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such as structure, management. performance record, discount: Sell: Negative on factors such as structure, management. performance record. discount. Core Banding Exceptions (CBE): Exceptions to the standard +1-6% bands may be granted by the Investment Review Committee (IRC). Factors considered by the IRC include the sto
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
such as structure, management, performance record, discount; Sell: Negative on factors such as structure, management, performance record, discount. Core Banding Exceptions (CBE): Exceptions to the standard +/-6% bands may be granted by the Investment Review Committee (IRC). Factors considered by the IRC include the sto
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$) — Pita Tamil (US$) Stook Rb CUSS) 120- WO- 60" 40- 2r l l l l l i l grl
such as structure, management, performance record, discount; Sell: Negative on factors such as structure, management, performance record, discount. Core Banding Exceptions (CBE): Exceptions to the standard +/-6% bands may be granted by the Investment Review Committee (IRC). Factors considered by the IRC include the sto
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
such as structure, management, performance record, discount; Sell: Negative on factors such as structure, management, performance record, discount. Core Banding Exceptions (CBE): Exceptions to the standard +/-6% bands may be granted by the Investment Review Committee (IRC). Factors considered by the IRC include the sto
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$) — Sate Prim iuSS) Say 2 Neutral No Ratng Source: UBS
such as structure, management, performance record, discount; Sell: Negative on factors such as structure, management, performance record, discount. Core Banding Exceptions (CBE): Exceptions to the standard +1-6% bands may be granted by the Investment Review Committee (IRC). Factors considered by the IRC include the sto
prior month's end if this report is dated less than 10 working days after the most recent month's end). Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. General Dynamics Corp. (USS) Na Target (USS) Stack Dice (US$) 120— ice— 80- 60- 20- 0 .v0 o v a E 0 0
Entities connected to both Core Banding Exceptions and the Valuation and Risk
Doug Band
PERSON
Review
ORGANIZATIONEuropean Investment Fund
ORGANIZATIONGeneral Dynamics Corp.
ORGANIZATIONDavid E. Strauss
PERSONDarryl Genovesi
PERSON
UBS AG
ORGANIZATION
Textron
ORGANIZATIONUBS Securities LLC
ORGANIZATIONCessna
ORGANIZATIONTextron Inc.
ORGANIZATIONEmbraer
ORGANIZATIONGlobal Equity Research
ORGANIZATIONUBS Business Jet
ORGANIZATION
Europe
LOCATIONBombardier Inc.
ORGANIZATION
General Dynamics
ORGANIZATIONOBS AG
ORGANIZATIONShort-Term Ratings
ORGANIZATIONEspana SV
ORGANIZATION