CLAIM #25472 · GD (GD) · 2024Q1 earnings call · Apr 24, 2024 · due Dec 31, 2024
“Well, pretty much steady as she goes, particularly this year... So I'd see that at least through this year is pretty consistent. No real surprise this year, steady as she goes.”
Phebe Novakovic · CEO
In context
“0? 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 pipeline and how that is evolving. I understand things are taking longer to close, but I'd also be kind of curious to know whether there are an increasing number of people that are interested. Phebe Novakovic: So the pipeline remains robust. And I look to that as encouraging, a good sign. It's been that way for a while. People want our airplanes, and that's driving demand. Jason Gursky: Okay. Great. So good metr”
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SEC filings for GD ↗ · Claim quote is verbatim from the 2024Q1 earnings call.