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GENERAL DYNAMICS ANNOUNCES $45,431,000 DEBT REDUCTION

 FALLS CHURCH, Va., June 2 /PRNewswire/ -- General Dynamics Corporation (NYSE: GD) announced today it has called for redemption on July 15, 1993 of the company's entire series of 5 3/4 percent Exchangeable Subordinated Debentures, due July 15, 2011. The outstanding 5 3/4 percent debentures have a face value of $45,431,000 and will be redeemed at 101.725 percent of face value.
 Trustee Citibank, N.A. will pay interest due July 15, 1993 in the normal manner with no interest accruing thereafter.
 -0- 6/2/93
 /CONTACT: Alvin A. Spivak of General Dynamics Corporation, 703-876-3190/
 (GD)


CO: General Dynamics Corporation ST: Virginia IN: ARO SU: FNC

MH-DS -- DC004 -- 4296 06/02/93 08:24 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:118
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