News Release

GULFSTREAM RECEIVES FEDERAL AVIATION ADMINISTRATION APPROVAL TO INCREASE GULFSTREAM V "A CHECK" FROM 450 TO 500 HOURS

Savannah, GA, January 9, 2002 - Less than four-and-a-half years after entering service in July, 1997, the Gulfstream V business jet aircraft received Federal Aviation Administration (FAA) approval to extend the Gulfstream V A Check requirement from 450 to 500 hours, a more than 10 percent increase.

"The extension to 500 hours between A Checks is a significant advantage for our Gulfstream V operators," said Larry Flynn, Senior Vice President, Aircraft Services, Gulfstream Aerospace. "The FAA's vote of confidence is a result of Gulfstream's dedication to deliver to our customers' products that provide the best quality and reliability in the industry. The contributions of the Gulfstream V team are commendable," he added.

The FAA typically approves inspection interval extensions on an item by item basis. In this case, based on the outstanding performance to date of the Gulfstream V business jet aircraft, the FAA authorized a universal extension that extends all A Check items from the initial 1A Check up to and including the 8A Checks. This translates into a 50-hour extension for the 1A items and progresses to a 400-hour extension for the 8A items. These extensions not only translate into a reduction in downtime, but also reduce the scheduled A Check maintenance by 10% and yield 6% savings in overall scheduled maintenance labor costs.

The GV is the first ultra-long range, large-cabin business jet. More than 160 have been sold through June 30, 2001, and the GV currently holds some 69 national and world records for speed, distance and endurance, as well as being the recipient of the prestigious 1997 Robert J. Collier Trophy. The GV has a range in the order of 6,500 nautical miles, a cruise altitude of some 51,000 feet and travels at Mach 0.8.

NOTE TO EDITORS

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics, (NYSE: GD) designs, develops, manufactures, markets and services the world's most technologically advanced intercontinental business jet aircraft. Gulfstream has produced more than 1,300 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 Financial Services®, Gulfstream Lease®, Gulfstream Pre-Owned Aircraft Sales®, Gulfstream Charter Services®, Gulfstream Management Services® and Gulfstream ServiceCare®. The company employs some 8,300 people at eight locations. We invite you to visit our Web site for more information and photos of Gulfstream aircraft at www.gulfstream.com

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 52,000 people and anticipates 2001 sales of approximately $12 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.