EFTA02443877.pdf

"UBS Business Jet Survey 24 March 2010"

"This report has been prepared by UBS Securities LLC ... David E. Strauss"

"This report has been prepared by UBS Securities LLC ... Cristina Fernandez"

"This report has been prepared by UBS Securities LLC ... Darryl Genovesi"

"This report has been prepared by UBS Securities LLC ... Tasneem Azim"

"This report has been prepared by UBS Securities LLC"

"UBS Business Jet Survey 24 March 2010"

"Among the suppliers, Buy-rated COL is our preferred play on business jets... low-mid end (Embraer)"

"Chart 3: GD and TXT Forward P/E Multiples"

"TXT PE nib* Mune current period reflects our 2010 estimate"

"The majority of our participants are located in North America (75%)"

"This report has been prepared by UBS Securities LLC, an affiliate of UBS AG"

"This report has been prepared by UBS Securities LLC"

"Our estimates, ratings and price targets for both General Dynamics and Textron are subject to additional risks"

"Our estimates, ratings and price targets for both General Dynamics and Textron are subject to additional risks"

"this material is communicated by UBS Limited a subsidiary of UBS AG to persons who are eligible"

"UBS Securities LLC or by UBS Financial Services Inc subsidiaries of UBS AG"

"UBS Securities LLC or by UBS Financial Services Inc subsidiaries of UBS AG"

"UBS Limited is authorised and regulated by the Financial Services Authority (FSA)"

"UBS Securities LLC: David E. Strauss; Cristina Fernandez: Darryl Genovesi."

"UBS Securities LLC: David E. Strauss; Cristina Fernandez: Darryl Genovesi."

"UBS Securities LLC: David E. Strauss; Cristina Fernandez: Darryl Genovesi."

"This revolt has been Lawmen by UBS Savn. U.C. en treadle of 08$ AG"

"This revolt has been Lawmen by UBS Savn. U.C. en treadle of 08$ AG UBS AG. its mitentines honchos and rebates era reanYbd to toned"

"General Dynamics Corp. (USS)"

"UBS Business Jet Survey 24 March 2010"

"62% indicated they were seeing the strongest interest in large cabin aircraft"

"15% indicating midsize"

"23% indicating small cabin"

"International (Non-US) markets are holding a good level of interest and sales, reflecting an improved economy in some regions, Brazil for example."