News Release

GULFSTREAM REDUCES PRICES ON SELECT CONSUMABLE PARTS USED ON ALL ITS AIRCRAFT MODELS

SAVANNAH, Ga., May 28, 2004 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has significantly reduced prices on select groups of consumable parts for the entire fleet of Gulfstream business-jet aircraft. These parts include the most popular interior, airframe and major component parts for Astra, G100, G200, GII, GIII, GIV/GIV-SP, GV, G300, G400, G500 and G550 business jet aircraft.

The new price reductions are part of Gulfstream’s commitment to changing its spare-parts business by offering customers competitively priced parts on a permanent basis. During the past two years, Gulfstream has significantly reduced prices on more than 1,500 parts.

These reduced-priced parts are available to Gulfstream aircraft owners, operators and management companies and apply to over-the-counter transactions as well as service center visits to all Gulfstream and General Dynamics Aviation Services locations.

NOTE TO EDITORS

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE: GD), designs, develops, manufactures, markets, services and supports the world’s most technologically advanced business jet aircraft. Gulfstream has produced more than 1,400 aircraft for customers around the world since 1958. To meet the diverse transportation needs of the future, Gulfstream offers a comprehensive fleet of aircraft, comprising the mid-cabin, high-speed Gulfstream G100™; the wide-cabin, high-speed Gulfstream G150™; the large-cabin, mid-range Gulfstream G200™; the large-cabin, mid-range Gulfstream G300™; the large-cabin, mid-range Gulfstream G350™; the large-cabin, long-range Gulfstream G400™; the large-cabin, long-range G450™; the large-cabin, ultra-long-range Gulfstream G500™ and the large-cabin, ultra-long-range Gulfstream G550™. Gulfstream also offers aircraft ownership services via Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 6,750 people at seven major 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 68,400 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at www.generaldynamics.com.