Asian Market Opportunities Building for Long-Range, Large-Cabin Gulfstream Aircraft.

Business Editors, High-Tech Writers

ASIAN AEROSPACE, Singapore--(BUSINESS WIRE)--Feb. 22, 2000

Gulfstream Aerospace Displays New Gulfstream V Demonstrator at

Asian Aerospace 2000

Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics (NYSE: GD), is expecting a strong market in Asia for its long-range, large-cabin Gulfstream IV-SP and ultra-long range Gulfstream V.

"As key Asian countries begin to show positive economic trends we are very encouraged about our prospects," said Joe Walker, Gulfstream's senior vice president of sales and marketing. "Gulfstream aircraft currently enjoy a nearly 60 percent share of the large-cabin, long-range business jet market in Asia and we expect our dominant position to continue to grow. In fact, our 400th GIV and 100th GV coming off the production line are both for Asian customers."

"The characteristics of the Gulfstream V make it the perfect product to match the requirements of Asian customers," said Walker. "The aircraft is proving its worth in the hands of operators all over the world. A total of 73 ultra-long range Gulfstream V aircraft are already in operational service - far outdistancing the competition. We are very proud of the Gulfstream V's exceptional level of performance, safety, reliability and especially range, which our competition simply cannot match. The GV has flown non-stop from Singapore to London, Tokyo, Hawaii, Sydney, Johannesburg and, in one-stop, it can fly to any city in the Americas. The Gulfstream V is the ideal choice for Asia."

An important precursor for the growth of business aviation in Asia is the improvement in airport and airspace access.

"The slow, but steady improvement we are seeing in airport access for business aircraft is an important trend in Asia," said Bryan Moss, vice chairman of Gulfstream. "Additional landing slots have been granted in Japan for business aircraft and the opening of two new airports -- Chek Lap Kok in Hong Kong and Sultan Abdul Aziz in Kuala Lumpur -- are positive developments for the growth of business aviation in the region. At Chek Lap Kok especially, the Chinese are aggressively pursuing business aviation."

"While there has been significant improvement, airport and airspace policies remain a barrier to trade and commerce in Asia. The technology advancements in Gulfstream aircraft, in particular, with their quieter and lower emission engines and the failure of airlines to consistently meet the needs of frequent business travelers, provide persuasive reasons to grant additional access for business aircraft operations," said Moss.

Gulfstream is highlighting its presence at the Asian Aerospace show by bringing its new Gulfstream V demonstrator aircraft to Singapore. A Gulfstream IV-SP also will be on display. With the ultra-long range Gulfstream V in its third year of customer service, Gulfstream Vs are routinely flying business leaders non-stop from Europe, the Middle East and North America to destinations throughout Asia.

"The Asian market is perfectly suited for the range, comfort and reliability of the Gulfstream V and Gulfstream IV-SP," said Walker. "We're particularly proud to have our new Gulfstream V demonstrator aircraft on display this week at Asian Aerospace 2000."

The Gulfstream V demonstrator has been on an extensive worldwide tour prior to the show. Tour destinations included stops in Europe, the Middle East, and several destinations in Asia. Following the show, the aircraft will visit Japan and Europe again before returning to the U.S.

The Gulfstream V on display at Asian Aerospace is equipped in a popular configuration for many international customers. It features a forward crew lavatory, a private aft lavatory and a forward galley for maximum passenger privacy. The cabin seats 13 passengers and accommodates a crew of four - two pilots, a relief pilot and a flight attendant. The seating includes five single luxury chairs in the forward cabin, two additional chairs in the aft cabin and fore and aft divans rated to carry passengers for takeoffs and landings. Entertainment features include digital videodisc and laser disc players, two VCRs, two digital compact cassette players, five external video cameras and a mix of two 21-inch monitors and seven 10.4-inch personal monitors.

"With satellite communications, head-up display and the most advanced avionics suite available, the Gulfstream V is equipped to meet the needs of the most discerning customer," said Walker. "We invite you to visit the aircraft and see for yourself."

The Gulfstream V is the world's most technologically advanced intercontinental business jet aircraft. Capable of flying 6,500 nautical miles at speeds up to Mach .885 with eight passengers and a crew of four, the Gulfstream V cruises at altitudes up to 51,000 feet, routinely outperforming the nearest competition.

Gulfstream's other aircraft, the Gulfstream IV-SP, is the world's best-selling, most reliable, large-cabin business aircraft. The Gulfstream IV-SP travels 4,220 nautical miles non-stop at speeds up to Mach 0.88 and can cruise at altitudes up to 45,000 feet, well above commercial traffic. Since the aircraft was brought to market in 1985, Gulfstream IVs and Gulfstream IV-SPs have completed over 1.1 million flight hours and 583,000 landings. The Gulfstream IV-SP offers an impressive dispatch reliability of 99.7 percent.

Gulfstream Aerospace Corporation, headquartered in Savannah, Ga., is the leading designer, developer, manufacturer and marketer of the world's most technologically advanced intercontinental business jet aircraft. The company has produced approximately 1,150 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 IV-SP(R), the ultra-long range Gulfstream V(R), Gulfstream Shares(R), Gulfstream Financial Services, Gulfstream LeaseSM, Gulfstream Pre-Owned Aircraft Sales(TM), Gulfstream Charter Services(R), Gulfstream Management ServicesSM and Gulfstream ServiceCare(R). The company employs more than 8,200 people at eight locations. We invite you to visit our website at www.gulfstream.com for photos of Gulfstream aircraft and related information.

General Dynamics, which is headquartered in Falls Church, Va., has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The corporation employs approximately 43,000 people worldwide and has annualized sales of approximately $10 billion. More information about the company can be found at www.generaldynamics.com.