News Release

SECOND GULFSTREAM V PLACED BY GULFSTREAM GATX LEASING COMPANY, LLC GATX
Gulfstream Orders Two Additional Gulfstream IV-SPs For Delivery in 2001

NBAA, New Orleans, Oct. 10, 2000 -- Gulfstream GATX Leasing Company, LLC (GGLC) will deliver the second Gulfstream V ordered for the Gulfstream Lease program to a major international energy company. The Gulfstream Lease program, a joint venture between GATX Capital Corporation and Gulfstream Aerospace Corporation, is the first and only short-term operating lease program for the Gulfstream family of long-range, large-cabin business aircraft.

GGLC delivered its first Gulfstream V to Johnson Controls, Inc. in June 2000. That aircraft is the first of five Gulfstream Vs purchased by GGLC. The second GGLC Gulfstream V is scheduled to deliver to the new customer in December.

GGLC also leased a Gulfstream IV-SP to a corporate customer in December 1999. The leasing company has ordered two additional Gulfstream IV-SPs for delivery in 2001.

"A short-term lease, ranging from two-to-five years, is an ideal solution for companies seeking the benefits of a new Gulfstream without the cost and obligation of outright ownership," said Eric Hinson, senior vice president Gulfstream Financial Services Corporation. "Companies needing interim lift or a means to quickly expand a corporate aircraft fleet are finding the combination of new Gulfstream aircraft and Gulfstream GATX Leasing's flexible leasing terms, an ideal solution for their airlift requirements."

The Gulfstream Lease program provides a range of leasing options, rapid access to a Gulfstream and the benefits of aircraft ownership without the capital investment. Gulfstream provides sales, marketing and aircraft maintenance services, while GATX Capital provides account management services.

NOTE TO EDITOR

Gulfstream, a wholly owned subsidiary of General Dynamics Corporation (NYSE: GD), designs, develops, manufactures and markets the world's most technologically advanced intercontinental business jet aircraft. The company has produced more than 1,160 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 IV-SP®, the ultra-long range Gulfstream V®, Gulfstream Shares®, Gulfstream Financial Services, Gulfstream Lease®, Gulfstream Pre-Owned Aircraft Sales®, Gulfstream Charter Services®, Gulfstream Management Services® and Gulfstream ServiceCare®. The company employs more than 8,300 people at eight locations. Our website at www.gulfstream.com contains photos of Gulfstream aircraft and related information.

General Dynamics, headquartered in Falls Church, Va., has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The corporation employs approximately 44,000 people worldwide and has annualized sales of approximately $10 billion. More information about the company can be found at www.generaldynamics.com. GATX Capital Corporation is a diversified global financial services company that provides financing for transportation, industrial and high technology assets. The Company owns or manages assets with an original cost of approximately $10 billion.

GATX Capital Corporation is a diversified global financial services company that provides financing for transportation, industrial and high technology assets. The Company owns or manages assets with an original cost of approximately $10 billion. GATX Capital is a subsidiary of Chicago-based GATX Corporation (NYSE: GMT). GATX Corporation is a unique finance and leasing company combining asset knowledge and services, financial structuring expertise, creative partnering and risk capital to serve customers and partners worldwide. GATX primarily focuses on leasing such assets as railroad rolling stock, commercial jet aircraft, ships and information technology. Further information on GATX Capital Corporation can be found at www.gatxcapital.com. For further information on GATX Corporation please visit www.gatx.com.