June 7, 2006
P.O. Box 2074	Contact: Rob Doolittle
Warren, MI 48090-2074	Tel: 703 876 3199
www.gdls.com	Fax: 703 876 3555
	rdoolittle@generaldynamics.com

FALLS CHURCH, Va. - The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of 23 cents per share on the company's common stock, payable August 11, 2006, to shareholders of record July 7, 2006, and authorized management to repurchase on the open market up to 10 million shares of the company's issued and outstanding common stock. Repurchases under the program, which could represent up to 2.5 percent of the company's 403.7 million outstanding shares, may be made at management's discretion.

The company has repurchased approximately 16 million shares since January 2003, nearly exhausting its previous repurchase authority. (Figures have been adjusted to reflect a two-for-one stock split that occurred March 24, 2006.)

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 72,700 people worldwide and had 2005 revenue of $21.2 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 can be found online at www.generaldynamics.com.