News Release

THREE YEARS AFTER ITS MAIDEN FLIGHT, THE GULFSTREAM G550 BUSINESS JET CONTINUES TO SOAR
Today, More than 50 Large-Cabin, Ultra-Long-Range G550 Aircraft Are in Service

SAVANNAH, Ga., July 18, 2005 - Three years ago today, the Gulfstream G550 experimental aircraft, dubbed GV-SP, took its first flight from the Savannah Hilton Head International Airport, marking the beginning of a new generation of Gulfstream ultra-long-range business jets.

"Since its 5-hour, 1-minute maiden flight on that warm summer morning three years ago, the G550 has continued to exceed expectations in terms of performance, range and reliability," said Bryan Moss, president, Gulfstream. "In fact, in September 2003, just a week after entering service, the G550 completed a 20,000-mile flight around the world – setting four city-pair speed records in the process."

In early 2004, the National Aeronautic Association selected the G550 development team as the 2003 recipient of the Robert J. Collier Trophy for its work on the G550 business jet. The trophy citation reads, "The development of the G550 reflects Gulfstream’s ongoing commitment to designing, testing and building innovative aircraft that offer measurable safety enhancements and practical, applicable and useful advances in aerospace technology."

Today, there are 57 aircraft that comprise the in-service G550 fleet, which collectively have flown more than 25,000 flight hours and completed some 10,000 takeoffs and landings. To date, the G550 has set 14 city-pair speed records, including a 14.5-hour, 7,301-nautical-mile nonstop flight from Seoul , South Korea , to
Orlando , Fla.

Flying farther than any other business-jet aircraft in its class, the G550 can accommodate up to 19 passengers, fly at a maximum speed of 0.885 Mach and cruise at a maximum altitude of 51,000 feet. With a 100 percent fresh air system, maximum cabin altitude of 6,000 feet and 14 signature oval windows that allow for ample natural lighting, the G550 cabin maximizes passenger comfort while decreasing the effects of travel fatigue and jet lag.

The Gulfstream G550 features the PlaneView™ cockpit – the most advanced flight deck available in commercial aviation. With its unique blending of state-of-the-art technology and simplicity in presentation, PlaneView ensures pilots can access all flight-essential information from a single source. With PlaneView, functions including, navigation, communication and aircraft system status can be accessed easily via Gulfstream’s signature Cursor Control Device.

The G550 also includes the Gulfstream Enhanced Vision System (EVS), which enables flight crews to see runway markings, taxiways, adjacent roads and surrounding areas in conditions of limited visibility. The system also helps crews avoid runway incursion and hazards that would otherwise not be easily visible. By incorporating the most advanced computer software, hardware and display technologies available and marrying them with the latest in infrared camera technology, the G550 PlaneView cockpit reduces pilot workload while increasing safety.

The G550 was developed concurrently with its sister ship, the large-cabin, ultra-long-range G500. With their unique performance and price points, the two aircraft meet different air transportation needs. Both G550 and G500 aircraft, as well as the long-range G450 and the mid-range G350, feature the PlaneView flight deck. As a result, all four aircraft share the same pilot type rating as that of the Gulfstream V (GV), with minimal differences in training. Customers who operate fleets with two or more of these Gulfstream aircraft will appreciate the cost savings that can be generated in terms of pilot, crew and maintenance training as well as reduced parts inventory.

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 1,500 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 G350 ™; the large-cabin, long-range G450 ™; 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 7,200 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 , Virginia , employs approximately 70,100 people worldwide and had 2004 revenue of $19.2 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at www.generaldynamics.com