News Release

GULFSTREAM APPOINTS RAYNOR REAVIS SENIOR VICE PRESIDENT - MARKETING AND SALES

SAVANNAH, Ga., July 23, 2002 - Raynor Reavis has joined Gulfstream Aerospace Corporation as senior vice president - marketing and sales. In this new position, he will oversee worldwide sales of the company's business jet aircraft as well as lead the integration of the company's marketing and sales functions. Based at Gulfstream's new Sales and Design Center at Alliance Airport in Fort Worth, Texas, Reavis will report to Gulfstream President Bill Boisture and joins the company's senior leadership team.

In addition to the worldwide sales team, the following positions will report directly to Reavis: vice president - marketing and communications, vice president- sales information, vice president - sales support and general manager of the Alliance facility.

A former employee of Gulfstream, Reavis served in various marketing and sales positions between 1994 and 1998. Most recently, he was senior vice president of sales for NetJets Inc., where he was responsible for sales of the entire fleet of fractionally owned aircraft and contributed significantly to NetJets' rapid growth and success during the past four years. Earlier in his career, Reavis served as senior vice president of sales at both Raytheon Aircraft and British Aerospace.

A Vietnam War veteran, Reavis is a former U.S. Marine Corps fighter pilot. He is a graduate of Baylor University, where he earned a bachelor's degree in business administration and economics.

NOTE TO EDITORS

Gulfstream Aerospace Corporation designs, develops, manufactures, markets and services the world's most technologically advanced 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 Division and Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 7,800 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, Va., employs approximately 54,000 people worldwide and had 2001 revenues of $12 billion. The company has leading market positions in land and amphibious combat systems, mission-critical information systems and technologies, shipbuilding and marine systems, and business aviation. More information about the company can be found on the World Wide Web at www.generaldynamics.com.