News Release

GULFSTREAM MARKS BEST INTERNATIONAL SALES YEAR
Gulfstream Bolsters International Sales Team By Placing Additional Sales Personnel in Asia and Europe
Gulfstream V Makes First Visit to Australian Air Show During Asia Sales Tour

Avalon, Australia, Feb. 13, 2001 -- Gulfstream Aerospace Corporation sold a record number of aircraft to international customers in 2000. International sales were particularly strong for the Gulfstream V and new Gulfstream V-SP.

"Gulfstream has made a significant investment in its international marketing efforts and we are seeing the results," said Ernie Edwards, Gulfstream's vice president, international sales.

Gulfstream moved its international sales headquarters to larger offices in Farnborough, England in late 1999 and has steadily increased its sales force. A new salesperson, Jason Akovenko, regional vice president, Asia/Pacific, has been assigned to the Gulfstream Singapore office and an additional salesperson will be placed in Europe.

"Gulfstream aircraft are building market share in key regions around the world and we continue to build our sales force as a result," said Edwards. "We have the right products for our international customers and it's being reflected in strong aircraft sales."

The growing international demand for the ultra-long range Gulfstream V prompted an increase of more than 100 percent in demonstration flights last year. As part of an extensive sales tour of Asia, Gulfstream's GV demonstrator aircraft is on display at the Australian Air Show.

The Gulfstream V is the world's first and most successful large-cabin, ultra-long range business aircraft; more than 100 are in customer service. With 69 world and national records since its introduction in 1997, the Gulfstream V offers the most advanced technology available in business aircraft today.

With its proven ability to travel non-stop for 6,500 nautical miles, fly at speeds up to Mach .885, and cruise at altitudes as high as 51,000 feet, the Gulfstream V can quickly connect the world's far-ranging business centers. The aircraft's performance advantage takes it high above commercial air traffic, weather and adverse winds, permitting shorter and more direct flights.

The Gulfstream V's luxurious cabin is also efficient and versatile. Only Gulfstream V passengers enjoy a low maximum cabin altitude of 6,000 feet and a 100-percent fresh air ventilation system. These unique features, coupled with the increased ambient light available through Gulfstream's large signature oval windows, virtually eliminate passenger fatigue and stress related to ultra-long range intercontinental travel.

The new Gulfstream V-SP, announced in October 2000, will provide a 250-mile range improvement over the current GV. The 6,750 nautical mile range provides extra margin not only on ultra-long range flights, but also on shorter-range, higher-speed routes. Performance improvements come from more efficient Rolls-Royce BR-710 engines, airframe drag reduction and the aircraft's lower empty weight. The first customer delivery is scheduled for 2003.

Gulfstream also produces the GIV-SP, the world's best selling large-cabin business aircraft. Reliability, performance, safety and passenger comfort are hallmarks of the Gulfstream IV-SP's success. The Gulfstream IV-SP currently holds more than 65 flight records. The Gulfstream IV fleet has logged nearly 1,400,000 flight hours worldwide and boasts a dispatch reliability rate in excess of 99.5 percent. The Gulfstream IV was certified in April 1987 and superseded by the Gulfstream IV-SP in September 1992.

To boost the company's presence in Asia, Gulfstream will use a GIV based in Hong Kong for customer flights to demonstrate the advantages of business aviation throughout Asia. Gulfstream signed a memorandum of understanding with Metrojet of Hong Kong in November to establish the Gulfstream IV charter service in Asia and designate Metrojet as an authorized line service center. Gulfstream is preparing a large-cabin, long-range GIV for Metrojet to begin service in the first quarter of 2001.

Gulfstream and Metrojet are working with the Hong Kong Civil Aviation Department on the certification of the GIV in Hong Kong.

NOTE TO EDITOR

Gulfstream, a wholly owned subsidiary of General Dynamics Corporation (NYSE: GD), designs, develops, manufactures and markets the world's most technologically advanced intercontinental business jet aircraft. The company has produced more than 1,200 aircraft for customers around the world since 1958.

To meet the aviation needs of its customers, Gulfstream offers a full range of aircraft products and services, including the Gulfstream IV-SP®, the ultra-long range Gulfstream V®, Gulfstream Shares®, Gulfstream Financial Services, Gulfstream Lease®, Gulfstream Pre-Owned Aircraft Sales®, Gulfstream Charter Services®, Gulfstream Management Services® and Gulfstream ServiceCare®. The company employs more than 8,300 people at eight locations. Our website at www.gulfstream.com contains photos of Gulfstream aircraft and related information.

General Dynamics, headquartered in Falls Church, Va., has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The corporation employs approximately 46,000 people worldwide and anticipates 2001 sales of approximately $11.5 billion. More information about the company can be found at www.generaldynamics.com.