News Release

GULFSTREAM APPOINTS FRANK DEFELICE GENERAL MANAGER OF COMPANY’S LONDON-LUTON SERVICE CENTER
DeFelice Relocates to England as Schneider Returns to United States for New Position at Company Headquarters

SAVANNAH, Ga., July 27, 2004 – Gulfstream Aerospace has appointed Frank DeFelice general manager of the Gulfstream Service Center located at the London-Luton Airport in England. Most recently DeFelice served as manager of service center scheduling at the Gulfstream Service Center located at the company’s headquarters in Savannah, Ga.

With more than 20 years of aviation experience, DeFelice has supported aircraft in both the commercial and military aviation sectors. He joined Gulfstream in 1996 as an airframe and powerplant (A&P) mechanic, working his way up to crew chief, hangar manager and then operations manager. Prior to joining Gulfstream, DeFelice worked for Empire Airways in Phoenix, where he oversaw the maintenance of the FedEx Corporation’s aircraft fleet. He began his aviation career in the U.S. Air Force, where he served four years and earned his A&P license.

DeFelice will replace Marc Schneider who relocated to England following Gulfstream’s purchase of the Luton maintenance facility in April 2003. During the 15 months Schneider served as general manager in Luton, the service center expanded, doubling its available hangar space, and received the first Diamond Award of Excellence outside the United States. Issued by the Federal Aviation Administration, the Diamond Award recognizes the highest level of aircraft maintenance training at both the individual and site level. Prior to his service at Luton, Schneider was general manager of the General Dynamics Aviation Services service center in Las Vegas. A 12-year Gulfstream employee, Schneider will relocate from Luton to Savannah, where he will serve as director of materials support.

“Marc has done an outstanding job at Luton and as a result, Gulfstream has transitioned itself seamlessly into the European aircraft maintenance market,” said Larry Flynn, president, product support, Gulfstream. “We are confident that Frank, with his can-do style, will pick up where Marc leaves off and continue to provide the incomparable customer support for which Gulfstream London-Luton is already well-known.”

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 69,400 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.