News Release

GULFSTREAM SUPPORTS NBAA'S DECISION TO CANCEL ITS 2001 CONVENTION
Company Offers Static Display Aircraft to Assist Federal Government With National Contingency, Emergency Medical Missions

Savannah, Georgia, September 12, 2001 - Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (GD), today expressed its full support of the decision by the National Business Aviation Association to cancel its 54th Annual Meeting and Convention in New Orleans later this month.

The NBAA's decision came just a day after a coordinated series of terrorist attacks against American financial and military symbols caused innumerable casualties in New York, Pennsylvania and Washington, D.C.

"We support this action out of respect for those who lost their lives in the tragic events in our country's cities earlier this week," said Bill Boisture, president and chief operating officer. "We have decided not to ask our people to travel away from their families at this time, and we are keeping our key leadership in place to ensure the continuity of our business operations.

"In addition to being an important industry meeting and conference, the annual NBAA convention is a celebration of the accomplishments of our industry. Although Gulfstream has enjoyed great success in the past year, this would not have been an appropriate time for us to celebrate that success," Boisture said.

"We are open for business at our locations, building and servicing our customers' airplanes at all facilities across the country. We are committed to the effective support of the Gulfstream aircraft in the service of our nation's government and are proud to do so. We have offered the Gulfstream aircraft that would otherwise have been on static display next week to support national contingency and emergency medical missions," Boisture continued.

"This decision is also fully supported by our parent company, General Dynamics. We believe the decision will receive the same support from our customers and all our people," he said.

Gulfstream joins its fellow Americans in mourning the loss of life that has ensued as a result of yesterday's actions.

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.