Piper Announces 23% Growth For 2017

Published in Midwest Flyer – April/May 2018 issue

VERO BEACH, FLA. – Piper Aircraft, Inc. has announced a 23% increase in aircraft deliveries for 2017, as well as a 27% increase in total billings.

The substantial growth was driven by a 50% year over year increase of single-engine primary trainer aircraft deliveries, as well as a 70% increase in deliveries of multi-engine trainers. Additionally, sales of Pipers flagship product, the M600, expanded by 59%, which helped drive Piper total billings up by nearly $41M vs 2016. International deliveries of Piper products showed moderate growth of 5%, resulting in 25% of Piper products being shipped to countries outside of North America.

In addition to Pipers sales success, the company celebrated its 80th anniversary in 2017, as well as the completion of six new amended type certificates. The continued rise in demand for Piper trainers has resulted in an order backlog into 2019, as well as a 25% increase in workforce.

“Pipers ability to level-load aircraft production has allowed us to meet solid financial growth and performance goals while expanding our worldwide sales visibility and efforts, especially in the pilot training realm,” said Piper President and CEO Simon Caldecott. “As we look towards 2018, we are excited about the growth in demand for aircraft trainers and the resulting contracts that we have been awarded, which has helped create a backlog of orders. Additionally, working with our full-service dealers, we look to continue to grow M-class demand and sales,” he added.

Piper Aircraft Inc. is headquartered in Vero Beach, Fla.

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