News Release

GULFSTREAM BEGINS PRODUCTION ON 100TH G550 BUSINESS JET
100th Ultra-Long-Range Business Jet Begins Manufacture Two Years After the First G550 Entered Service

SAVANNAH, Ga., Oct. 17, 2005 – Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has started production of the 100 th G550 business-jet aircraft, at its manufacturing facility in Savannah, Ga., just over two years after the first G550 entered service.

"The G550 has exceeded our expectations in terms of customer acceptance," said Bryan Moss, president, Gulfstream. "The jet’s design, performance, reliability, safety record and outstanding cabin comfort have allowed it to stand out from the competition. It is by far the most popular business jet in its class."

The G550 is the successor to the GV, which entered service in December 1996 and was the first ultra-long-range business jet to market. Some 193 GVs were manufactured before the production line transitioned to the new G550 two years ago.

The 100 th large-cabin, ultra-long-range G550 is scheduled to receive its Certificate of Airworthiness from the Federal Aviation Administration in February 2006, thereby completing its initial phase of manufacture. During the next four months it will be painted and outfitted in preparation for the scheduled delivery in June 2006 to its owner, NetJets International a subsidiary of NetJets Inc., a Berkshire-Hathaway company and world leader in private aviation options.

The National Aeronautic Association selected the G550 development team as the 2003 recipient of the Robert J. Collier Trophy for its work on the G550 business jet.

Today, there are 66 aircraft that comprise the in-service G550 fleet, which collectively have flown more than 28,000 flight hours and completed some 11,000 takeoffs and landings. To date, the G550 has set more than 17 city-pair speed records, including a 14.5-hour, 7,301-nautical-mile nonstop flight from Seoul , South Korea , to Orlando , Fla.

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 1,500 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 7,200 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 70,800 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 can be found at www.generaldynamics.com.