Backlog Strong
"Operational efficiencies, along with matching new aircraft deliveries to a solid understanding of the evolving market, continue to contribute to the company's performance, which exceeds industry trends for turboprop and piston aircraft," said Piper President and CEO Simon Caldecott.
"Moreover, Piper's backlog is the strongest it has been in four years, with aircraft earmarked for retail customers well into next year all across the product lines. Piper's core business is strong. Our turboprop and piston aircraft lines are meeting or exceeding the company's internal financial and delivery targets."
Strong Dealer Network
Caldecott said the company delivered more international than domestic aircraft in the third quarter. He added that domestic deliveries generated more revenue, reflecting stronger sales of the company's flagship Meridian turboprop business aircraft to U.S. customers. He attributed much of the company's recent sales success to Piper's strong domestic and international dealer organizations.
"Piper's dealer organization, which spans the globe, is our underlying strength. Feedback from our dealers is essential to us in determining new aircraft product improvements going forward," Caldecott said. "We are steadfast in listening to our dealers and dedicating the resources required to continually improve our turboprop and piston business aircraft, along with our new training aircraft." Caldecott said Piper is stepping up the focus on product improvements through increased investments in existing lines.
Piper third quarter deliveries and new aircraft revenues are summarized below.
|
Model
|
Q1
|
Q2
|
Q3
|
Q4
|
2011 YTD
|
|
Warrior III
|
4
|
3
|
1
|
|
8
|
|
Archer LX
|
0
|
1
|
0
|
|
1
|
|
Seneca V
|
4
|
6
|
7
|
|
17
|
|
Seminole
|
0
|
3
|
5
|
|
8
|
|
Mirage
|
8
|
6
|
7
|
|
21
|
|
Matrix
|
3
|
7
|
5
|
|
15
|
|
Meridian
|
7
|
7
|
9
|
|
23
|
|
Total Units
|
26
|
33
|
34
|
|
93
|
|
Total Billings
|
$26,159,703
|
$31,141,182
|
$35,227,489
|
|
$92,528,374
|
