News Release

GULFSTREAM V-SP TEST AIRCRAFT MAKES FIRST FLIGHT FOUR WEEKS AHEAD OF SCHEDULE
Prototype Successfully Completes First Flight Test of GV-SP's Advanced PlaneView® Cockpit

Savannah, Georgia, Sept. 17, 2001 - The next-generation Gulfstream V-SP, the most advanced ultra-long range business jet aircraft ever built, has entered flight test and is proceeding on schedule toward Federal Aviation Administration certification in the fourth quarter of 2002. During the first flight on Aug. 31, 2001, all systems checked out and the aircraft handled better than expected. Simultaneously, Gulfstream has successfully completed necessary FAA certification flights for its revolutionary Enhanced Vision System, a key component of the GV-SP's advanced PlaneViewÔ cockpit.

"The first flight was a major milestone in the GV-SP program," said Pres Henne, senior vice president, programs. "It was the first flight of the PlaneView cockpit, the first flight of Gulfstream's Signature Cursor-Control Device, and the first flight of our revolutionary Enhanced Vision System. EVS and PlaneView represent two more notable firsts by a
company that is already well known for consistently taking the leadership role in business aviation," Henne added.

"The PlaneView cockpit onboard the GV-SP is exclusive to Gulfstream," said Bill Boisture, president and chief operating officer. "Its advanced avionics suite provides pilots with real-time information about airports, weather, air traffic and terrain, all displayed on 14-inch, flat-screen monitors. Gulfstream is proud to lead the market with this revolutionary safety feature." Not only will the system greatly improve situational awareness for pilots, but it will also provide the information required to make safe flying decisions in low-visibility and adverse weather conditions.
With a range of 6,750 nautical miles at .80 Mach, the GV-SP can fly nonstop from New York to Tokyo guaranteed. This additional range provides an extra margin of performance, not only on ultra-long range flights, but also on shorter-range, higher-speed missions. For example, the GV-SP can fly 5,000 nm at .87 Mach - a 400-nm advantage over the GV - and 6,000 nm at .85 Mach, a 300-nm advantage.

Its enhanced takeoff performance is the result of less aircraft drag and improvements in the operational efficiency of the aircraft's Rolls-Royce BR-710 engines. The state-of-the-art PlaneView cockpit is based on Honeywell's Primus Epic architecture and enhanced by Gulfstream's own technological improvements.

"The GV-SP's increased cabin volume affords a fourth living area, seats 16 passengers comfortably, and berths up to eight," said Joe Walker, senior vice president, worldwide sales. "This is a significant advancement in passenger comfort."

"This airplane is the first business jet aircraft to offer the most advanced flight deck in commercial aviation, considerably more usable space in the cabin, and the same combination of performance, reliability, safety and comfort that have distinguished Gulfstream aircraft for more than four decades," Boisture said.

NOTE TO EDITOR

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE:GD), designs, develops, manufactures and markets the world's most technologically advanced intercontinental business jet aircraft. Gulfstream has produced more than 1,200 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 100®, Gulfstream 200®, Gulfstream IV-SP®, the ultra-long range Gulfstream V® and Gulfstream V-SP®, 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 8,750 people at eight locations. We invite you to visit our Web site at www.gulfstream.com for photos of Gulfstream aircraft and related information.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 49,000 people and anticipates 2001 sales of approximately $11.5 billion. The company has leading market positions in business aviation, information systems, shipbuilding and marine systems, and land and amphibious combat systems. More information about the company can be found at www.generaldynamics.com.