News Release
GULFSTREAM AEROSPACE COMPLETES ACQUISITION OF WECO AEROSPACE SYSTEMS
California-based Aviation-Component Overhaul Facilities Will Augment Gulfstream Product Support Capabilities
SAVANNAH , Ga. , Mar. 8, 2007 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), announced today it has completed the previously announced acquisition of the business of WECO Aerospace Systems, Inc., a privately held aviation-component overhaul company specializing in electrical, electronic accessories and flight instrument services. Gulfstream announced it had entered into an agreement to acquire the business of WECO on Jan. 23, 2007 . Financial details of the transaction were not disclosed.
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 some 1,600 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 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 7,900 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, Va., employs approximately 81,000 people worldwide and had 2006 revenues of $24.1 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 online at www.generaldynamics.com.
