News Release

GULFSTREAM RECEIVES TWO FAA CERTIFICATES IN ONE DAY
Federal Aviation Authority Awards Both a Type Certificate and a Production Certificate for the New Large-cabin, Ultra-long-range, GulfstreamG550

SAVANNAH, Ga., Aug. 14, 2003 -- - In what is believed to be a "first" in the company's more than 40-year history, Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE:GD) today received both the Type Certificate and the Production Certificate from the Federal Aviation Administration (FAA) for the new ultra-long-range, large-cabin Gulfstream G550 business jet.

At eleven o'clock this morning, in front of more than 500 employees, the FAA's Airworthiness Certification Office (ACO) presented Gulfstream president Bryan Moss with the Type Certificate for the G550. This means the new aircraft has met all the airworthiness requirements as defined in Federal Aviation Regulations (FAR) Parts 25, 33 and 34.

At one o'clock this afternoon, the FAA's Manufacturing Inspection District Office (MIDO) presented Gulfstream chief operating officer Joe Lombardo with the Production Certificate for the G550. This means the engineering production and quality systems which Gulfstream has in place have been audited and approved by the FAA to enable full production of the aircraft in compliance with FAR Part 21.

"The time lapse between receiving the Type Certificate and the Production Certificate is usually from four to six months," said Bryan Moss, president, Gulfstream. "The fact that we have received both certifications the same day is a direct result of the extraordinary collaboration between the FAA and our engineering, flight test, certification, production and quality organizations."

Gulfstream has now completed the last steps required before a new model series aircraft can enter into service. It will begin G550 customer deliveries in the third quarter of this year.

"Special thanks should be given to those employees who applied their energy and talent to the G550 program," said Joe Lombardo, chief operating officer, Gulfstream. "Today's certification milestones are a credit to their dedication and constant desire to improve the processes that have made Gulfstream a world-class manufacturer."

Powered by two advanced Rolls-Royce BR710 engines, each producing more than 15,000 pounds of thrust, the G550 can fly eight passengers and four crewmembers 6,750 nautical miles - the longest range available in a business jet. This range is a 250-nautical-mile increase over the GV and was accomplished with advanced aerodynamic improvements. The G550 will fly non-stop from New York to Tokyo in 14 1/2 hours at altitudes up to 51,000 feet high above commercial air traffic, weather and adverse winds and permitting even more direct air traffic

NOTE TO EDITORS

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, Virginia, employs approximately 64,600 people worldwide and estimates 2003 revenues of $15.5 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company can be found on the World Wide Web at www.generaldynamics.com.