Piper Aircraft Announces 23% Growth for 2017
VERO BEACH, Fla., February 7, 2018 – Piper Aircraft, Inc. announced today a 23% increase in aircraft deliveries for 2017 as well as a 27% increase in total billings.
The substantial growth was driven by a 50% YOY increase of Piper single engine primary trainer aircraft deliveries as well as a 70% increase in deliveries of multiengine trainers. Additionally, sales of Piper’s flagship product, the M600, expanded by 59% which helped drive Piper total billings up by nearly $41M vs 2016. International deliveries of Piper products showed moderate growth of 5%, resulting in 25% of Piper products being shipped to countries outside of North America.
In addition to Piper’s sales success, the company celebrated 80 years of manufacturing excellence during 2017 as well as the completion of 6 new amended type certificates. The continued rise in demand for Piper trainers has resulted in order backlog into 2019 as well as a 25% increase in workforce.
“Piper’s ability to level-load aircraft production has allowed us to meet solid financial growth and performance goals while expanding our worldwide sales visibility and efforts, especially in the pilot training realm,” said Piper President and CEO Simon Caldecott. “As we look towards 2018, we are excited about the growth in demand for aircraft trainers and the resulting contracts that we have been awarded, which has helped create a backlog of orders. Additionally working with our full-service Dealers, we look to continue to grow M-class demand and sales,” he added.
About Piper Aircraft
Piper Aircraft Inc., headquartered in Vero Beach, Fla., offers aviators throughout the world efficient and reliable single- and twin-engine aircraft. The single-engine M-Class series – the M600, M500, M350 and Matrix – offers businesses and individuals elegant performance and value. The Twin Class Seneca V and Seminole balance proven performance, efficiency, and simplicity in twin-engine aircraft. The Trainer Class Warrior, Archer TX, Archer DX, Arrow, Seminole and Seneca V aircraft form the most complete technically-advanced line of pilot training aircraft in the world. All Piper airplanes feature advanced Garmin avionics in the cockpit. Piper is a member of the General Aviation Manufacturers Association.
SOURCE: Piper Aircraft