News Release

GULFSTREAM G550 SETS CITY-PAIR SPEED RECORD BETWEEN WASHINGTON, D.C., AND SHARM EL SHEIKH, EGYPT
Ultra-long-range G550 Business Jet Sets World Record on Its Way to Air Show

SAVANNAH, Ga., Feb. 22, 2005 - A Gulfstream G550 business jet has established a new city-pair speed record between Washington, D.C., and Sharm El Sheikh, Egypt, flying 5,429 nautical miles in just 10 hours and 19 minutes.

The large-cabin, ultra-long-range G550 took off from Dulles International Airport in Washington D.C. at 5:40 p.m. Monday, Feb. 21, and flew nonstop, landing 10 hours and 19 minutes later on Tuesday, Feb. 22, at Sharm El Sheikh International Airport, located on the Egyptian coast of the Sinai Peninsula. The G550 flew at an average cruise speed of Mach 0.85.

Gulfstream production test pilot Ahmed Ragheb served as pilot-in-command and Bill Watters, Gulfstream chief pilot for G550/G450 demonstration, served as co-captain. Additional crew members included John Mackay and Neil Vernon, both Gulfstream international captains, and Linda Barr, flight attendant.

Also aboard the flight were three Gulfstream employees who will be attending Egypt's first business aviation air show, AVEX 2005. The three-day air show, which opens Feb. 23, will be held at the Sharm El Sheikh International Airport where the record-setting G550 as well as the large-cabin, mid-range G200 business jet will be on hand for static display.

"We wanted to demonstrate how the G550's reliability, cabin comfort and ultra-long- range capability coupled with our award-winning product support makes it the obvious choice for individuals and companies who travel the world regularly," said Bryan Moss, president, Gulfstream.

Gulfstream has submitted an application with the National Aeronautic Association to confirm the new city-pair record.

NOTE TO EDITORS:

I. The G550 can accommodate up to 18 passengers, fly at a maximum speed of .885 Mach and cruise at a maximum altitude of 51,000 feet. With a 100 percent fresh air system, maximum cabin altitude of 6,000 feet and 14 signature oval windows that allow for ample natural lighting, the G550 cabin maximizes passenger comfort while decreasing the effects of travel fatigue and jet lag.

Designed by pilots for pilots, the G550 features the most technologically advanced cockpit in commercial aviation. Unique in its blending of state-of-the-art technology and simplicity in its presentation of information, PlaneView has supplanted the "dials and steam gauges" technology that has dominated the business jet cockpit for the past 20 years. By incorporating the most advanced computer software, hardware and display technologies available and marrying them with the latest in infrared camera technology, the G550 PlaneView cockpit reduces pilot workload while increasing safety. With PlaneView, all flight information - navigation, aircraft systems, communication and pilot situational awareness - is just a cursor click away. The G550 also features as standard equipment the revolutionary Gulfstream Enhanced Vision System, recognized in 2004 by the Federal Aviation Administration with one of two Excellence in Aviation Research awards.

The G550 development team is the 2004 recipient of the Robert J. Collier Trophy, the nation's highest level of recognition for advancements in aviation.

II. 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 G350™; 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.

III. General Dynamics, headquartered in Falls Church, Virginia, employs approximately 70,200
people worldwide and had 2004 revenue of $19.2 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 is available on the Internet at www.generaldynamics.com