News Release

GULFSTREAM DEDICATES SECOND PHASE OF RESEARCH AND DEVELOPMENT CENTER
Two Buildings to Accommodate Up to 700 Employees

SAVANNAH, Ga., August 22, 2008 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), officially dedicated its second Research and Development Center today at the facility's Laboratory Building.

Federal, state and local dignitaries joined Nicholas D. Chabraja, chairman and chief executive officer, General Dynamics, Joe Lombardo, president, Gulfstream Aerospace, and Pres Henne, senior vice president, Programs, Engineering and Test, Gulfstream, to unveil a plaque honoring those Gulfstream employees who have contributed to the company's research and development efforts over the past 50 years.

The plaque, located in the Laboratory Building's main lobby, reads: “In recognition and admiration of all those whose efforts in Research and Development have assured the leadership position of Gulfstream Aerospace Corporation in the business aviation community unveiled this 22nd day of August, 2008, in the 50th anniversary year of Gulfstream flight.”

The new research center consists of two buildings: the 108,750-square-foot office building and the 80,500-square-foot Laboratory Building. The office building will accommodate 550 employees from Engineering and its supporting groups as well as employees of the Accounting and Publications departments. In addition to research- and development-related equipment, the Laboratory Building will house some 150 engineering and support employees.

“This is a significant moment in the history of Gulfstream,” Lombardo said. “The addition of these two buildings to our growing campus will allow us to maintain our competitive edge in research and development. Our engineers, using the many technologically advanced laboratories located here, will continue to change the future trajectory of business aviation.”

The second Research and Development Center complements the first, which opened in March 2006 and accommodates some 750 technical and engineering employees. Kern-Coleman & Co. of Savannah served as the engineer and architect of both Research and Development centers and Evans General Contractors of Alpharetta, Ga., was the contractor.

Since 1958, when the first purpose-built business aircraft, the GI, took flight, Gulfstream has become a recognized technology leader in the business-aviation industry. Before the dedication ceremony, Henne presented a retrospective on the 50 years of research and development efforts that have established Gulfstream's reputation for innovation. Significant accomplishments include the first large-cabin business jet (GII); the first all-glass cockpit (GIV); the first ultra-long-range business jet (GV); the first aircraft with both FAA-approved enhanced and synthetic vision systems (G550); and the first business jet to offer in-flight wireless Internet connectivity.

In March 2008, Gulfstream introduced the all-new G650, which offers the longest range, fastest speed, largest cabin and the most-advanced cockpit in the Gulfstream fleet. It is capable of traveling 7,000 nautical miles at 0.85 Mach or 5,000 nautical miles at 0.90 Mach. Using an advanced aerodynamic design, the G650 has a maximum operating speed of 0.925 Mach, which will make it the fastest civil aircraft flying. It can climb to a maximum altitude of 51,000 feet, allowing it to avoid airline-traffic congestion and adverse weather. At that flight level, the aircraft has a cabin altitude of 4,850 feet, which reduces fatigue, increases mental alertness and enhances productivity.

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 some 1,600 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®; the large-cabin, ultra-long-range Gulfstream G550® and the ultra-large cabin, ultra-long-range G650®. Gulfstream also offers aircraft ownership services via Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 9,100 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 84,600 people worldwide and anticipates 2008 revenues of approximately $29.5 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.