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13, 2003 through September 8, 2006 the percentage band criteria used in the rating system was 10%. 1185
M Oftl °CO N 2Z2Z2Z2Z2Z2Z2Z2Z2Z2Z2Z2Z2Z2 0-10 Years 10+ Years —% of Fleet Available for Sale 8 3 .0 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
13, 2003 through September 8, 2006 the percentage band criteria used in the rating system was 10%. Addi
e positive risk-rewards with the stocks that we think still incorporate little for business jets at current levels including Buy-rated COLJGD/TXT. Global Equity Research Americas Aerospace Sector Comment 2 February 2012 waves ccrruinvestmentresearch Chart 1: UBS Business Jet Market Index Chart 2: Overall Busine
13, 2003 through September 8, 2006 the percentage band criteria used in the rating system was 10%. Addi
ractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL 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
13, 2003 through September 8, 2006 the percentage band criteria used in the rating system was 10%. Addi
ractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL 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 C
Entities connected to both Doug Band and Global Equity Research

UBS AG
ORGANIZATIONCessna
ORGANIZATIONOBS AG
ORGANIZATIONURS AG
ORGANIZATION
Review
ORGANIZATION
Textron
ORGANIZATION
Europe
LOCATIONTextron Inc.
ORGANIZATIONEuropean Investment Fund
ORGANIZATIONCore Banding Exceptions
ORGANIZATIONGeneral Dynamics Corp.
ORGANIZATIONthe Valuation and Risk
ORGANIZATIONDavid E. Strauss
PERSONDarryl Genovesi
PERSON
General Dynamics
ORGANIZATIONEmbraer
ORGANIZATIONUBS Business Jet
ORGANIZATIONUBS Securities LLC
ORGANIZATIONHawker
ORGANIZATIONBombardier Inc.
ORGANIZATION