News Release

ONE-HUNDREDTH GULFSTREAM G200 BUSINESS JET CEREMONIOUSLY ROLLS OUT
Gulfstream G200, ‘A True Gulfstream’

SAVANNAH, Ga., Aug 30, 2004 –Today, the 100th large-cabin, mid-range Gulfstream G200 business-jet aircraft was officially rolled out. The “green” aircraft, which received its Certificate of Airworthiness from the Federal Aviation Administration (FAA) Aug. 26, is scheduled to be delivered to its owner, fractional aircraft ownership company NetJets, in the fourth quarter of 2004 - nearly five years after the first G200 was delivered to its first owner.

The first true super mid-size business jet to enter the marketplace, the first G200, previously known as the Galaxy, rolled out in 1997. After a year of flight testing, the aircraft received its FAA Type Certificate in December 1998. Following the May 2001 purchase of Galaxy Aerospace by General Dynamics (NYSE: GD), Gulfstream’s parent company, the aircraft, along with its sister-ship, the high-speed Astra, officially became part of the Gulfstream fleet of business jets. Subsequently, the aircraft were branded as the G100 and G200. Along with the acquisition of the two aircraft models, Gulfstream announced that NetJets had placed 50 firm orders for the G200 with an option for 50 more.

For the next two years, the G200 underwent significant modifications, including a newly designed interior and an overall weight reduction of more than 450 pounds.

With its uniquely low ramp profile and large cabin environment, the aircraft has captured the attention of many in the business aviation industry. Today, G200s are in service throughout the world - in Europe, Asia and both North and South America.

“Our final phase manufacturing facility, which outfits and completes the G200, has transformed the aircraft into a true Gulfstream business jet,” said Bryan Moss, president, Gulfstream. “Our engineers and technicians have succeeded in improving an already sleek and sturdy plane into one that is reliable, more comfortable and performs better than before.”

Since 2001, Gulfstream has delivered 67 outfitted G200s. By the end of the second quarter of this year, the in-service G200 fleet had flown a total of 70,522 flight hours and completed 43,496 take-offs and landings.

As with every Gulfstream aircraft, the design of the G200 cockpit incorporates industry-leading technology. In addition to the Engine Indicating and Crew Alert System (EICAS), the flight deck features an Electronic Flight Instrument System (EFIS), which provides critical electrical, hydraulic and mechanical systems information at a glance. For efficiency and safety, the G200 also includes the TCAS (Traffic alert and Collision Avoidance System) and EGPWS (Enhanced Ground Proximity Warning System) with windshear warning. Earlier this year, Gulfstream began offering Safe Flight Instrument Corporation’s Enhanced Autopower® Automatic Throttle System (ATS) as a retrofit on in-service G200s and as optional equipment on new G200s.

The G200 offers seating configurations that can accommodate up to 10 passengers. Its outstanding performance characteristics include excellent climb, high-cruising altitude, high-speed, long-range and short-landing capabilities. Powered by two Pratt & Whitney PW 306A engines, the G200 can reach speeds up to Mach .85, altitudes up to 45,000 feet and a range of 3,400 nautical miles. With low ambient noise levels, 100 percent fresh air and natural light from generous windows, the cabin provides a comfortable workspace for busy travelers.

G200 aircraft are manufactured at Israel Aircraft Industries (IAI) in Tel Aviv, Israel, and then flown to Dallas for completion.

“At IAI, we are very proud of our relationship with Gulfstream. We look forward to continuing to work with them to manufacture quality aircraft that are flown by companies all over the world,” said Moshe Keret, president and chief executive officer, Israel Aircraft Industries.

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.