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Gulfstream says US business jet demand strong but China slow due to trade tensions [Yahoo! Finance Canada]

General Dynamics Corporation (GD) 
Last general dynamics corporation earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.gd.com
U.?S.-based Gulfstream Aerospace, a division of General Dynamics, is set to grow output of its private jets through 2029, ?underpinned by strong U.S. demand and new aircraft models coming to market, President Mark Burns said. The U.S. is the world's largest market for business jets. Burns said he sees broader global strength, but U.S. trade tensions with Beijing have "definitely slowed a number of opportunities" in China, ?where the U.S. planemaker has ?about 150 aircraft flying. “It's a good market for us," Burns said. "But you know, obviously the trade tensions do create some ?slowdown in that marketplace. So I'm hopeful that there's something that gets done in the near future." China and the United States have taken steps to ease tensions in recent days following a meeting between U.S. President Donald ?Trump and Chinese President Xi Jinping. Business jet makers are seeing swelling order books after demand for private flying ?grew by high-net-worth individuals during and Show less Read more
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