NBAA Convention News

Piper Touts 2018 Growth, Launches Program for Young Talent

 - October 14, 2018, 10:27 AM

Piper Aircraft (Booth 2609, Static SD22) is touting its best quarter and year-to-date performance in 10 years. The Vero Beach, Florida-based single- and twin-engine aircraft manufacturer delivered 65 aircraft worth $69.5 million in the third quarter, representing a 54 percent increase (22 additional units) from the same period in 2017.

Third-quarter revenue soared 43 percent to nearly $21 million, making the 2018 third quarter Piper's largest volume delivered in a single quarter since 2008. Through the first nine months, Piper has delivered 152 aircraft, which is 53 units more than those delivered during the same period last year. According to the company, the growth is being led by the single-engine Archer TX trainer, with 60 percent more units delivered year-over-year, as well as the the M-Class product line, which boasts a 42 percent increase, with 51 units delivered year-to-date.

The company's continued growth has expedited a need for "well-trained, high potential employees," said Piper president and CEO Simon Caldecott. To that end, the manufacturer has launched an accredited apprentice program in cooperation with Indian River State College for local high school graduates. The two-year program will begin next year with 10 individuals and grow to 20 by year two. The program will include a salary and full benefits, as well as on-the-job training, mentoring, and support, for chosen apprentices.