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GENERAL DYNAMICS ANNOUNCES ACADEMIES ENDOWMENT

 FALLS CHURCH, Va., April 7 /PRNewswire/ -- The General Dynamics Corp. (NYSE: GD) today announced its intention to contribute $4.5 million to the alumni organizations of the three military service academies for perpetual endowment of chairs in Economics of the Defense Industrial Base.
 Transfer of each of the $1.5 million grants from the alumni organizations to the U.S. Military Academy, the U.S. Naval Academy and the U.S. Air Force Academy will be subject to approval by the respective service secretaries.
 General Dynamics Chairman and Chief Executive Officer William A. Anders said the company has offered the grants in recognition of the importance of preparing America's future military leaders to deal with future needs in preserving a viable Defense Industrial Base.
 "Both the defense industry and the service academies are faced with similar problems: shrinking budgets and the need to respond to new and, in some cases, yet undefined threats and sound financial management," he said in letters to the heads of the three associations.
 Anders, a 1955 graduate of the Naval Academy, noted that his company and its operating divisions have had a close relationship with the service academies and their graduates for over 50 years.
 "We have worked hand-in-hand with the services to develop the weapon systems that have contributed to the defense of freedom around the globe," he said.
 Noting that many other employees of General Dynamics also are alumni of the academies, he said the company's contribution of $1.5 million for each chair in the Economics of the Defense Industrial Base recognizes "that the nation will continue to need the skilled and committed service" of the officers who emerge from those institutions.
 -0- 4/7/93
 /CONTACT: Alvin A. Spivak of General Dynamics, 703-876-3190/
 (GD)


CO: General Dynamics Corp. ST: Virginia IN: ARO SU:

TW-MH -- DC037 -- 3938 04/07/93 17:01 EDT
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Date:Apr 7, 1993
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