London Town Here We Come: Questions for the Farnborough Air Show: USA | Aerospace & Defense Electronics

Research evidence excerpt

London Town Here We Come: Questions for the Farnborough Air Show: USA | Aerospace & Defense Electronics

USA | Aerospace & Defense Electronics EquityJulyResearch10, 2026

Exhibit 1 - Average Price Returns 1mo BeforeLondon Town Here We Come: Questions for the

Air Shows - Aero Suppliers Typically Lead +3%

into the Event Followed by Aircraft OEMs +1%Farnborough Air Show

Versus S&P Flattish

6% 5% 5%As we gear up for the Farnborough Air Show, we highlight key questions for the Event 8% 7%

4% 3% 4% 3%

2% 2% 2% 2% 1% 1% 1% 2%

0% 0%OEs and the supply base covering 45 meetings at the Farnborough Air Show. Before1mo

0%

-1% -2%A&D is a growth sector and the air show provides ample oppty to hear the ReturnsAverage -4%

-4%

-6% 2023 2024 2025latest in aircraft and engine development, potential orders, aftermarket trends, Aircraft OE Engine OE Defense Aero Suppliers S&P SP A&D

Source: Company data, Jefferies estimates, FactSetinternational defense opportunities and the latest in defense tech and space. .

Exhibit 2 - Average Price Returns 1mo After

Over 40 Meetings Across Three Days. The Farnborough Air Show will take place from July 19 to Air Shows - Aero Suppliers Typically Lead +4%

July 22 at the Farnborough Airport. Starting on page 7 we cover questions for our meetings at FAS. Through the Event and 1mo After, Followed by

Aircraft OEMs & Defense +2% Versus S&P +2%

16%

14% 13% Airbus: 2027 A320 targets, P&W engine shortages, 2H26 deliveries 12% Event• 10% 9% 8% 8% 8% After 8%

8% Albany International: Productions ramp; defense offsets & capex. 6% 1mo 6%

6%

5%•

4% 4% 3% 3% Returns

2% 1% Anduril: Conversion timeline of program wins and path to scaled production.

0%• Average 0% 0%

-2% -1% -1% Archer Aviation: Certification path, deployment economics and production ramp. -2%