The North American market is returning to dominate Gulfstream’s orderbook, but overall market softness has “elongated” order cycles, says Jay Johnson, chairman, CEO and president of Gulfstream parent General Dynamics (GD). “Gulfstream continues to enjoy a sizeable, multiyear, large-cabin backlog and a robust order pipeline,” Johnson maintains, noting that the second quarter turned in the lowest number of defaults since the economic downturn began in 2008. “We are seeing, however, ...

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