News Release
GULFSTREAM TO MATCH COMPETITIVE PRICE QUOTES ON EXCHANGE PARTS FOR 60-DAY PERIOD
'Meet the Quote' Program Offers the Most Popular Exchange Parts for Gulfstream Business-Jet Aircraft
SAVANNAH, Ga., March 9, 2004 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), will be offering the most competitive prices ever on its most popular exchange parts for its GII, GIII, GIV/GIV-SP, GV, G300, G400, G500 and G550 business-jet aircraft.
The 60-day price-matching program, named “Meet the Quote,” will commence March 15 at 12:01 a.m. and terminate at midnight on May 15. Under the program, a customer submits to Gulfstream a current competitive quote on a specific part. If that part is priced lower than Gulfstream's price for the same part comparable in condition, age and warranty terms, Gulfstream will match the price of the part. Meet the Quote is offered to both current customers as well as to those individuals who own, operate or manage Gulfstream aircraft, but purchase their exchange parts from other sources.
“Our 'Meet the Quote' program is part of our long-term strategy to continually examine the industry pricing of spares and readjust our prices to remain competitive with other Gulfstream spare parts providers,” said Larry Flynn, president, Gulfstream Product Support. “But it doesn't end with competitive pricing. We invite new customers to experience first-hand what our customers have come to expect – our team's unwavering dedication to customer service. In addition to offering the most popular exchange parts at the most competitive prices, we include a one-year or 1,000-hour warranty, whichever comes first, on every part we sell.”
In its continuing effort to address the rising cost of aircraft spare parts, Gulfstream has significantly reduced its pricing during the past two years of more than 1,500 most frequently requested exchange parts.
Gulfstream spare-parts customers use a single point of contact, 1-800-810-GULF (1-800-810-4853; international customers can call 912-965-4178), for information and to order parts. Available 24 hours a day, 365 days a year, Gulfstream's experienced spare-parts sales representatives ensure parts are shipped in the most expeditious manner, usually from a company-operated inventory location nearest the customer. To learn more about Meet the Quote, contact a Gulfstream spare-parts sales representative. Certain restrictions may apply.
NOTE TO EDITORS
Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE: GD), designs, develops, manufactures, markets, services and supports the world's most technologically advanced business jet aircraft. Gulfstream has produced more than 1,400 aircraft for customers around the world since 1958. To meet the diverse transportation needs of the future, Gulfstream offers a comprehensive fleet of aircraft, comprising the mid-cabin, high-speed Gulfstream G100™; the wide-cabin, high-speed Gulfstream G150™; the large-cabin, mid-range Gulfstream G200™; the large-cabin, mid-range Gulfstream G300™; the large-cabin, mid-range Gulfstream G350™; the large-cabin, long-range Gulfstream G400™; the large-cabin, long-range G450™; the large-cabin, ultra-long-range Gulfstream G500™ and the large-cabin, ultra-long-range Gulfstream G550™. Gulfstream also offers aircraft ownership services via Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 6,750 people at seven major locations. We invite you to visit our Web site for more information and photos of Gulfstream aircraft at www.gulfstream.com.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 67,600 people worldwide and had 2003 revenue of $16.6 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company can be found on the World Wide Web at www.generaldynamics.com.
