First G-V

SAVANNAH, Ga.--(BUSINESS WIRE)--July 1, 1997--A ceremony was held at the headquarters of Gulfstream Aerospace Corporation (NYSE:GAC) in Savannah today to mark the first customer delivery of a fully completed Gulfstream V aircraft, the world's first ultra-long range business jet. The Gulfstream V, serial number 507 and painted white with gold trim, was presented to representatives of the first owners of a Gulfstream V, Ambassador and Mrs. Walter H. Annenberg. Ambassador Annenberg is a publishing magnate and was the United States Ambassador to England during the Nixon administration. Mrs. Annenberg was President Reagan's Chief of Protocol. 

Official presentation ceremonies are also being held today at the New Castle (Delaware) County Airport where the Annenberg Gulfstream V will be based. Mrs. Annenberg will formally welcome their new Gulfstream V and dedicate a new state-of-the-art hangar facility. The Annenberg hangar at the airport is the first built-to-suit facility at the New Castle County Airport specifically designed to house a Gulfstream V.

The Gulfstream V is the first aircraft of its kind in the world, developed to carry eight passengers and a crew of four at altitudes up to 51,000 feet, high above commercial air traffic, weather and adverse winds. The impressive cruising altitude capability permits more direct air traffic routing. The Gulfstream V's 6,500 nautical mile nonstop range makes ultra-long range flights such as New York to Tokyo, Washington to Riyadh, London to Beijing and Los Angeles to Moscow routine business.

CONTACT: Gulfstream Corporate Communications