Post by
stockitnow on Apr 26, 2023 8:05am
Gulfstream vs Bombardier
I am optimistic that Bombardier backlog will be better then Gulfstream for q1.
Report from GD shows order intake for aerospace was marginally down. Add in that Gulfstream used jet price decline by ~6% and Bombardier used jet price went up by ~20%. Bombardier jets looks like are in demand.
https://m.investing.com/news/stock-market-news/general-dynamics-revenue-rises-on-strong-demand-for-weapons-3064845
Sales in its aerospace unit, which makes Gulfstream jets, declined marginally.
Comment by
Truthifest on Apr 26, 2023 8:57am
Not marginally down, but hugely down, from US$3.2B to $1.7. Ouch. And thats with flat revenue. Best Ive ever been able to tell, Aerospace essentially = Gulfstream.
Comment by
Truthifest on Apr 26, 2023 9:17am
On the webcast, the company just said orders were ok till the regional bank crisis caused a big drop over 3 weeks, but has been better since. I have wondered what banks reducing lending would do to biz jet orders. If this is an example, the answer, at least for Gulfstream, evidently, is, not good.