News Release

GULFSTREAM AND FAA SIGN SAFETY AND CERTIFICATION AGREEMENT
"Partnership for Safety" and Certification Agreement Enhance Business Relationship for Safety and Certification Process Improvements

NBAA, New Orleans, Oct. 9, 2000 -- Gulfstream Aerospace Corporation announces the signing of a safety and process improvement pact with the Federal Aviation Administration (FAA). The agreement focuses on safety and details planning, communications and improved business practices that will standardize processes and reduce certification cost and time.

"Our goal is nothing less than to be the best aircraft manufacturer that the FAA works with," said Pres Henne, Gulfstream senior vice president for programs. "An improvement in the business relationship between Gulfstream and the FAA builds trust, reinforces accountability and augments the certification process. Improved communications, cooperation, and early issue resolution provide the ideal environment for enhancing safety."

The "Partnership for Safety Plan" and certification process are being introduced in two phases. Phase one has started at Gulfstream's Savannah production facility. Phase two, to be introduced next year, will bring in Gulfstream's other facilities and will include completions, service, maintenance and the corresponding FAA offices.

"The certification process will be mutually developed and agreed to with set timeframes and schedules," said Henne. "With the FAA's early involvement in new projects and ongoing airworthiness issues, resources can be allocated to meet project milestones, which will result in a streamlined approval process. It's a win-win relationship."

NOTE TO EDITOR

Gulfstream designs, develops, manufactures and markets the world's most technologically advanced intercontinental business jet aircraft. The company has produced more than 1,160 aircraft for customers around the world since 1958. To meet the aviation needs of its customers, Gulfstream offers a full range of aircraft products and services, including the Gulfstream IV-SP®, the ultra-long range Gulfstream V®, Gulfstream Shares®, Gulfstream Financial Services, Gulfstream Lease®, Gulfstream Pre-Owned Aircraft Sales®, Gulfstream Charter Services®, Gulfstream Management Services® and Gulfstream ServiceCare®. The company employs more than 8,300 people at eight locations. Our website at www.gulfstream.com contains photos of Gulfstream aircraft and related information.

General Dynamics, which is headquartered in Falls Church, Va., has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The corporation employs approximately 44,000 people worldwide and has annualized sales of approximately $10 billion. More information about the company can be found at www.generaldynamics.com.