Gulfstream Reports Rebound In Sales

By Kerry Lynch

While defaults continued to chip away at Gulfstream Aerospace’s backlog, parent company General Dynamics (GD) provided hope that the business jet market is reviving, announcing that Gulfstream’s first quarter yielded the largest number of new orders since mid-2008. “The Aerospace group is off to a very good start in 2010,” Jay Johnson, GD’s president and chief executive, told analysts last week in reporting the first-quarter results ...

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