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Piper 3rd Quarter Revenue, Deliveries Up Again

VERO BEACH, Fla. - October 25, 2012

During the third quarter of 2012, Piper Aircraft’s new aircraft revenue and deliveries continued to increase.

 

Piper’s initiative to level-load factory production is reflected in the company’s steady delivery pace for the first three quarters of 2012. Revenue from new aircraft sales through the end of the 2012 third quarter grew to $106.9 million, compared with $92.5 million during the same period in 2011, an increase of more than 15 percent.

 

During the third quarter, Piper delivered 40 aircraft and received $37.9 million in revenue. That compares with 34 aircraft and $35.2 million in revenue during the same period a year ago, up six deliveries and more than 7.5 percent in revenue.

 

“We decided in the middle of this past year to level-load our aircraft production, and we are seeing the positive results of that effort so far in 2012,” said Piper President and CEO Simon Caldecott. “We delivered 37 planes in the first quarter, 39 in the second, and 40 airplanes in this quarter and expect a similar number in the fourth quarter.”

 

“The production is nicely planned out, matches our sales, and stabilizes our manpower loading. It also helps our suppliers meet their requirements because we do not have large spikes in material demand,” Caldecott said. “Clearly, it helps the business, and our dealers and fleet customers have excellent visibility on their aircraft deliveries.”

 

During the first three quarters of the year, Piper delivered 69 top-of-the-line M-Class single-engine cabin class aircraft, up more than 16 percent from 59 in the similar period a year ago. Overall, Piper delivered 116 aircraft through the first three quarters of the year, up nearly 25 percent from the 93 total delivered in the first three quarters in 2011.

 

Piper third quarter 2012 deliveries and new aircraft revenues are summarized below.

 

Model Q1 Q2 Q3 Q4 2012 YTD
Warrior III

8

4

4

16

Archer LX

2

0

1

3

Seneca V

4

3

1

8

Seminole

2

8

8

18

Mirage

12

10

13

35

Matrix

2

4

5

11

Meridian

6

9

8

23

Total Units

37

39

40

 

116

Total Billings

$31,578,203

$37,423,010

$37,877,665

 

$106,878,878

 

 

About Piper Aircraft

Piper Aircraft, Inc. is headquartered in Vero Beach, Florida. A global force in aviation, Piper is an investment of the Ministry of Finance of the Government of Brunei. The company offers efficient single-engine and twin-engine trainer, personal and business aircraft. With economical acquisition and operating costs, Piper airplanes deliver the best value available today and into the future. Piper is a member of the General Aviation Manufacturers Association.

 

Piper Aircraft

For further information, contact:
Jackie Carlon
Phone: (772) 299-2900
Fax: (772) 978-6585
Mail to: Jackie.Carlon@piper.com
piper.com