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MANAGEMENT’S REPORTONINTERNALCONTROLOVER FINANCIALREPORTING
TotheShareholdersofGeneral DynamicsCorporation:
ThemanagementofGeneral DynamicsCorporationisresponsibleforestablishing and maintaining adequate internal controlover financial reporting and
forits assessmento
ftheeffectiveness ofinternal controlover financial reporting asdefinedinRules 13a-15(f)and 15d-15(f)undertheExchangeAct.
Our internal controlsystemwasdesignedto providereasonableassurancetoour managementand board ofdirectorsregarding thepreparation and
fair presentationofpublished financial statements.
Because ofits inherentlimitations, internal controlover financial reporting may not preventordetectmisstatements. Also, projectionsofanyevaluation
ofeffectiveness to futureperiodsaresubjecttotheriskthatcontrolsmay becomeinadequate because of changes in conditions, orthatthedegree of
compliancewiththepolicies orprocedures may deteriorate.
Our managementevaluatedtheeffectiveness ofour internal controlover financial reporting asofDecember31,2010. In making thisevaluation,we
usedthecriteria set forthbytheCommittee ofSponsoring OrganizationsoftheTreadway Commission(COSO) in Internal Control–IntegratedFramework.
Basedonour evaluationwe believethat, asofDecember31,2010, our internal controlover financial reporting iseffectivebasedonthose criteria.
KPMG LLP hasissuedanauditreportontheeffectiveness ofour internal controlover financial reporting.TheKPMGreportimmediately follows thisreport.
Jay L.JohnsonL.Hugh Redd
Chairman and ChiefExecutiveOfficerSenior VicePresidentand Chief Financial Officer
General Dynamics Annual Report • 201067