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General Dynamics Completes Acquisition of Steyr Spezialfahrzeug

FALLS CHURCH, Va. – General Dynamics (NYSE: GD) today completed its acquisition of privately-owned Steyr Daimler Puch Spezialfahrzeug Aktiengesellschaft & Company KG (Steyr Spezialfahrzeug) and its parent company, SSF-Holding GmbH, of Austria. Plans for the acquisition were announced on September 30.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 64,600 people worldwide and anticipates 2003 revenues of $15.5 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation.

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Any "forward-looking statements" contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

General Dynamics Corporation (ticker: GD, exchange: NYSE)
News Release - Thursday, October 2, 2003
Press Contact: (703) 876-3199



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