News Release

GULFSTREAM OPENS DOORS TO 25 VETERAN-OWNED SMALL BUSINESSES DURING ITS PROCUREMENT OPEN HOUSE

SAVANNAH, Ga., May 23, 2003 - Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), recently opened its doors to 25 veteran-owned small businesses across the country, enabling them to learn more about Gulfstream and determine whether their company's products or services could be used by the business jet manufacturer.

This Procurement Open House was conducted on April 23 at four Gulfstream locations and 56 other General Dynamics sites throughout the country. The events generated more than 350 inquiries by veteran-owned businesses about conducting business with General Dynamics subsidiaries.

Initiated by General Dynamics in partnership with the U.S. Department of Veteran Affairs Center for Veteran Enterprise (CVE), the Procurement Open House provided veteran-owned businesses a higher degree of access to bidding and contracting with its subsidiaries. General Dynamics has leading market positions in business aviation and aircraft services, land and amphibious combat systems, mission-critical information systems and technologies, and shipbuilding and marine systems.

Gulfstream aircraft production facilities in Appleton, Wis.; Dallas, Texas; Long Beach, Calif.; and Savannah participated in the open house. They received a total of 70 inquiries from machine shops, parts distributors, information technology services and engineering/maintenance personnel services and other small businesses owned by veterans.

"Gulfstream is committed to providing access to small businesses that may have more difficulty than large companies in making and securing business contacts within our company," said Vince Hrenak, vice president, materials, Gulfstream. "Because these business owners have selflessly served in our country's military, we felt it is only right to open our doors to say 'thank you' and to provide them the opportunity to talk to procurement decision makers about future business opportunities."

Currently, small businesses provide 40 percent of Gulfstream's domestic purchases, including engineering services, machined parts, maintenance, overhaul items, nondestructive testing services, cabinetry construction, employment services, electronic components, raw materials and printing services.

NOTE TO EDITOR

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE: GD), designs, develops, manufactures, markets, services and supports the world's most technologically advanced business jet aircraft. Gulfstream has produced more than 1,300 aircraft for customers around the world since 1958. To meet the diverse transportation needs of the future, Gulfstream offers a comprehensive fleet of aircraft, comprising the mid-cabin, high-speed Gulfstream G100™; the wide-cabin, high-speed Gulfstream G150™; the large-cabin, mid-range Gulfstream G200™; the large-cabin, mid-range Gulfstream G300™; the large-cabin, long-range Gulfstream G400™; the large-cabin, ultra-long-range Gulfstream G500™ and the large-cabin, ultra-long-range Gulfstream G550™. Gulfstream also offers aircraft ownership services via Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 7,400 people at seven major locations. We invite you to visit our Web site for more information and photos of Gulfstream aircraft at www.gulfstream.com.

General Dynamics, headquartered in Falls Church, Va., employs approximately 57,000 people worldwide and had 2002 revenues of $13.8 billion. The company has leading market positions in land and amphibious combat systems, mission-critical information systems and technologies, shipbuilding and marine systems, and business aviation. More information about the company can be found on the World Wide Web at www.generaldynamics.com.