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st •7.212-7136181 Cristina Fernandez Ma)11 +1-212-713 3321 Darryl Genovesi Associate Analyst •1-212-713-4016 This report has been prepared by UBS Securities LLC ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAGE 10. UBS does and seeks to do business with companies covered in its research reports.
ays after the most recent month's end). Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. General Dynamics Corp. (US$) Prce Target (US$) — SIOCk Ptt. (MI 120- 140- SO- E0- 40- 20- 0 1 1 I I I I I I I I I I I I I I I I I S s 7 V / 2 4 /
Survey al-44 3 10 - 0 (43 I 'it In (4.' 4 '2' 31 3 c% 3 g34Egk4 3 AL 2 Source UBS Business Jet Survey I-44 This report has been prepared by UBS Securities LLC ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAGE 17. UBS does and seeks to do business with companies covered in its research reports.
yl Genovesi. UBS Securities Canada Inc: Tasneem Azim. Company Disclosures Company Name Reuters 12-mo rating Short-term rating Price Price date General Dynamics Corp. GD.N Buy N/A USS76.94 23 Mar 2010 Rockwell Collins Inc.'* 4 5' a a a L IL 16.15s COL.N Buy N/A USS62.85 23 Mar 2010 Textron Inez s. a
GD(TXT Scums UBS Business Jet Survey 8144 1 t?; • z Z ct• 9 9 a cn Source UBS Business Jet Survey AI-14 This report has been prepared by UBS Securities LLC ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAGE 17. UBS does and seeks to do business with companies covered in its research reports.
yl Genovesi. UBS Securities Canada Inc: Tasneem Azim. Company Disclosures Company Name Reuters 12-mo rating Short-term rating Price Price date General Dynamics Corp. GD.N Buy N/A USS76.94 23 Mar 2010 Rockwell Collins Inc.'* a• 5' a a a 7' IL Ia. iiis COL.N Buy N/A USS62.85 23 Mar 2010 Textron Me- l
4411414 0-10 Years 10. Yeats —%ot Fleet Avadatie to( Sale % of Installed Base Source. JETNET and UBS °striates Thls report has been prepared by UBS Securities LLC ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAGE 10. IJBS does and seeks to do business with companies covered in its research reports.
liates and, consequently, revenues arisen from transactions held by Banco UBS Pactual S.A. and/or its affiliates. Company Disclosures Company Name General Dynamics Corp." Textron Inc.'''' s• Ba• ore."•7*". Reuters 12-mo rating Short-term rating Price Price date GD.N Neutral N/A US$59.25 09 Jun 2009 TXT.N Ne
Entities connected to both UBS Securities LLC and General Dynamics Corp.

UBS AG
ORGANIZATIONthe Valuation and Risk
ORGANIZATION
Review
ORGANIZATIONDarryl Genovesi
PERSONDavid E. Strauss
PERSONDoug Band
PERSONEuropean Investment Fund
ORGANIZATIONCore Banding Exceptions
ORGANIZATION
Textron
ORGANIZATIONCessna
ORGANIZATIONGlobal Equity Research
ORGANIZATIONUBS Business Jet
ORGANIZATIONTextron Inc.
ORGANIZATIONEmbraer
ORGANIZATIONOBS AG
ORGANIZATIONUBS Limited
ORGANIZATION
New Zealand
LOCATIONEspana SV
ORGANIZATIONBusiness Conditions
ORGANIZATIONUBS Business Jel Survey
ORGANIZATION