News Release

GULFSTREAM AEROSPACE APPOINTS DON PETERSEN VICE PRESIDENT AND GENERAL MANAGER

SAVANNAH, Ga., Aug. 12, 2003 -Gulfstream Aerospace has appointed Don Petersen vice president and general manager of Gulfstream's Appleton, Wis. site. Serving as general manager of the Appleton site since February 2000, Petersen oversees the site's two business activities - the final phase of manufacturing on Gulfstream G100, G300 and G400 business jets and after-market service and maintenance for the entire product line of Gulfstream aircraft and other business jet aircraft.

"Don has assumed various job responsibilities since he joined Gulfstream in 1996," said Joe Lombardo, chief operating officer, Gulfstream. "He has consistently met the challenges of the business. Additionally, he has been a driving force in the growth and profitability of the Appleton facility."

Before joining Gulfstream as a hangar manager in Savannah, Petersen worked for an aircraft outfitter - first as an airframe shop manager and then as a service marketing representative.

A veteran of the U.S. Air Force, Petersen held the rank of sergeant while working as a crew chief on the B-52 bomber aircraft. He studied at the University of Nebraska and Doane College and is scheduled to complete his bachelor's degree in accounting next year. Petersen also is a licensed airframe and powerplant mechanic

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 1,300 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 mid-cabin, high-speed Gulfstream G100™; the wide-cabin, high-speed Gulfstream G150™; the large-cabin, mid-range Gulfstream G200™; the large-cabin, mid-range Gulfstream G300™; the large-cabin, long-range Gulfstream G400™; the large-cabin, ultra-long-range Gulfstream G500™ and the large-cabin, ultra-long-range Gulfstream G550™. Gulfstream also offers aircraft ownership services via Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 7,400 people at seven major locations. We invite you to visit our Web site for more information and photos of Gulfstream aircraft at www.gulfstream.com.

General Dynamics, headquartered in Falls Church, Va., employs approximately 57,000 people worldwide and had 2002 revenues of $13.8 billion. The company has leading market positions in land and amphibious combat systems, mission-critical information systems and technologies, shipbuilding and marine systems, and business aviation. More information about the company can be found on the World Wide Web at www.generaldynamics.com.