News Release

GULFSTREAM AEROSPACE APPOINTS BILL MCLEOD DIVISION VICE PRESIDENT, MID-SIZE ACCOUNTS

Savannah, Georgia - October 8, 2001 - Bill McLeod has been named eastern division vice president, sales, mid-size accounts, for Gulfstream Aerospace Corp. In his new role, he will be responsible for the sale of Gulfstream V-SP, Gulfstream V, Gulfstream IV-SP, and oversee the mid-size sales efforts for the Gulfstream 200® and Gulfstream 100® aircraft. He will manage the sale of midsize aircraft in the eastern United States and all of Canada.

A 19-year Gulfstream employee, McLeod most recently served as regional sales director for new aircraft sales in the mid-Atlantic region of the United States. Earlier in his career while based in Savannah, he served in a number of positions, including industrial engineering group lead, project engineer, program manager, business development manager and marketing programs manager. In 1993, he transferred to the Washington, D.C., area to serve as director of marketing for Gulfstream's government and military sales office. In 1994, he joined commercial sales as Regional Sales Manager, North American sales.
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"Bill's many successes during his Gulfstream career have prepared him for this challenging position," said Mike Ellis, vice president, North American sales, mid-size accounts. "His technical knowledge of the aircraft along with his knowledge of the sales force and the customers makes him the obvious choice to lead our eastern sales force."

McLeod earned a bachelor of science degree in industrial management in 1983 and an MBA in 1990, both from Georgia Southern University.

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.