With Q3 earnings report looming, stock is down 11pts. from end of Q2. Also missing from the all hands meeting, were any production numbers. With a book to build of 0.54:1 at the end of Q2 and silence regarding new orders, this will result in a slowing of production. The new CFO brought in from the Defense side of GD, will recommend the appropriate actions to return the Aerospace division to increase the book to build ratio. Be ready my friends.
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Hopefully being from GD he won't fall for the usual Gulfstream management excuses. Once they start getting rid of the id–ts that run the place I'll believe there could be some good change.
The pilot community is reporting in my flying magazines, an uptick in demand in companies and wealthy individuals seeking private air travel that doesn’t involve an airline-operated plane in the COVID-19 world. There’s an awful lot of money out there. I’m optimistic.
Trying to sound smart is for management. You're just silly.