GULFSTREAM SIGNIFICANTLY ENHANCES SALES SUPPORT FOR ITS PARTS CUSTOMERS
Gulfstream Parts Sales Representation Increases Six-Fold With API Agreement
SAVANNAH, Ga., April 14, 2005 - Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has entered an agreement with Aerospace Products International (API) that will effectively increase Gulfstream's worldwide sales representation six-fold. API, a subsidiary of First Aviation Services, Inc. (NASDAQ: FAvS), has an industry-leading customer sales force and is a leading provider of supply-chain management solutions for the aerospace industry.
The agreement brings the services of 33 API sales representatives to supplement the five external full-time, Gulfstream parts sales representatives who are responsible for the company's parts sales worldwide.
"We entered this agreement in the best interest of our customers," said Larry Flynn, president, product support, Gulfstream. "The immediate increase in the scope and capabilities of the sales team will enable our sales representatives to provide improved customer service and gain a better understanding of the customers' needs.
"We have always been committed to building strong working relationships with each and every one of our customers. We now have increased our ability to make that happen more rapidly and efficiently," he added.
All 38 parts sales representatives, who will have day-to-day contact with customers within their assigned scope of responsibility, will be in place beginning April 15.
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 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 70,200 people worldwide and had 2004 revenue of $19.2 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 is available on the Internet at www.generaldynamics.com.