In 2008, just before the global financial crisis, Gulfstream Aerospace delivered 156 business jets. This is still the high-water mark for the Savannah-based manufacturer. But during the Q4 investor call at the end of last month, the company said it confidently expects to shatter that record in 2024 by delivering an estimated 170 units.
In 2020, Gulfstream handed over 127 business jets, which fell to 119 units delivered in 2021 as the Covid pandemic disrupted production. In 2022, it expects total deliveries to increase modestly to 124, as supply chain issues continue to suppress productivity. But in 2023, it predicts that business jets deliveries will finally grow substantially to 148, before hitting new heights in 2024. Gulfstream is expected to ramp up production over the next two years, which will see the introduction of both the G700 and G800, while the G400 is also set to join the family in 2025.