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GENERAL DYNAMICS ANNOUNCES TERMS OF PREVIOUSLY REPORTED CALL OF TWO DEBT ISSUES

 GENERAL DYNAMICS ANNOUNCES TERMS OF PREVIOUSLY REPORTED CALL
 OF TWO DEBT ISSUES
 FALLS CHURCH, Va., Feb. 11 /PRNewswire/ -- General Dynamics Corporation (NYSE: GD) today announced the terms of its previously reported call of two debt issues -- 7 7/8 percent notes due 1993 and 9 percent debentures due 2016.
 The redemption date for both issues will be March 5, 1992.
 The 7 7/8 percent notes will be redeemed at 100 percent of the principal amount, and the 9 percent debentures at 103.97 percent of the principal amount, in both cases together with accrued interest to the redemption date.
 As announced on Jan. 31, these actions will reduce General Dynamics' long-term debt by approximately $350 million in the first quarter of 1992. Action to reduce indebtedness by an additional $100 million is also expected to be taken later in the year.
 -0- 2/11/92
 /CONTACT: Alvin A. Spivak of General Dynamics, 703-876-3190/
 (GD) CO: General Dynamics ST: Virginia IN: SU:


MH-SB -- DC016 -- 8882 02/11/92 14:44 EST
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Publication:PR Newswire
Date:Feb 11, 1992
Words:171
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