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Non-Tech : Gulfstream Aerospace GAC

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To: Mel Spivak who wrote (84)	2/11/1998 10:12:00 PM
From: Carmine Cammarosano	Read Replies (1) of 197

The company ended the year with a firm contract backlog of 88 aircraft, or about $2.8 billion in future revenues. Chairman Theodore Forstmann said the company was on track to boost annual production to 60 planes by 1999. In 1997, it delivered 51 aircraft, compared to 27 aircraft in 1996. In the fourth quarter, Gulfstream delivered 14 aircraft, from seven aircraft in the fourth quarter of 1996. Gross margins are expected to continue to improve, the company said, after they rose to 22 percent of revenues in the 1997 quarter from 22.1 in the 1996 quarter.

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