News Release

GULFSTREAM AEROSPACE HIRES KURT ERBACHER AS VICE PRESIDENT, ENGINEERING DEVELOPMENT

SAVANNAH, Ga., May 18, 2001 - Gulfstream Aerospace Corporation has hired Kurt Erbacher as vice president for its GIV-X program. He will lead the design, development and certification of the next generation of Gulfstream IV aircraft.

Prior to joining Gulfstream, Erbacher was chief engineer for Lockheed Martin Aircraft and Logistics Centers, where he was responsible for all aerospace engineering disciplines - design, analysis, manufacturing, systems integration, test reliability and technical publications. He also was responsible for prototype development, Federal Aviation Administration (FAA) certification, ground and flight test, and contractor oversight.

"A highly motivated and energetic planner, organizer and coordinator with military, international and commercial aerospace management experience, Kurt will do a great job leading the team through the development process," said Pres Henne, senior vice president, programs.

Erbacher also worked for Piedmont Airlines as a senior structural engineer and for Grumman Aerospace as a stress analyst. He currently holds FAA designated engineering representative ratings in structures, damage tolerance, interiors and mechanical.

A graduate of the Lockheed Senior Management Institute, Erbacher earned a bachelor's degree in civil engineering from the University of North Carolina at Charlotte.

NOTE TO EDITOR

Gulfstream, a wholly owned subsidiary of General Dynamics Corp., 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® and Gulfstream V-SP®, 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 8,000 people at seven locations. We invite you to visit our Web site at www.gulfstream.com for photos of Gulfstream aircraft and related information.

General Dynamics, headquartered in Falls Church, Va., has leading market positions in business aviation, information systems, shipbuilding and marine systems, and land and amphibious combat systems. 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.