News Release

NEW GULFSTREAM G450 RECEIVES TYPE CERTIFICATE FROM FEDERAL AVIATION ADMINISTRATION
G450 Joins Ranks of G500 and G550 as New Breed of Business Aircraft; Customer Deliveries To Begin in Second Quarter of 2005

SAVANNAH, Ga., Aug 12, 2004 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), today received a Type Certificate from the Federal Aviation Administration (FAA) for its new large-cabin, long-range Gulfstream G450 business-jet aircraft. With this certification, Gulfstream remains on schedule to begin customer deliveries in the second quarter next year.

Gulfstream introduced the G450 less than a year ago at the 2003 National Business Aviation Association's Annual Meeting and Convention, held in Orlando, Fla. At that time, the G450 was expected to receive FAA certification in the third quarter of 2004.

"We made the commitment to our customers that we would have the G450 certified before October 1, and here we are - August 12 - and we've accomplished that goal with time to spare," said Bryan Moss, president, Gulfstream.

The long-range G450, like its ultra-long-range sister ships, the G500 and G550, and the new mid-range G350, features Gulfstream's exclusive PlaneView™ cockpit. A technologically advanced flight deck designed to significantly reduce pilot workload,

PlaneView was developed by pilots for pilots. With Gulfstream's Signature Cursor Control Device and large, easy-to-read flight displays, pilots use point-and-click technology to access the status of onboard systems or to update flight information.

"G450 passengers, especially those on long intercontinental flights, will appreciate the relaxing cabin atmosphere with three temperature zones, ample light streaming through 12 heated signature oval windows and 100 percent fresh air," Moss said.

Developed concurrently, the G450 and G550 are similar aircraft in design. In addition to the PlaneView flight deck, both business jets feature the same onboard systems and the FAA-certified Gulfstream Enhanced Vision System (EVS) as standard equipment.

"The technical and design similarities between the G350, G450, G500 and G550 translate to cost-savings in terms of same pilot type ratings, crew training and maintenance for our customers who operate multiple-aircraft fleets," Moss said.

The G450 was developed by the same internal team that developed the G550 and the G500. Earlier this year, the National Aeronautic Association honored the G550 team with the 2003 Collier Trophy, aviation's most prestigious award, citing its "leading-edge achievement in designing, testing and building an innovative aircraft while incorporating measurable safety enhancements and far-reaching advances in aerospace technology."

"This year may prove to be one of the most memorable yet for Gulfstream," Moss added. "Since February, we introduced the G350; received the Collier Award for the G550; received the European Aviation Safety Agency (EASA) Type Certificate for the G550; and now, the G450 has been certified by the FAA. And it doesn't stop there. We anticipate receiving Joint Aviation Authorities (JAA) and EASA validation of the G500 and G450 in the next few months and FAA type certification for the G350 before the end of the year."

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, mid-range Gulfstream G350™; the large-cabin, long-range Gulfstream G400™; the large-cabin, long-range G450™; 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 Aviation Services, a wholly owned subsidiary of General Dynamics, was formed in February 2001 to meet the maintenance needs of Challengers, Falcons, Gulfstreams, Hawkers and other business jet aircraft. The business jet service company serves a broad range of business aircraft owners through its five regional maintenance centers. For more information, we invite you to visit our Web site at www.gdaviationservices.com.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 69,400 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at www.generaldynamics.com.