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 The Boeing Company 23 Fokker Technologies 27 Thales SA 28 Macroeconomic Indicators 32 Country data 32 Methodology 34 Industry associations 35 Related MarketLine research 35 Appendix 36 About MarketLine 36

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

Airbus Group SE (formerly Airbus Group NV) The Boeing Company Fokker Technologies Thales SA