Piper's deliveries and revenue soar in Q3 2017
PUBLISHED: 12:38 13 October 2017 | UPDATED: 12:38 13 October 2017
The single-engine Archer TX lead the sales expansion as they delivered 42 aircraft worth $48.6m
Piper Aircraft, Inc. announced on October 8 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 revenue 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.
“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.”
To find out more about Piper Aircraft Inc visit their website.