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end-user demand, availability 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 businesse
is our preferred play on business jets. Global Equity Research Americas Aerospace Sector Comment 24 March 2010 ww* ute cony nvestmentresearch David E. Strauss Ana/5i davId.Straungisba Oten •1-212.7136185 Cristina Fernandez Anaysl cnsbnalemandez@Lissoom •1.212.713 3321 Darryl Genovesi Asscoate Analy
nt on end-user demand, 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
Chart 2: Overall Business Conditions Score 100 ; 50 200 iu 1 11./IrnMr - nanglkIna tn :44 0 UBS Business Jet Market Index —' Rel Pte (RHS) 10 David E. Strauss Analyst Pane strausstguts can .1-212-713 6185 Darryl Genovesi Analyst Offs., genovesigute corn .1-212-713 4016 Ryan Thackston Associate Anal
end-user demand, availability 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 businesse
L is our preferred play on business jets. Global Equity Research Americas Aerospace Sector Comment 24 March 2010 ww*.ubs comonvestmentreseatch David E. Strauss Anato daed strainsktubs Qom .1-212.7136185 Cristina Fernandez Anaysl cnsmalemancleziNosoom •1.212.713 3321 Darryl Genovesi Asscoate Anatol
Entities connected to both General Dynamics and David E. Strauss
Doug Band
PERSONDarryl Genovesi
PERSONCore Banding Exceptions
ORGANIZATIONEuropean Investment Fund
ORGANIZATIONthe Valuation and Risk
ORGANIZATION
Review
ORGANIZATIONGeneral Dynamics Corp.
ORGANIZATION
Textron
ORGANIZATIONBombardier Inc.
ORGANIZATIONTextron Inc.
ORGANIZATIONEmbraer
ORGANIZATIONGlobal Equity Research
ORGANIZATIONUBS Business Jet
ORGANIZATIONUBS Laded
ORGANIZATIONLarge Cabin
PERSON
UBS AG
ORGANIZATIONCessna
ORGANIZATION
Europe
LOCATIONBusiness Conditions
ORGANIZATIONUBS Business Jel Survey
ORGANIZATION