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ADRs of this company. 18. The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Textron Inc. 22. UBS AG, its affiliates or subsidiaries held other significant financial interests in this company/entity as of last month's end (or the prior
ae ae Source: JETNET and UBS essmans Global Equity Research Americas Aerospace Sector Comment 10 June 2009 wew.ubs.cornfinvestrrentresearch David E. Strauss Ma st •7.212-7136181 Cristina Fernandez Ma)11 +1-212-713 3321 Darryl Genovesi Associate Analyst •1-212-713-4016 This report has been prepare
Rockwell Collins Inc. 18b. The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Textron Inc. The analyst responsible for this report has reviewed the material operations of the issuer and/or met with senior management. Unless otherwise indi
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
al Dynamics Corp. GD.N Buy N/A US$69.71 01 Feb 2012 Rockwell Collins Inc. 2.4. 7' 6.76' 66' r• tit ru COL.N Buy N/A US$59.12 01 Feb 2012 Textron Inc. 6C. 7.13. It M. 77 TXT.N Buy N/A US$25.66 01 Feb 2012 Source: UBS. NI prices as of local market close. Ratings in this table are the most curr
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
Rockwell Collins Inc. 18b. The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Textron Inc. The analyst responsible for this report has reviewed the material operations of the issuer and/or met with senior management. Unless otherwise indi
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 Textron Inc. and David E. Strauss

Textron
ORGANIZATIONDoug Band
PERSONCore Banding Exceptions
ORGANIZATION
Review
ORGANIZATIONGeneral Dynamics Corp.
ORGANIZATIONthe Valuation and Risk
ORGANIZATIONDarryl Genovesi
PERSONEuropean Investment Fund
ORGANIZATIONUBS Business Jet
ORGANIZATIONCessna
ORGANIZATIONEmbraer
ORGANIZATIONGlobal Equity Research
ORGANIZATION
UBS AG
ORGANIZATIONBombardier Inc.
ORGANIZATIONUBS Securities LLC
ORGANIZATIONUBS Business Jet Survey Score
ORGANIZATION
Europe
LOCATION
General Dynamics
ORGANIZATIONEspana SV
ORGANIZATIONBusiness Conditions
ORGANIZATION