News Release

GULFSTREAM AEROSPACE HIRES WOLFGANG SCHNEIDER AS VICE PRESIDENT, CENTRAL EUROPEAN SALES

Moscow, Russia, August 14, 2001 - Wolfgang Schneider has been hired as vice president, Central European sales, for Gulfstream Aerospace Corporation. He will oversee sales of Gulfstream aircraft in Central Europe, including Germany, Austria, Eastern Europe, Russia and the Commonwealth of Independent States.

Before joining Gulfstream, Schneider served as director of sales for Cessna Citation aircraft in Central Europe. In that position, he sold 120 aircraft at an average of 1.5 aircraft a month, establishing a sales record for Cessna.

With 20 years of business aviation sales experience, Schneider also worked as director of aircraft Sales/Europe for Dornier Regional; director of worldwide sales for Grob Aircraft; and sales manager for Aero-Dienst, a German business jet distributer.

"Wolfgang's experience and extensive knowledge of the business aviation market in Europe are a great asset for Gulfstream," said Tarek Ragheb, division vice president, international sales, Europe, Middle East and Africa. "It's obvious by his impressive aircraft sales record that he is not only an astute salesman, but also a great resource to his customers."

Schneider earned a degree in business administration from the University of Munich. He also holds commercial and instrument pilots' licenses.

NOTE TO EDITOR

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE:GD), designs, develops, manufactures and markets the world's most technologically advanced intercontinental business jet aircraft. Gulfstream 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 100®, Gulfstream 200®, 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 8,750 people at eight 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, Virginia, employs approximately 49,000 people and anticipates 2001 sales of approximately $11.5 billion. The company has leading market positions in business aviation, information systems, shipbuilding and marine systems,
and land and amphibious combat systems. More information about the company can be found at www.generaldynamics.com.