News Release

GULFSTREAM’S ULTRA-LONG-RANGE G550 BUSINESS JET ESTABLISHES FOUR CITY-PAIR SPEED RECORDS
Gulfstream G550 Flies Around the World in a Five-day, Five-leg Journey

SAVANNAH, Ga., Oct. 6, 2003 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has announced that its newest large-cabin, ultra-long-range G550 business jet has established four new city-to-city speed records during a five-day, around-the-world, 20,120-nautical-mile journey. The around-the-world trip commenced on Sunday, Sept. 28 in Savannah, Ga., and ended at 5:39 p.m. on Friday, Oct. 3 at Orlando Executive Airport, Orlando, Fla.

A number of company executives and friends were on hand at Showalter Flying Services, Orlando Executive Airport, to greet the crew and aircraft, which had traveled a total of 20,120 miles in 41.2 flight hours at an average speed of 486 knots (559 m.p.h.) or .847 Mach.

“This record-setting journey is another confirmation that the G550 is everything we’ve expected it would be,” said Bryan Moss, president, Gulfstream, who was at the airport to welcome the crew. “By improving the efficiency of the two turbofan BR710 engines and reducing drag through numerous aerodynamic enhancements, the G550 is unrivaled in its ability to fly ultra-long routes nonstop. No other business jet can fly as far.”

Flown in five legs, the G550 flight crews established four new speed records between Savannah, Ga., and Ankara, Turkey; Ankara and Langkawi, Malaysia; Brunei, Brunei and Seoul, South Korea; and Seoul and Orlando. At 1,050 nautical miles, the third leg, from Langkawi to Brunei, was not considered long enough to establish a speed record. At 7,301 nautical miles ground distance, the last leg from Seoul to Orlando eclipses a ground distance record of 6,132 nautical miles set by a Gulfstream V in 1997.

Gulfstream pilots flew the G550 to Ankara for the 6th International Defence Industry Aerospace and Maritime Fair (IDEF 2003) and to Langkawi for LIMA 03, the Langkawi International Aerospace Exhibition. At both air shows, the G550 was on static display. Additionally, the G550 flew from Langkawi to Brunei for a customer demonstration.

The National Aeronautical Association has recognized the four city-to-city records as world records for Speed Over a Recognized Course. The speed records set are as follows:

City-to-City	Date	Distance	Time	Average Air Speed
Savannah to Ankara	Sept. 28	5,208 nm	10 hours 35 minutes	565.4 mph
Ankara to Langkawi	Oct. 1	4,300 nm	8 hours 45 minutes	562.3 mph
Brunei to Seoul	Oct. 3	2,240 nm	4 hour 48 minutes	537 mph
Seoul to Orlando	Oct. 3	7,301 nm	14 hours 30 minutes	572 mph

The first three legs were flown by Gulfstream Captain and Chief Demonstration Pilot Bill Watters; Senior Engineering Test Pilot Al Moros; and Demonstration Pilot Ray Wellington. Roc Miles, Gulfstream director of demonstration and corporate flight operations; Tom Horne, senior experimental test pilot and G550 project pilot; and Tony Briotta, demonstration pilot, flew the last leg. Captain Watters was on board the aircraft for the entire around-the-world trip. For the last leg of this trip, there were nine souls on board, including the crew.

The G550, which completed this record-setting journey just a week after it was delivered to its owner, has now surpassed more than 100 flight hours. It will be on static display at this year’s National Business Aviation Association’s Annual Meeting and Convention, which is being held Oct. 7-9 in Orlando, Fla.

Introduced in 2002, the G550 comes fully equipped and includes the state-of-the-art PlaneView cockpit, Head-Up Display and Federal Aviation Administration-certified Gulfstream Enhanced Vision System (EVS). The flagship of the Gulfstream business jet fleet, the G550 can accommodate up to 18 passengers, fly at a maximum speed of .885 Mach and cruise at a maximum altitude of 51,000 feet. Owners of the G550 can choose from multiple cabin layouts and several customer-preferred option packages. Customers can also choose to customize the interior to best meet their individual needs.



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 1,400 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 6,750 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.