Gulfstream Delivers First G500 Business-Jet Aircraft to Customer

GULFSTREAM DELIVERS FIRSTG500 BUSINESS-JET AIRCRAFT TO CUSTOMER
Large-cabin, Ultra-long-range G500 to Meet Long-distance Travel Requirements of International Business Owner

SAVANNAH, Ga., May 20, 2004 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has delivered its first large-cabin, ultra-long-range Gulfstream G500 business-jet aircraft to established Gulfstream customer Danny Pettit. A venture capitalist, Mr. Pettit will use the aircraft for his personal transportation to various locations around the world, including Europe and Australia, where he has business interests.

"We are especially pleased that Danny Pettit is the first customer to take delivery of our new G500," said Bryan Moss, president, Gulfstream. "As a previous G100 and G200 business-jet owner, we appreciate his loyalty to the Gulfstream brand and look forward to working with him. We are confident Mr. Pettit will find his new G500 his most valued and effective business tool."

Pettit is the owner of Alii Aviation, headquartered in Menlo Park, Calif., which will manage all operational aspects of the G500. He is the co-founding partner of KPLJ ventures, a venture capital firm with investments in the telecommunications industry, and PKV Racing, an auto racing team that is part of the Champ Car World Series.

The G500, introduced in 2002, closely resembles Gulfstream’s flagship aircraft, the large-cabin, ultra-long-range G550, which recently won North America’s most prestigious aviation award, the Robert J. Collier Trophy.

The G550 and G500 feature the same size cabin, which was designed to optimize space for working and relaxing. To improve in-flight productivity and assist in reducing passenger fatigue caused by jet lag, the Gulfstream cabins feature a maximum cabin altitude of 6,000 feet with 100 percent fresh air every two minutes and 14 signature oval windows that allow ample sunlight by which to work.

The G550 and G500 also share the PlaneView™ cockpit - the most technologically advanced flight deck available in commercial aviation. Both aircraft cruise at an altitude of 51,000 feet, well above commercial traffic patterns and congestion and reach speeds up to .885 Mach. Additionally, both the G500 and G550, along with Gulfstream’s large-cabin, long-range G450 and G350 aircraft, share the same pilot type rating, resulting in reduced operating costs associated with pilot training.

For international travelers, the G500 can fly up to 5,800 nautical miles nonstop, compared to the G550, which flies nearly 1,000 nautical miles farther. But with a 5,150 foot takeoff distance - 760 feet less than is required by the G550 - the G500 is perfect for operating out of smaller airports that have shorter runways.

The G500 was certified by the Federal Aviation Administration in December 2003, four months after the G550 received its Type Certificate.

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 1,400 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, mid-range Gulfstream G350™; the large-cabin, long-range Gulfstream G400™; 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 6,750 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 68,400 people worldwide and anticipates 2004 revenue of $19 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.

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