Piper Aircraft, Inc. has
announced its aircraft sales and delivery results for the third
quarter of 2017, ending September 30th.
Aircraft sales continued
to grow in both the Trainer class and M-class product lines with the
flagship M600 and the single engine Archer TX trainer leading the
sales expansion for the company.
The company delivered
42 aircraft in Q3 worth $48.6m. The 2017 year to date performance
also grew over the same period in 2016 with a nearly $45m or 57%
increase. Additionally Piper product deliveries have grown by 19
units, when compared to the same period in 2016, which represents a
24% increase. Piper Archer deliveries continue to expand with 55%
more units delivered vs. 2016.
|
The flagship
Piper M600 single-engine tutboprop. |
"In Q3, our
continued investments across all of our products as well as our
commitment to a made to order business model has helped drive
another quarter of strong growth and sales expansion and has also
resulted in the lowest dealer inventory levels that we have seen in
5 years," said President and CEO,
Simon Caldecott.
"As we look forward to the last quarter of the year, deliveries of
our value leading products are expected to continue to increase with
deliveries of our robust primary aircraft trainers expected to reach
their highest level in 14 years." |