Gulfstream Signs $1.9 Bn Agreement with NetJets

(Falls Church, Va., June 20, 2008) -- Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics (NYSE: GD), has reached an agreement with NetJets to supply a total of 40 new Gulfstream aircraft. The agreement is valued at approximately $1.9 billion.

Four Gulfstream G450s and four Gulfstream G550s will be delivered to NetJets each year from 2012 through 2016. This deal also includes a long-term maintenance support agreement.

Source : General Dynamics

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