Table of Contents Executive Summary 2 Market value 2 Market value forecast 2 Category segmentation 2 Geography segmentation 2 Market rivalry 2 Market Overview 7 Market definition 7 Market analysis 7 Market Data 9 Market value 9 Market Segmentation 10 Category segmentation 10 Geography segmentation 11 Market Outlook 12 Market value forecast 12 Five Forces Analysis 13 Summary 13 Buyer power 14 Supplier power 15 New entrants 16 Threat of substitutes 17 Degree of rivalry 18 Leading Companies 19 Airbus Group SE (formerly Airbus Group NV) 19 BAE Systems plc 23 The Boeing Company 27 Denel SOC Ltd 31 Macroeconomic Indicators 35 Country data 35 Methodology 37 Industry associations 38 Related MarketLine research 38 Appendix 39 About MarketLine 39

List of Tables Table 1: South Africa aerospace & defense sector value: $ million, 2012-16 Table 2: South Africa aerospace & defense sector category segmentation: $ million, 2016 Table 3: South Africa aerospace & defense sector geography segmentation: $ million, 2016 Table 4: South Africa aerospace & defense sector value forecast: $ million, 2016-21 Table 5: Airbus Group SE (formerly Airbus Group NV): key facts Table 6: Airbus Group SE (formerly Airbus Group NV): key financials ($) Table 7: Airbus Group SE (formerly Airbus Group NV): key financials (€) Table 8: Airbus Group SE (formerly Airbus Group NV): key financial ratios Table 9: BAE Systems plc: key facts Table 10: BAE Systems plc: key financials ($) Table 11: BAE Systems plc: key financials (£) Table 12: BAE Systems plc: key financial ratios Table 13: The Boeing Company: key facts Table 14: The Boeing Company: key financials ($) Table 15: The Boeing Company: key financial ratios Table 16: Denel SOC Ltd: key facts Table 17: Denel SOC Ltd: key financials ($) Table 18: Denel SOC Ltd: key financials (ZAR) Table 19: Denel SOC Ltd: key financial ratios Table 20: South Africa size of population (million), 2012-16 Table 21: South Africa gdp (constant 2005 prices, $ billion), 2012-16 Table 22: South Africa gdp (current prices, $ billion), 2012-16 Table 23: South Africa inflation, 2012-16 Table 24: South Africa consumer price index (absolute), 2012-16 Table 25: South Africa exchange rate, 2012-16 List of Figures Figure 1: South Africa aerospace & defense sector value: $ million, 2012-16 Figure 2: South Africa aerospace & defense sector category segmentation: % share, by value, 2016 Figure 3: South Africa aerospace & defense sector geography segmentation: % share, by value, 2016 Figure 4: South Africa aerospace & defense sector value forecast: $ million, 2016-21 Figure 5: Forces driving competition in the aerospace & defense sector in South Africa, 2016 Figure 6: Drivers of buyer power in the aerospace & defense sector in South Africa, 2016 Figure 7: Drivers of supplier power in the aerospace & defense sector in South Africa, 2016 Figure 8: Factors influencing the likelihood of new entrants in the aerospace & defense sector in South Africa, 2016 Figure 9: Factors influencing the threat of substitutes in the aerospace & defense sector in South Africa, 2016 Figure 10: Drivers of degree of rivalry in the aerospace & defense sector in South Africa, 2016 Figure 11: Airbus Group SE (formerly Airbus Group NV): revenues & profitability Figure 12: Airbus Group SE (formerly Airbus Group NV): assets & liabilities Figure 13: BAE Systems plc: revenues & profitability Figure 14: BAE Systems plc: assets & liabilities Figure 15: The Boeing Company: revenues & profitability Figure 16: The Boeing Company: assets & liabilities Figure 17: Denel SOC Ltd: revenues & profitability Figure 18: Denel SOC Ltd: assets & liabilities

Airbus Group SE (formerly Airbus Group NV) BAE Systems plc The Boeing Company Denel SOC Ltd