GULFSTREAM AEROSPACE - AN OFFICIAL SPONSOR OF NASCAR
SAVANNAH, Ga., Feb. 15, 2005 - Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has become an official sponsor of the National Association for Stock Car Auto Racing (NASCAR), the second-most watched sport on network television in the United States. The sponsorship will result in a variety of cooperative advertising, public relations and hospitality efforts that include customer, supplier and employee-related opportunities.
"Both organizations have a high respect for competition and the benefits of teamwork and have also developed a genuine respect for achievers in sports and in business," said Bryan Moss, president, Gulfstream. "Both organizations, and the people involved directly and indirectly with them, also appreciate the benefits which can be derived from business jets. Enhanced productivity, significant travel time savings and the ability to land at airports where commercial airliners cannot land are just three examples."
"NASCAR has more Fortune 500 company involvement than any other sport, and these companies are increasingly pursuing business-to-business opportunities within the sport," said George Pyne, chief operating officer of NASCAR. "NASCAR provides Gulfstream with unfettered access to business executives increasingly trading with other NASCAR partners. We are proud to welcome the company into the NASCAR family."
"It's always important for us to partner with companies that share our values," continued Moss. "There are some strong similarities between high-performance race cars and high-performance aircraft. Our organizations share the same values in our commitment to quality, value, reliability, and high performance. "
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 71,600 people worldwide and had 2004 revenue in excess 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.
NASCAR - The National Association for Stock Car Auto Racing - has a broad reach with 1,800 racing events in 36 states at more than 110 tracks. The NASCAR season kicks off at the Daytona 500 on February 20 (Fox, 1 p.m.) The sanctioning body for stock car racing is headquartered in Daytona Beach, Fla., with offices in Charlotte, Concord, NC, Los Angeles, Mexico City, New York and Toronto. NASCAR has 75 million fans and is the second-highest rated sport on network television. NASCAR fans are three times more likely to purchase the products of NASCAR sponsors than non-sponsors.