News Release

GULFSTREAM SIGNIFICANTLY REDUCES PRICES ON SPARE PARTS FOR BUSINESS-JET OWNERS AND OPERATORS
Gulfstream Adjusts Prices to Attract New Customers and Retain Established Ones

SAVANNAH, Ga., June 11, 2004 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has reduced prices by up to 48 percent on more than 6,000 consumable spare parts in its ongoing effort to provide competitively priced parts for owners and operators of Gulfstream business-jet aircraft.

“Over the past few months, we’ve been cutting our prices on many of our most popular consumable parts, some by nearly half, and as a result, we’ve received overwhelmingly positive response from our customers,” said Larry Flynn, president, product support, Gulfstream.

In May and June, Gulfstream sent letters to all of its aircraft owners and operators, announcing that it had reduced prices on various spare parts, including ‘wear & tear,’ hardware and a select group of popular interior, airframe and major component spare parts.

The reduced-priced parts are available to Gulfstream aircraft owners, operators and management companies as supplies last. The price reductions apply to over-the-counter transactions as well as service center visits to all Gulfstream and General Dynamics Aviation Services locations. Along with competitively priced parts, Gulfstream includes a one-year or 1,000-hour warranty, whichever comes first, on every part it sells.

For more information or to order parts, domestic Gulfstream aircraft operators can call 1-800-810-GULF (4853) or 1-866-271-GDAS (4327). International operators can call +1 912-965-4178. Available 24 hours a day, 365 days a year, Gulfstream’s experienced spare-parts sales representatives ensure parts are shipped in the most expeditious manner, usually from a company-operated inventory location nearest the customer. Certain restrictions may apply.

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 more than 1,400 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, mid-range Gulfstream G350™; the large-cabin, long-range Gulfstream G400™; 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 6,750 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, Virginia, employs approximately 68,400 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at www.generaldynamics.com.