US Aerospace & Defense "2Q Business jet deliveries tracker: looking good..."

Research evidence excerpt

US Aerospace & Defense "2Q Business jet deliveries tracker: looking good..."

Global Research

23 June 2026ab

US Aerospace & Defense Equities

Americas2Q Business jet deliveries tracker: looking good

with a steady cadence Aerospace

Gavin Parsons

Analyst

gavin.parsons@ubs.com

Most OEMs are tracking ahead of consensus +1-212-713 2389

We look at Cirium data to track 2Q business jet deliveries. We look at both QTD tracking Ian Douglas-Pennant

as well as the first 10 weeks compared to historical proportion (deliveries are heavily Analyst

weighted to the final 2 weeks of a quarter). Cirium's capture rate of smaller aircraft ian.douglas-pennant@ubs.com

tends to be lower than larger aircraft. The data does not capture all deliveries - but is a +44-20-7568 0936

good indicator. Gulfstream, Dassault, and Embraer are well ahead of typical Alberto Valerio

seasonality pointing to upside vs. consensus, while Bombardier will need a Analyst

slightly heavier quarter-end than usual; Textron mixed, see below. See Figure 1 alberto.valerio@ubs.com

for more detail on 10W tracking and 2Q tracking; we will update 2Q tracking once the +55-11-2767 6918

quarter ends. Joao Santos

Bombardier (BBD.B) - With 19 deliveries QTD, 2Q is tracking slightly below Associate Analyst

joao.santos@ubs.com

consensus at 36, based on historical seasonality. 8 Challengers and 11 Globals (incl

+1-212-713 1437

4 7500/8000). Bombardier did manage 13 deliveries in the last two weeks of the

quarter last year. Max Miller

Associate Analyst

Cessna (TXT) - 33 tracked deliveries vs. consensus at 46 puts the company max.miller@ubs.com

tracking ahead of consensus. That said, 1Q ended on April 4th (a Saturday), with +1-212-713 2613

Cirium tracking 6 deliveries in those four days; if 2Q ends on July 4th (also a Nicholas Labbadia