What Happened
Business Jet Makers See Healthy Order Books Amid Supply Chain Constraints
General Dynamics and Textron have reported strong Q3 sales, with healthy order books and growing backlogs. Despite supply chain frustrations, both companies saw revenue increases, with General Dynamics’ Aerospace division rising 9.3% year on year and Textron Aviation’s revenue increasing 14% to $1.7bn. The companies’ backlogs also grew, with Gulfstream’s reaching $25.4bn and Textron’s standing at $8bn. According to AviNews, the strong results are a positive sign for the business-jet industry, but supply chain constraints remain a limiting factor.