Gulfstream closed 2025 with a steep jump in aircraft deliveries and strong demand that pushed parent company General Dynamics’ aerospace backlog to new heights. General Dynamics said its aerospace segment, which includes Gulfstream and Jet Aviation, generated $13.11 billion in revenue in 2025, up 16.5% year over year, and delivered $1.746 billion in operating earnings. Profitability was stronger for the full year as well, with the aerospace operating margin rising to 13.3% from 13.0% in 2024. The company also noted $41 million in tariff-related headwinds for aerospace in 2025, with a higher impact expected in 2026. Looking ahead, General Dynamics forecast about 160 Gulfstream deliveries in 2026, with aerospace revenue expected to rise to $13.6 billion and operating earnings to reach about $1.9 billion.