GULFSTREAM PLANEPARTS™ PROGRAM REACHES MILESTONE

Program Enrolls 50th Customer

SAVANNAH, Ga., August 12, 2011 - Gulfstream Aerospace Corp. announced today that the 50th customer has enrolled in the company's cost-per-hour maintenance program known as PlaneParts. The Brazilian customer will operate a Gulfstream G550 upon delivery in September.

PlaneParts provides Gulfstream operators with no-charge replacement components for parts removed due to failure, life limit or wear, in exchange for monthly payments based on the aircraft's model and age.

“PlaneParts has been well-received by our operators since we launched the program last year at NBAA in Atlanta,” said Mark Burns, president, Gulfstream Product Support.  “Particularly in these economic times, controlling costs is critical for any company, big or small.  PlaneParts gives our operators a tool to accurately forecast the cost of component replacements for their aircraft.  Our operators benefit from single-source component ordering and can take advantage of our worldwide product support network, which includes 24/7 AOG assistance.”

The PlaneParts program was officially launched in October 2010.

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 new large-cabin, mid-range Gulfstream G280®; the large-cabin, mid-range Gulfstream G350®; the large-cabin, long-range Gulfstream 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 10,000 people at 10 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, Virginia, employs approximately 88,000 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 the company is available on the Internet at www.generaldynamics.com.