Gulfstream’s flagship G700 was certificated in March. (01/02/2025)
Gulfstream has slashed the number of G700s it expects to deliver this year on the back of continued supply chain issues.
Previously the US airframer had forecast shipping 50-52 examples of its flagship business jet this year, following its March certification, but worse-than-expected performance over the last two quarters has seen the annual total cut to 42.
In the three months ended 30 September, Gulfstream handed over just four G700s, against a target of 15-16, while in the preceding quarter 11 were delivered rather than the 15 forecast.
Presenting parent company General Dynamics’ third-quarter earnings on 23 October, chief executive Phebe Novakovic said multiple supply chain issues caused the G700 shortfall.