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It will probably be both the Gulfstreams and the EMB500 but the announcements will be made separately over a few months to get the most PR benefit.
It will be interesting to see what (if anything) happens.
With NJ exiting the Gulfstream product, does General Dynamics want or need a service (notice I didn't say fractional) provider to offer their new Gulfstreams in this segment of private travel? When you have the premier product in the private jet market segment and enjoy a full order book, is there anything to be gained by partnering with a service provider?
You are assuming that the Gulfstreams are going to to be new, they will probably be the previously enjoyed models.
The EMB500 will be the new models.
NJ perhaps is looking to sale Gulfstreams in large numbers ...