General Dynamics Board Increases Dividend 20.7 Percent

FALLS CHURCH, Va. – The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of 35 cents per share on the company’s common stock, payable May 9, 2008, to shareholders of record on April 11. The dividend represents a 20.7 percent increase from the previous quarterly dividend of 29 cents per share.

Nicholas D. Chabraja, General Dynamics chairman and chief executive officer, said, “This is the eleventh consecutive annual increase in the company’s regular quarterly dividend, representing what we believe to be continued judicious deployment of our shareholders’ capital.”

General Dynamics, headquartered in Falls Church, Va., employs approximately 83,500 people worldwide and reported 2007 revenue of $27.2 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at www.generaldynamics.com.