Press Release

General Dynamics Completes Acquisition of Spectrum Astro, Inc.

By SpaceRef Editor
July 12, 2004
Filed under , ,

General Dynamics today completed its acquisition of Spectrum Astro, Inc. of Gilbert,
Ariz. Terms of the transaction were not disclosed.

Spectrum Astro manufactures and integrates space systems, satellites and
ground-support equipment, and has approximately 525 employees. It is now part
of General Dynamics C4 Systems, which has nearly 3,400 employees in
Scottsdale, Ariz.

“Spectrum Astro brings General Dynamics valuable experience in missile-
defense and key NASA space business segments, and further enhances our ability
to meet requirements for satellite-based systems in support of a network-
centric approach to warfighting,” said Mark A. Fried, president of General
Dynamics C4 Systems. “We are pleased to welcome Spectrum Astro employees to
our team and look forward to applying their expertise and capabilities as part
of General Dynamics.”

General Dynamics C4 Systems is a leading integrator of secure
communication and information systems and technology. With more than 7,000
employees worldwide, the company specializes in command and control,
communications networking, computing and information assurance for defense,
government and select commercial customers in the U.S. and abroad.

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 68,400 people worldwide and anticipates 2004 revenue 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

Certain statements made in this press release, including any statements as
to future results of operations and financial projections, may constitute
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, as amended. Forward-looking statements are
based on management’s expectations, estimates, projections and assumptions.
These statements are not guarantees of future performance and involve certain
risks and uncertainties, which are difficult to predict. Therefore, actual
future results and trends may differ materially from what is forecast in
forward-looking statements due to a variety of factors. Additional
information regarding these factors is contained in the company’s filings with
the Securities and Exchange Commission, including, without limitation, our
Annual Report on Form 10-K and our Forms 10-Q.

All forward-looking statements speak only as of the date they were made.
The company does not undertake any obligation to update or publicly release
any revisions to any forward-looking statements to reflect events,
circumstances or changes in expectations after the date of this press release.

SpaceRef staff editor.