News Release

GULFSTREAM IV/IV-SP COMPLETES EUROPEAN JOINT AVIATION AUTHORITIES CERTIFICATION PROCESS
Gulfstream IV/IV-SP First Aircraft to Obtain Type Certificate Validation under JAA Process

Savannah, Georgia - October 16, 2001 - Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE: GD), announced today that the Gulfstream IV/IV-SP has successfully completed the European Joint Aviation Authority (JAA) validation process. Accordingly, a Letter of Recommendation for issuance of National Type Certificates has been sent to all JAA member countries. The letter from the JAA Certification Committee advises each country to issue a national type certificate or equivalent for the Gulfstream IV/IV-SP. The JAA is responsible for the development and application of common certification requirements for all member countries as well as aircraft safety and operation procedures.

The validation process was initiated by the JAA to deal with aircraft that had been issued type certificates by member countries prior to the formation of the JAA in 1990. The Letter of Recommendation is the result of a comprehensive program that was initiated more than a year ago and included the involvement of the Federal Aviation Administration.

"We are pleased that the JAA has validated and recommended the Gulfstream IV/IV-SP to its 25 member countries," said Bill Boisture, Gulfstream president and chief operating officer. "We are particularly excited that our aircraft was the first to successfully complete the JAA certification process."

The 425 Gulfstream IV/IV-SP aircraft in service have accrued more than 1.5 million flight hours and more than 770,000 landings while maintaining a 99.6% reliability rate. Geneva to New York, Tokyo to Seattle and Riyadh to Johannesburg are all routine flights onboard the Gulfstream IV/IV-SP-SP."This is an important milestone for Gulfstream," said Joe Walker, Gulfstream sr. vice
president, worldwide sales. "It is consistent with our commitment to the European market and provides our current European customers with a new level of flexibility in the operation of their aircraft."

The GIV/IV-SP is the best selling, long-range, large-cabin business jet aircraft in history. Flying at altitudes of up to 45,000 ft the GIV/IV-SP-SP can fly nonstop 4,220 nautical miles at .80 Mach. It currently holds over 75 flight records. Unmatched by the competition, the GIV/IV-SP-SP has the largest and most comfortable cabin in its class and boasts an uncompromising record of safety, reliability, performance and comfort.

NOTE TO EDITOR

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE:GD), designs, develops, manufactures and markets the world's most technologically advanced intercontinental business jet aircraft. Gulfstream has produced more than 1,200 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 200®, Gulfstream IV-SP®, the ultra-long range Gulfstream V® and Gulfstream V-SP®, 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 8,750 people at eight locations. We invite you to visit our Web site at www.gulfstream.com for photos of Gulfstream aircraft and related information.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 49,000 people and anticipates 2001 sales of approximately $11.5 billion. The company has leading market positions in business aviation, information systems, shipbuilding and marine systems, and land and amphibious combat systems. More information about the company can be found at www.generaldynamics.com.