ASIA JET ORDERS THREE AIRCRAFT FROM GULFSTREAM

ATLANTA, Ga., October 18, 2010 - Gulfstream Aerospace Corp. today announced an order from Asia Jet for three aircraft, a Gulfstream G150, G200 and G250. The aircraft will be in charter service from Shanghai Hongqiao Airport following delivery in 2011 and 2012.

Asia Jet, a Hong Kong-based private charter company, was recently named as the exclusive sales and marketing agent for all Part 135 aircraft under China Eastern Airlines’ newly formed Aircraft Operating Certificate for the region. Asia Jet announced that it has signed an exclusive Memorandum of Understanding with China Eastern Airlines to manage these aircraft in Mainland China. Asia Jet has one of the largest charter fleets in the region, with offices in Hong Kong, Shanghai and Tokyo.

"These are capable, comfortable, highly-productive aircraft. We have had a great experience with Gulfstream products and know the market will be very pleased with these proven performers and our exceptional level of personalized service," said Mike Walsh, Asia Jet CEO.

"We applaud Asia Jet and its forward-looking management for expanding its China operations. We see strong demand in the region and have every expectation their new Shanghai base will be a success," said Roger Sperry, Gulfstream regional senior vice president, Sales, South America and Far East. "We will provide legendary Gulfstream product support to help ensure Asia Jet’s success."

The wide-cabin, high-speed Gulfstream G150 is the fastest mid-size business jet in the world today with a range of 3,000 nautical miles (5,560 km).

The G200 established the super-midsize segment and has a range of 3,400 nautical miles (6,300 km). The G250, currently in flight test, will be largest, most capable aircraft in the super-midsize segment. It will be certified in 2011 with initial deliveries beginning next year.

 

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 1,900 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 wide-cabin, high-speed Gulfstream G150®; the large-cabin, mid-range Gulfstream G200®; the new large-cabin, mid-range Gulfstream G250®; the large-cabin, mid-range Gulfstream G350®; the large-cabin, long-range G450®; the large-cabin, ultra-long-range Gulfstream G500®; the large-cabin, ultra-long-range Gulfstream G550® and the ultra-large-cabin, ultra-long-range G650®. Gulfstream also offers aircraft ownership services via Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 9,000 people at seven major locations. We invite you to visit our website for more information and photos of Gulfstream aircraft at www.gulfstream.com.

General Dynamics, headquartered in Falls Church, Va., employs approximately 91,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.gd.com.