RE:RE:Gulfstream Q2stockitnow wrote: Book to bill below 1 is concerning but it could be due to surge in G700 deliveries which made the quarter look good. Recall G700 was expected to be certified last year and delivered q4 2023. Those holdover G700 delivered now makes the quarter look good.
Right now GD stock is down 4.5%.
stock4life48 wrote: Strong earnings of $2.94 Billion on 37 deliveries (31 large & 6 mid)
Backlog of $20.409 Billion with a Book to Bill of 0.9x
Operating earnings of 319M
Long story short this should be good news for BBD tomorrow morning
That's exactly what happened Stock. I remember reading a while back that they had planes (G700) sitting outside unfinished without tail fins. That's probably the reason for the pretty high delivery in this Quarter. Once they got the tails or the other parts, they were easy to finish. That was one-off for this quarter.