Gulfstream ServiceCare Expands to Include All Gulfstream IV/IV-SP and Gulfstream V Aircraft.

SAVANNAH, Ga.--(BUSINESS WIRE)--June 13, 1999--

Industry's Most Comprehensive Maintenance Program Grows

in Popularity

Gulfstream Aerospace Corporation (NYSE:GAC) today announced that it has expanded the Gulfstream ServiceCare(SM) program to include all Gulfstream IV/IV-SP and Gulfstream V aircraft.

Gulfstream ServiceCare is the industry's most comprehensive, nose-to-tail guaranteed hourly cost maintenance program. Previously, the program included only new GIV-SP aircraft.

"Expanding Gulfstream ServiceCare program, simplifies maintenance management for all Gulfstream IV series and Gulfstream V operators, " said Larry Flynn, senior vice president, aircraft services. "It eliminates any guesswork in budgeting time, money and resources to aircraft maintenance."

Gulfstream ServiceCare was launched in 1997 as a way to offer new Gulfstream IV-SP customers the opportunity to forecast and manage control over maintenance costs. This program covers virtually every part, component, assembly and system on the aircraft, as well as the costs associated with engine midlife inspections, overhauls and loaner engines. Gulfstream ServiceCare provides operators with the ability to manage maintenance budgets over a 10-year period.

Parts and labor are covered for both scheduled and unscheduled maintenance, including labor for access and closure, Airworthiness Directives, Service Bulletins and Customer Bulletins. Gulfstream provides all maintenance and repair services under the program, while Jet Support Services, Inc. (JSSI(R)) manages and administers the program. The expanded Gulfstream ServiceCare program will be managed by Doug Wendt.

JSSI is recognized as a leading manager of hourly engine maintenance programs for business aviation. With more than 1,000 engines and APUs in their program, JSSI has provided customer-tailored hourly cost maintenance programs for corporate operators around the world.

Gulfstream Aerospace Corporation is the leading designer, developer, manufacturer and marketer of the world's most technologically advanced intercontinental business jet aircraft. The company has produced more than 1,000 aircraft for customers around the world since 1958. Gulfstream offers a range of aircraft products and services to meet the aviation needs of its customers, including the Gulfstream IV-SP(R), the ultra-long range Gulfstream V(R), Gulfstream Shares(R), Gulfstream Financial Services, Gulfstream Lease(SM), Gulfstream Pre-Owned Aircraft Sales, Gulfstream Charter Services(SM), Gulfstream Management Services(SM) and Gulfstream ServiceCare(SM). In 1998, Gulfstream reported revenues of $2.4 billion. The company employs approximately 7,800 people at eight locations.