Piper Aircraft reports a rise in deliveries amid strong global demand

Piper Aircraft has delivered 116 aircraft in the first six months of 2024 and is on track to deliver approximately 300 by year-end, including nearly 50 of its recently certified M700 Fury turboprop singles. The company made this announcement yesterday at EAA AirVenture 2024. If the target is reached, it would represent a 22% increase in shipments for Piper this year. The Vero Beach, Florida-based aircraft manufacturer noted strong global demand.

Deliveries in the first half increased by 16% from a year ago, despite a marginal dip in the first three months due to the launch and late first-quarter FAA certification of the M700 Fury, Piper’s new flagship that replaced the M600/SLS in its lineup. In the second quarter, aircraft shipments soared by 30%, while revenue rose by nearly 9%.

International validations and certifications for the M700 are expected to further boost deliveries in the second half of the year, according to Piper. However, the anticipated 50 M700 shipments this year would be slightly below the 52 M600/SLSs handed over to customers last year.