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, revenues arisen from transactions held by Banco UBS Pactual SA. and/or its affiliates. Company Disclosures Company Name General Dynamics Corp..I Textron Inc.2• 4• 5•"•"" 4" It "' Reuters 12-mo rating Short-term rating Mice Price date GD.N Neutral N/A US$59.25 09Jun 2009 TXT.N Neutral N/A
ree months) performance of the stock and do not reflect any change in the fundamental view or investment case. EXCEPTIONS AND SPECIAL CASES UK and European Investment Fund ratings and definitions are: Buy: Positive on factors such as structure, management, performance record. discount; Neutral: Neutral on factors such
ilability of customer financing, program execution and inventory management. Our estimates, ratings and price targets for both General Dynamics and Textron are subject to additional risks including poor program execution and government funding related to their defense and security businesses. Additiona
ange in the fundamental view or investment case. Equity Price Targets have an investment horizon of 12 months. EXCEPTIONS AND SPECIAL CASES UK and European Investment Fund ratings and definitions are: Buy: Positive on factors such as structure, management, performance record, discount; Neutral: Neutral on factors such
and, availability of customer financing, program execution and inventory management. Our estimates, ratings and price targets for General Dynamics, Textron and Rockwell Collins arc subject to additional risks including poor program execution and government funding related to their defense and security
ange in the fundamental view or investment case. Equity Price Targets have an investment horizon of 12 months. EXCEPTIONS AND SPECIAL CASES UK and European Investment Fund ratings and definitions are: Buy: Positive on factors such as structure, management, performance record, discount; Neutral: Neutral on factors such
ilability of customer financing, program execution and inventory management. Our estimates, ratings and price targets for both General Dynamics and Textron are subject to additional risks including poor program execution and government funding related to their defense and security businesses. Additiona
ange in the fundamental view or investment case. Equity Price Targets have an investment horizon of 12 months. EXCEPTIONS AND SPECIAL CASES UK and European Investment Fund ratings and definitions are: Buy: Positive on factors such as structure, management, performance record, discount; Neutral: Neutral on factors such
Entities connected to both Textron and European Investment Fund
Doug Band
PERSONTextron Inc.
ORGANIZATIONGeneral Dynamics Corp.
ORGANIZATIONDarryl Genovesi
PERSONCore Banding Exceptions
ORGANIZATION
Review
ORGANIZATIONDavid E. Strauss
PERSONthe Valuation and Risk
ORGANIZATIONGlobal Equity Research
ORGANIZATIONUBS Business Jet
ORGANIZATIONEmbraer
ORGANIZATIONCessna
ORGANIZATION
General Dynamics
ORGANIZATION
UBS AG
ORGANIZATIONBombardier Inc.
ORGANIZATIONUBS Securities LLC
ORGANIZATIONHawker
ORGANIZATION
Europe
LOCATIONEspana SV
ORGANIZATIONBusiness Conditions
ORGANIZATION