News Release
GULFSTREAM MOVES SPARE PARTS INTO TETERBORO, IMPROVING CUSTOMER ACCESSIBILITY IN 10-STATE REGION
FlightPath Services Will Maintain Spare Parts Inventory at New Jersey General Aviation Airport
SAVANNAH, Ga., Oct. 11, 2004 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), and FlightPath Services, Inc., have entered into an agreement that will significantly reduce spare parts delivery times to customers whose aircraft are maintained at northeastern U.S. general aviation airports.
FlightPath Services will maintain a dedicated inventory of Gulfstream parts at New Jersey’s Teterboro Airport and hand-deliver parts by courier or overnight delivery service. The new agreement is expected to reduce delivery times of parts to operators of the more than 250 Gulfstream aircraft that are located at airports in New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Maryland, Delaware, Virginia and the District of Columbia.
“Gulfstream and FlightPath Services share the same mission – to provide our customers with quality parts in a timely manner,” said Larry Flynn, president, product support, Gulfstream. “We are confident they will provide our customers the best possible service available.”
Prior to this arrangement, Gulfsteam stored its spare parts in Newark, N.J.
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™; mid-range Gulfstream G350™; 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 70,000 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at www.generaldynamics.com.
