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News: Piper Continues Upward Trend In Q3

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  1. Deliveries; Revenue Continues Upward In Q3 For Piper

    Piper is continuing where it left off in the 2nd quarter of the year with decent revenue and deliveries. The same has filtered through to the end of the third quarter and thus the company had decent figures to report. 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.
  2. 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. “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.”

    For more information:

    Piper
    2926 Piper Drive
    Vero Beach, FL 32960
    www.piper.com
    ***


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