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to stabilize. Of the five major manufacturers, Bombardier had the highest percentage of its respective fleet available for sale at 19%, followed by Cessna at 18%, and Dassault, Gulfstream and Hawker Beechcraft all at 16%. Chart 5: Business Jets Available for Sale and as a Percentage of the Installed B
prior month's end if this report is dated less than 10 working days 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
ation in our bizjet survey. with particular strength at the high end. Our Neutral rating on TXT reflects concerns over the shape of the recovery at Cessna, given significant oversupply, fractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL is our
le for this report has reviewed the material operations of the issuer and/or met with senior management. Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. General Dynamics Corp. (USE) Abe Target CUSS) — Stock erce CUSS) I / g I 4 4 4 0 ' • 4 '1 4 4 4
ation in our bizjet survey, with particular strength at the high end. Our Neutral rating on TXT reflects concerns over the shape of the recovery at Cessna, given significant oversupply, fractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL is our
le for this report has reviewed the material operations of the issuer and/or met with senior management. Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. General Dynamics Corp. (USS) — Pee Tergel (US$) — Sate Prim iuSS) Say 2 Neutral No Ratng Source: UBS
to stabilize. Of the five major manufacturers. Bombardier had the highest percentage of its respective fleet available for sale at 19%, followed by Cessna at 18%, and Dassault, Gulfstream and Hawker Beechcraft all at 16%. Chart 5: Business Jets Available for Sale and as a Percentage of the Installed B
prior month's end if this report is dated less than 10 working days after the most recent month's end). Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. General Dynamics Corp. (USS) Na Target (USS) Stack Dice (US$) 120— ice— 80- 60- 20- 0 .v0 o v a E 0 0
Entities connected to both Cessna and the Valuation and Risk
Doug Band
PERSONHawker
ORGANIZATION
Falcon
ORGANIZATIONDarryl Genovesi
PERSONGeneral Dynamics Corp.
ORGANIZATIONDavid E. Strauss
PERSON
Review
ORGANIZATIONEuropean Investment Fund
ORGANIZATIONCore Banding Exceptions
ORGANIZATIONTextron Inc.
ORGANIZATIONUBS Securities LLC
ORGANIZATIONUBS Business Jet
ORGANIZATIONEmbraer
ORGANIZATION
Textron
ORGANIZATION
UBS AG
ORGANIZATIONGlobal Equity Research
ORGANIZATIONDassault
ORGANIZATIONUBS Limited
ORGANIZATIONBombardier Inc.
ORGANIZATIONUBS Business Jel Survey
ORGANIZATION