GULFSTREAM UNVEILS NEW PRODUCT LINE

GULFSTREAM UNVEILS NEW PRODUCT LINE
Gulfstream Introduces New Technology, New Designs and Customer-Preferred Option Selections at Every Price, Performance and Value Point

ORLANDO, Fla., September 9, 2002 - Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE: GD), today introduced a broad new product line that offers an exceptional combination of price, performance and value-added customer preferences in each segment of the business jet market. The new product line, consisting of seven aircraft, will provide the opportunity for the company to compete aggressively and effectively in all segments of the business jet market from mid-cabin, high-speed to large-cabin, ultra-long-range. A new designation for Gulfstream aircraft was also announced today in conjunction with the National Business Aviation Association (NBAA) convention being held in Orlando, Sept. 10-12.

"Gulfstream has steadily invested in re-engineering the company to achieve engineering, production, completion, service and maintenance efficiencies to position us to make this competitive move," said Bill Boisture, president, Gulfstream.

The new fleet now consists of the Gulfstream G550™, Gulfstream G500™, Gulfstream G400™,
Gulfstream G300™, Gulfstream G200™, Gulfstream G150™ and Gulfstream G100™.

"In response to market trends and customer transportation needs, we will now offer seven different products," said Boisture. "The new fleet will offer our customers the flexibility to choose from different option packages such as multiple cabin layouts and different avionics packages and cockpit technology. Our high-end large-cabin, ultra-long-range aircraft, which is sold fully equipped, includes the Gulfstream Enhanced Vision System™ and an industry-exclusive 5-year Gulfstream Service and Training Package. The Gulfstream G300 and Gulfstream G500 enter two emerging market segments at value points that offer customers the ability to select option packages that meet their specific transportation needs."

The entire product line is backed by The World Standard™ in product support, which includes Gulfstream's industry-exclusive Airborne Product Support™ service.

"The Gulfstream G300 and the Gulfstream G500 are products that will address emerging market segments with an excellent combination of cabin size, performance and options that far outpace what the competition can offer," said Raynor Reavis, senior vice president, marketing and sales. "The G500 and the G300 will enter service ahead of the competition by one to two years, respectively. The G500 will compete directly with the Global 5000 and the Falcon 7X, and the G300 competes directly with the CL604 and the F2000EX."

"The G300, which will bring an exceptional value package, is an aggressive move by Gulfstream to reclaim the market segment originally developed by the company with the Gulfstream III. This new product will reintroduce Gulfstream quality, reliability, speed and cabin size to this market and we expect it to be very successful," added Reavis.

"Our engineering expertise, technical improvements, improved manufacturing processes,
cycle-time reduction, lean manufacturing, completions rollback efforts, and vendor relations and completions process improvements have prepared us to easily accommodate the production and completion of this new product line," said Joe Lombardo, chief operating officer. "The new Gulfstream fleet will continue to include all of the safety, quality, reliability, performance and comfort features for which Gulfstream aircraft are world-renowned."

The new product line will consist of products that range from 2,700 to 6,750 nautical miles and carry 6 to 18 passengers.

The first phase of production for the large-cabin, mid-range Gulfstream G300; large-cabin,
long-range G400; large-cabin, ultra-long-range G500; and the large-cabin, ultra-long-range G550 will be focused in Savannah. The final phase of the production will occur at company-owned operations in Savannah; Brunswick, Ga.; Appleton, Wis.; and Long Beach, Calif.

Gulfstream will continue to complete the final phase of manufacturing for the mid-cabin,
high-speed Gulfstream G100 and the large-cabin, mid-range Gulfstream G200 at its company-owned facilities in Dallas and Appleton. The wide-cabin, high-speed Gulfstream G150 is being designed, developed and certified in a joint effort between Israel Aircraft Industries (IAI) and Gulfstream.

The New Fleet Designation:
Gulfstream has developed a new designation system for its entire business jet fleet that allows for an easy-to-understand transition and for future planned product introductions. "This designation approach, which will not affect in-service aircraft nomenclature, will provide for easy understanding of the progression in cabin size, performance and value across the product line," Reavis said.

The World Standard Product Support:
Award-winning 24x7x52 service and product support backs the entire new Gulfstream fleet and is available at 10 strategically located sites throughout North America and at 16 sites worldwide.

Industry-exclusive Gulfstream Airborne Product Support™ is a value-added customer service offered to Gulfstream aircraft under warranty. In urgent circumstances, and usually when commercial transportation methods are unavailable or will take too long, a specially equipped G100 is dispatched with parts and technicians to customers at no charge.

The Gulfstream Parts Support™ team is integrated with Technical Operations for fast resolution of any technical questions that may arise. Customers can also order parts through a customer-only, secure Web site, myGulfstream.com. A $150 million spare parts inventory is deployed at 12 locations around the world to support customers in the timeliest fashion. In more than 99 percent of cases, the customer's spare part is in stock, ready for immediate shipment.

Through the GulfSave program, prices have been discounted on hundreds of the most commonly demanded parts. For larger, more complex assemblies, Gulfstream offers the option of ordering new or less expensive overhauled units.

Highlights of Each Product:

The Fully Equipped Gulfstream G550 - Standard Equipment Includes the Gulfstream Enhanced Vision System™ and the Industry-Exclusive Gulfstream 5-Year Service and Training Package

Available now and scheduled for entry into service in 2003, the most technically advanced aircraft of the fleet, the Gulfstream G550, can fly up to 51,000 feet at speeds up to Mach .885. Powered by two Rolls-Royce BR710 engines, the G550 can fly eight passengers and four crewmembers 6,750 nautical miles - the longest range available in a business jet. The G550 will fly non-stop from New York to Tokyo in 14 and one-half hour. The G550 also will feature the most advanced flight deck in corporate aviation. The PlaneView™ cockpit is an integrated avionics suite that features four large liquid crystal displays that significantly improve the readability of terrain maps, navigational and weather information, and primary flight data.

The large-cabin, ultra-long-range G550's standard equipment includes the Gulfstream Enhanced Vision System™ and the Gulfstream Signature Control Devices. The Gulfstream EVS, which is the first system of its kind to be certified by the Federal Aviation Administration, significantly improves pilot situational awareness during conditions of reduced visibility, both in flight and on the ground. The comprehensive industry-exclusive Gulfstream 5-year Service and Training Package and the competitive warranty program are just two of the many standard features offered with the G550.

Owners of the fully equipped Gulfstream G550 will enjoy choosing from multiple cabin layouts and several other well-planned and designed option packages. The standard equipment and option packages combined with the proven reliability, safety, comfort and performance offer an exceptional combination of features that serve to enhance the customer's ability to tailor the aircraft to meet their individual mission needs. Customization packages are also available on the G550.

Depending on the configuration, the G550 can accommodate 14 to 18 passengers.

The Gulfstream G500 Addresses an Emerging Market Segment
Available now, the first deliveries for entry into service are scheduled in 2004. The Gulfstream G500 business jet, with its two Rolls-Royce BR710 engines, can fly 5,800 nm with eight passengers at a cruising speed of Mach .80 from Los Angeles to Moscow without refueling. Versatile in its ability to reach four continents from North America, the large-cabin, ultra-long-range jet can fly up to 5,000 nautical miles at Mach .85. The G500's required takeoff distance is only 5,150 feet.

Owners of the Gulfstream G500 will enjoy a wide range of selections that include multiple cabin layouts, several well planned and designed option packages, and competitive warranty, training and maintenance programs. The standard equipment and option packages combined with the proven reliability, safety, comfort and performance offer an exceptional combination of features that serve to enhance the customer's ability to tailor the aircraft to meet their individual mission needs.

Depending on the configuration, the G500 can accommodate 14 to 18 passengers.


The Fully-Equipped Gulfstream G400 Includes HUD and the Industry-Exclusive Gulfstream 5-Year Service and Training Package

With first deliveries for entry into service scheduled in 2003, the Gulfstream G400 business jet aircraft has a range of 4,100 nautical miles at speeds up to Mach .88. The Rolls-Royce Tay-powered G400 can fly up to eight passengers and three crewmembers from Chicago to Berlin without refueling. With the largest cabin in its class, the G400 allows for excellent onboard productivity and comfort.

The large-cabin, long-range G400's standard equipment includes a Head-Up-Display (HUD) and many other additional state-of-the-art technologies. The comprehensive industry-exclusive Gulfstream 5-year Service and Training Package and the competitive warranty are just two of the standard features offered with the G400.

Owners of the fully equipped Gulfstream G400 will enjoy choosing from multiple cabin layouts and several other well-planned and designed option packages. The standard equipment and option packages combined with the proven reliability, safety, comfort and performance offer an exceptional combination of features that serve to enhance the customer's ability to tailor the aircraft to meet their individual mission needs. Customization packages are also available on the G400.

The G400 can accommodate 11 to 14 passengers.

The Gulfstream G300 Addresses an Emerging Market Segment
First deliveries for entry into service of the Gulfstream G300 are scheduled for 2003. The large-cabin, mid-range G300 aircraft can fly eight passengers at Mach .80 from Chicago to London nonstop. With a maximum range of 3,600 nautical miles and a takeoff distance of 5,100 feet, the G300, with its two Rolls-Royce Tay engines, offers international flight capability at a superb value.

Owners of the Gulfstream G300 will enjoy a wide range of selections that include multiple cabin layouts, several well planned and designed option packages, and competitive warranty, training and maintenance programs. The standard equipment and option packages combined with the aircraft's proven reliability, safety, comfort and performance offer an exceptional combination of features that serve to enhance the customer's ability to tailor the aircraft to meet their individual mission needs.

The G300 will accommodate 11 to 14 passengers.

The Large-Cabin, Mid-Range Gulfstream G200 Lives up to Large-Cabin Expectations
With first deliveries scheduled for entry into service in 2003, the large-cabin, mid-range Gulfstream G200 accommodates up to 10 passengers and offers outstanding performance with its excellent climb, high-cruising altitude, high-speed, long-range and short-landing capabilities. Powered by two Pratt & Whitney PW 306A engines, the G200 is able to fly up to 3,600 nautical miles, fly at speeds up to Mach .85 and at cruising altitudes up to 45,000 feet. With low ambient noise levels, 100 percent fresh-air cabin and natural light from generous windows, the cabin provides a comfortable workspace for busy travelers.

The G200 benefits from the many improvements made in the 15 months since the Gulfstream G200 joined the Gulfstream fleet. Improvements include exceptions at delivery, which have dropped by more than 90 percent, with the most recent aircraft delivered experiencing only 10 exceptions. Equally important, completions cycle time has decreased by 68 percent (from 14 months to four-and-a-half months), while an aggressive weight-reduction program has already exceeded 50 percent of a targeted 650 pounds.

The G200 offers several layout options and competitive warranty, training and maintenance programs. Combined with the Gulfstream reputation for safety, reliability, comfort and performance, this large-cabin, mid-range aircraft can be tailored to meet the customer's individualized mission requirements.

The Wide-Cabin, High-Speed Gulfstream G150
Available now, the first deliveries are scheduled to enter into service in 2005. The Gulfstream G150 comes complete with a wide cabin for additional passenger and crew comfort at a surprisingly affordable price. Gulfstream and IAI engineers drew upon the company's experience in the business jet market to develop an aircraft that offers the best range and speed of any aircraft in its class. Powered by two fuel-efficient Honeywell 731 engines, the Gulfstream G150 will offer the best performance in its class. With a range of 2,700 nautical miles, the wide-cabin, high-speed G150 will be able to fly from New York to Los Angeles nonstop in just 5 hours and 50 minutes -- saving 1 hour and 600 pounds of fuel over its nearest competitor.

Available in three configurations this aircraft is capable of accommodating six to eight passengers comfortably. The wide-cabin features stand-up headroom, ample aisle space, and generous seated headroom and legroom. The 100 percent fresh-air cabin will feature the generous window previously available only on the G200 to provide more natural light for additional passenger comfort. The G150 also offers competitive warranty, training and maintenance programs and combined with the Gulfstream reputation for safety, reliability, comfort and performance, the G150 will meet individualized mission requirements.

The Mid-Cabin, High-Speed Gulfstream G100 In Production through 2004

Rounding out the Gulfstream fleet, the mid-cabin, high-speed Gulfstream G100, available now, is powered by two Honeywell TFE 731 engines. The G100 can fly up to 2,700 nautical miles, at altitudes up to 45,000 feet and at speeds up to Mach 0.875. From throughout the United States, the Gulfstream G100 can reach most airports in North America and the Caribbean. The G100 offers competitive warranty, training and maintenance programs. Combined with the Gulfstream reputation for safety, reliability, comfort and performance, the G100 will meet individualized mission requirements.

An excellent value for mid-cabin, high-speed business travel, the G100 can be outfitted to accommodate six or seven passengers.

 

NOTE TO EDITORS


Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics, designs, develops, manufactures, markets and services 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 aviation needs of its customers, Gulfstream offers a full range of aircraft products and services, including the Gulfstream 100®, Gulfstream 150®, Gulfstream 200®, Gulfstream 300®, Gulfstream 400®, Gulfstream 500®, and Gulfstream 550®, Gulfstream Financial Services Division and Gulfstream Pre-Owned Aircraft Sales®. The company employs more than 7,800 people at eight 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 54,000 people worldwide and anticipates 2002 revenues of $14 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

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