Epstein Secrets

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

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

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

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

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

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

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

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

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

stabilizing, albeit at record witubs cccruinvestmentresearch high levels both in absolute terms and at IS% of the installed base. While still 55% David E. Strauss above prior year levels, available business jet inventories were roughly unchanged Aratyst sequentially in May including a 1% decline in young ava