News Release

GULFSTREAM AEROSPACE APPOINTS JIM MCQUEENEY AS VICE PRESIDENT AND GENERAL MANAGER OF OKLAHOMA CITY AND MEXICALI SITES

SAVANNAH, GEORGIA - July 6, 2001 - James McQueeney has been appointed Vice President and General Manager of Gulfstream's Aerospace Corporation's Oklahoma City and Mexicali, Mexico, facilities. In his new role, McQueeney will be responsible for the operation of both sites, which provide fabrication and electrical sub-assembly support to both the manufacturing and outfitting of Gulfstream IV-SP and Gulfstream V aircraft. "With a total employment of more than 1,300 people, these facilities are an integral part of our company's operating priorities," said Joe Lombardo, senior vice president of operations. "Jim has been in a number of key leadership positions since coming to Gulfstream His experience in manufacturing and material control, plus his commitment to our values, makes him an ideal choice for this position." McQueeney, who has been with Gulfstream for nine years, was most recently Director of Production at the company's aircraft manufacturing facility in Savannah. He also served as the Manufacturing Manager during the development of the Gulfstream V aircraft and worked at the company's Oklahoma City site for three years as the Manager of Business Development. Before joining Gulfstream, McQueeney was Director of Operations for Textron, a multi-product line company that produces Cessna Aircraft and Bell Helicopters.

NOTE TO EDITOR

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE:GD), designs, develops, manufactures and markets the world's most technologically advanced intercontinental business jet aircraft. Gulfstream has produced more than 1,200 aircraft for customers around the world since 1958. To meet the aviation needs of its customers, Gulfstream offers a full range of aircraft products and services, including the Gulfstream 100®, Gulfstream 200®, Gulfstream IV-SP®, the ultra-long range Gulfstream V® and Gulfstream V-SP®, Gulfstream Shares®, Gulfstream Financial Services®, Gulfstream Lease®, Gulfstream Pre-Owned Aircraft Sales®, Gulfstream Charter Services®, Gulfstream Management Services® and Gulfstream ServiceCare®. The company employs more than 8,750 people at seven locations. We invite you to visit our Web site at www.gulfstream.com for photos of Gulfstream aircraft and related information.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 47,000 people and anticipates 2001 sales of approximately $11.5 billion. The company has leading market positions in business aviation, information systems, shipbuilding and marine systems, and land and amphibious combat systems. More information about the company can be found at www.generaldynamics.com.