Record Backlog and Orders
Commercial Aviation's backlog increased to $15.2 billion with a 2.7:1 book-to-bill ratio, supported by significant orders from Avelo and LATAM. Executive Aviation also achieved a backlog of $7.3 billion with a 2.4:1 book-to-bill ratio.
Revenue Growth Across Segments
Commercial Aviation revenues increased by 31%, Defense & Security by 27%, and Services & Support by 16% year-over-year. Overall company revenues were up by 18%.
Strong Financial Performance
The company generated $236 million in adjusted EBITDA with an 11.8% margin and $300 million in adjusted free cash flow in Q3. Backlog reached $31.3 billion, a 38% increase.
Operational Improvements
Aircraft deliveries increased by 16%, with production lead times for Praetors reduced by 40%, KC-390 by 33%, and E-Jets by 27% compared to 2021.