News Release

G550, GV Represent 77 percent of Ultra-Long-Range Business Jets in the Regions

SAVANNAH , Ga. , March 27, 2006 – The Gulfstream aircraft fleet has doubled in Latin America and the Caribbean in just four years, from 34 Gulfstream business jets in 2002 to 71 today.

In 2002, 12 GIIs, five GIIIs, nine GIVs, and eight GVs were operating in six Latin American and two Caribbean countries – Argentina , the Bahamas , Bermuda , Chile , Colombia , Mexico , Panama and Venezuela . By March 2006, that number grew to 71 Gulfstream business jets – 13 G100s, six G200s, 12 GIIs, six GIIIs, 16 GIVs, seven GVs, one G350, and 10 G550s – operating in Argentina, Aruba, Bahamas, Barbados, Brazil, the Cayman Islands, Chile, Colombia, Ecuador, Guatemala, Mexico, Panama, Peru, Venezuela, and the Virgin Islands. In the large-cabin, ultra-long-range business jet category, Gulfstream’s G550 and GV represent 77 percent of this class of aircraft in the regions.

In addition to the in-service fleet, Gulfstream sold a total of 11 aircraft – two G150s, three G200s, three G450s and three G550s – in the regions in 2005.

" Latin America and the Caribbean are emerging as strong regions in business aviation," said Bryan Moss, president, Gulfstream. "As the economies of the countries in Central America , South America and the Caribbean continue to grow, so will the need for safe, fast, reliable and on-demand air travel."

Aerocardal, an air charter provider based in Santiago , Chile recently purchased a new Gulfstream G150 to replace its G100 aircraft. According to Mr. Mario Avila, director, Aerocardal, the decision to

purchase the G150 was based on the growth potential of the South American economy and subsequent growth opportunities for Aerocardal.

"World trade has become a global reality," Mr. Avila said. "Speed in getting from here to there has become essential to compete effectively in today’s business environment. This new Gulfstream G150 will help us respond quickly as new business opportunities arise locally and within the Latin American region."

Aerocardal’s new G150 will have both executive and medevac configurations.

In addition to providing Latin American businesses and individuals a choice of aircraft at varying price and performance points, Gulfstream offers outstanding product support through its authorized service centers – Aerocardal in Santiago, Aerocentro de Servicios in Caracas and VEM in Sâo Paolo.

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 1,500 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 wide-cabin, high-speed Gulfstream G150 ™; the large-cabin, mid-range Gulfstream G200 ™; the large-cabin, mid-range Gulfstream G350 ™; 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 7,900 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 72,200 people worldwide and had 2005 revenue of $21.2 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 can be found online at www.generaldynamics.com.