GULFSTREAM NAMES RICHARD SHAW PLANEPARTS™ PROGRAM MANAGER

Spare-Parts Subscription Service Expands To Include Large-Cabin Aircraft

SAVANNAH, Ga., July 14, 2010 - Gulfstream Aerospace Corp. announced today that Richard Shaw has been appointed manager of Gulfstream PlaneParts, a spare-parts subscription service that offers Gulfstream owners and operators a way to manage their yearly maintenance costs.  The program was formerly known as BudgetPlus.

The Gulfstream PlaneParts program for mid-cabin aircraft began in 2005. The pilot program for large-cabin aircraft launched in June during the 2010 Gulfstream Operators’ Conference.

"At a time when we all are faced with controlling costs, this program gives Gulfstream operators a tool to accurately forecast their expenditures," said Mark Burns, president, Gulfstream Product Support.

PlaneParts is a cost-per-flight-hour program that provides participants with replacement components for parts removed due to wear, life limit or failure in exchange for monthly payments based on the aircraft’s age and achieved hours and landings.

The benefits of Gulfstream PlaneParts for owners and operators include predictable costs for coverage of scheduled and unscheduled maintenance, removing the risk for cost overruns as well as saving operators time because of single-source part ordering.

Before moving to Gulfstream, Shaw spent 25 years with the product support unit of Bombardier Aerospace in Montreal. 

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 1,800 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 new large-cabin, mid-range Gulfstream G250®; 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 9,000 people at seven major locations. We invite you to visit our website for more information and photos of Gulfstream aircraft at www.gulfstream.com.

General Dynamics headquartered in Falls Church, Va., employs approximately 91,200 people worldwide. 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 General Dynamics is available online at www.gd.com.