GULFSTREAM G550 AND G500 IN-SERVICE FLEET SURPASSES 200,000 FLIGHT HOURS

GULFSTREAM G550 AND G500 IN-SERVICE FLEET SURPASSES 200,000 FLIGHT HOURS
G550 and G500 Operators Also Top 75,000 Takeoffs and Landings


SAVANNAH, Ga., April 25, 2008 - The ultra-long-range Gulfstream G550 and G500 business-jet fleet recently surpassed 200,000 flight hours in less than five years since the first G550 entered service on Sept. 29, 2003. The fleet leader accounted for close to 6,000 of those hours, while nearly 170 additional G550 and G500 aircraft in service around the world contributed the remainder.

If hours accumulated by the 192 GVs currently in service were included, the total hours flown as of March 31, 2008, would be 935,890 for all three aircraft models.

The in-service G550/G500 fleet has a 12-month dispatch reliability rate of 99.84 percent. In addition, the G550 has established close to 40 city-pair speed records. The most notable is a 14.5-hour, 7,301-nautical-mile nonstop flight from Seoul, South Korea, to Orlando, Fla., on Oct. 3, 2003. That record was set less than two weeks after the aircraft entered service.

The G550 program began in 1999 as an advanced cockpit project and evolved into a total aircraft upgrade, initially known as the GV-SP. At the National Business Aviation Association's (NBAA) Annual Meeting and Convention in September 2002, Gulfstream unveiled the new, seven-aircraft product line that included the G550, which replaced the GV-SP.

In a Gulfstream first, the Federal Aviation Administration (FAA) issued the G550 type and production certificates on the same day, Aug. 14, 2003. The first G550 was delivered on Sept. 17, 2003. The G500 was certified by the FAA in December 2003 and was delivered to its first customer in May 2004.

The G550/G500 were the first to feature the PlaneView® cockpit, including modular avionics units from Honeywell, four large liquid crystal displays and two signature Cursor Control Devices – one for the pilot and one for the copilot.

Both the G550 and G500 offer customers safety, performance, reliability and comfort. With different price and performance points, the G550 can fly 6,750 nautical miles without refueling, while the G500 can fly up to 5,800 nautical miles nonstop.

The G550/G500 Development Team was honored by the National Aeronautic Association in 2003 for its technological break-through in aviation with the Robert J. Collier Trophy, the most prestigious aviation award in the United States.


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 some 1,600 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 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 9,100 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 84,000 people worldwide and reported 2007 revenues of $27.2 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.


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