 Corporation General Dynamics reported for the third quarter of the current year. In the aviation unit of the Corporation includes the manufacturer of business jets, Gulfstream Aerospace and provider of business aviation Jet Aviation.
General Dynamics reports that in the third quarter of 2016 year total revenues amounted to $7.731 billion, while a year earlier, revenue was at 3.3% more-$ 7.994 billion. At the same time, operating profit corporation during this period compared with the third quarter of 2015 at 3.4%, to $1.069 billion. However, the net profit was lower at 6.8% ($683 million) and amounted to $2.48 per share, compared with profit of $2.28 per share for the same period in the year 2015.
In the third quarter of 2016 year aviation segment of the Corporation, which includes Gulfstream Aerospace and Jet Aviation, received revenue of $2.017 billion, to $326 million. less ( -13.9%) than in 2015 g. Operating profit also fell, but only by $11 million and was $437 million. ( -2.6%). As a result, the quarterly profitability units amounted to 21.7% (in the third quarter of 2015 year this option was at 18.2%), while General Dynamics overall profitability in the third quarter of 2016 year amounted to 13.8%.
Since the beginning of the year Division Aerospace earned $6.138 billion, up 8.5% less than last year. Operating income for the first nine months also fell, but the fall is not as strong, at 1.1 percent, or $14 million, and amounted to $1.282 billion.
At the end of the third quarter of the year 2016 total portfolio aviation unit to General Dynamics totaled $11.523 billion. This figure is slightly lower than at the end of the first quarter of the year 2016 ($11,755 billion) and significantly less than the previous year ($13,559 billion).
According to the Chairman and ceo of General Dynamics Phoebe Novakovic (Phebe Novakovic) company Gulfstream operates on the planned transfer of the production process from legacy G450 and G550 to new G600 and G500. completed Deliveries of business jets Gulfstream in the third quarter from 37.2% fell. However, with regard to the current quarter orders became the strongest third quarter with year 2011 and head of General Dynamics hopes that this impetus will continue sales in the current quarter.
Commenting on the transition from legacy to new aircraft Gulfstream, Phoebe Novakovic said that the G500, which will replace the (G) 450, “progressing well” and in terms of flight tests, and tempo of production. it can be certified in the next year, and commissioning and first deliveries are expected by the end of the year 2017 years. This is somewhat earlier than previously forecast. First flight G600-receiver G550 is expected soon, and it lags behind schedule for a period of one year from the G500.
Gulfstream aircraft production in the third quarter and nine months, 2016.
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Russia, St-Petersburg, Efimova 3.
US, New York, Plattsburgh.