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CLAIM #25471 · GD (GD) · 2024Q1 earnings call · Apr 24, 2024 · due Sep 30, 2024

I will say the program is doing extremely well. And it's -- it will fly in the third quarter, and I think we'll be flying a pretty mature airplane.

Phebe Novakovic · CEO

PENDING
graded after results covering Sep 30, 2024 are reported

In context

doing quite well and are slightly ahead of our schedule. We're still sticking to our deliveries, but I think it's notable that they're managing pretty well in this tough environment. Operator: We will take our next question from Cai von Rumohr with TD Cowen. Cai Von Rumohr: Good quarter. Phebe Novakovic: Thanks, Cai. Cai Von Rumohr: So could you update us on the status of the G400? How is it doing? And is it fair to assume that it might have a gap of approximately 12 months between its certification and that of the G800? Phebe Novakovic: I think I said last quarter, I'm done predicting process over which we have little control. We've tried in the past to give you indicators of our internal -- or actually, our internal -- our dates. So I'm kind of out of the detailed predicting mode. I will say the program is doing extremely well. And it's -- it will fly in the third quarter, and I think we'll be flying a pretty mature airplane. Cai Von Rumohr: Excellent. And then your R&D was up a fair amount in the first quarter. Could you give us some color of the pattern of the R&D at Gulfstream this year and looking forward? How should we think about that? Phebe Novakovic: Well, pretty much steady as she goes, particularly this year. We've got a number of, as you know, programs in the certification process. And so I'd see that at least through this year is pretty consistent. No real surprise this year, steady as she goes. Operator: And we will take our next question from Jason Gursky with Citigroup. Jason Gursky: Phebe, I wanted to just quickly go back to your comments on Aerospace and what, I guess, you described as an elongation of your sales cycle. Maybe you could just talk a little bit about the overall size of the p

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SEC filings for GD · Claim quote is verbatim from the 2024Q1 earnings call.