News Release

GULFSTREAM V SETS TWO CITY-PAIR SPEED RECORDS
Ultra-Long-Range GV Completes World-Record Flights Between North America and Asia

SAVANNAH, Ga., Jan. 8, 2003 - Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), announced today that the large-cabin, ultra-long-range Gulfstream V (GV) business jet aircraft set two city-pair world speed records Nov. 6 and 7 between North American and Asia.

Piloting the GV was Capt. Sean Sheldon and pilots Ahmed Ragheb and John Mullican served as copilots.

The National Aeronautic Association recognized both world-record flights for Speed Over a Recognized Course between the following cities:

• Nashville, Tenn., to Tokyo - 13 hours, 41 minutes at 778.69 kmh (483.85 mph)
• Tokyo to Los Angeles - 8 hours, 27 minutes at 1,036.19 kmh (643.86 mph)

The Swiss-based Federation Aeronautique Internationale (FAI) has officially acknowledged both GV records as world records.

The GV Nashville-to-Tokyo flight established a "best in all categories," meaning its record is the best among all aircraft within 21 weight-class categories (the GV falls within the C-1.L weight category).
On the Nashville-to-Tokyo leg, the aircraft flew against 100 miles-per-hour headwinds. At still air distance, the aircraft would easily have covered more than 6,200 nautical miles, proving once again that the performance of the Gulfstream V business jet aircraft is second to none in its class.

The 4,866-nautical-mile Tokyo-to-Los Angeles flight was flown on a near-perfect day in just under 8 ½ hours.

Sheldon participated in another GV record-breaking flight between Tokyo and Washington D.C. earlier this year, breaking a 44-year-old record previously held by a U.S. Air Force KC-135 Stratotanker.

The holder of more than 80 world records, the GV seats up to 19 passengers and offers one of the longest ranges in its class - up to 6,500 nautical miles. At speeds of up to .885 Mach and a cruising altitude of up to 51,000 feet, the GV became The World Standard™ upon its entry into service in 1997. The same year the aircraft won the prestigious Collier Trophy. The GV fleet includes 168 aircraft, which have logged more than 197,000 flight hours and more than 92,000 takeoffs and landings.

NOTE TO EDITOR

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 1,300 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, long-range Gulfstream G400®; 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 7,800 people at eight 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 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.