Aerospace, Defense and Government Services Mergers and Acquisitions Report

First Quarter 2016

2.5%

4.0%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 Mar 2016

Defense and Government Services

Aerospace

Short Interest

(US Aerospace, Defense and Gov. Services)

Last 52 Week Median Short Interest

Short Interest as of March 31, 2016

Source: Public Filings; Capital IQ as of 03/31/16

Defense and Government Services

4.0%

0.9%

1.4%

1.2%

1.3%

3.1%

2.6%

3.3%

1.6%

1.4%

3.1%

2.1%

24.7%

13.0%

0.0%

2.3%

1.9%

2.1%

4.7%

3.0%

2.5%

2.7%

4.0%

Aerospace

1.7%

6.8%

4.0%

4.2%

1.6%

8.6%

2.9%

8.0%

3.2%

2.8%

7.2%

2.0%

4.9%

9.9%

3.0%

5.8%

2.9%

10.6%

7.6%

1.6%

2.1%

4.5%