1. © Copyright 2003 Frost & Sullivan. All Rights Reserved. North American Commercial and Military Aircraft and Engine Maintenance, Repair, and Overhaul Markets The Industry Has to Address the Shortage of Qualified and Trained Maintenance Technicians Aerospace and Defense Group “Factors such as legislative actions, military reform initiatives, size and complexity of the air fleet, as well as the technical capability of private MRO providers affect competition in the military MRO segment.”

2. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Industry Trends Number of long-term contracts are increasing for engine repair Advanced technologies are gaining acceptance Maintenance alliances are increasing Industrial incentives provide the government long-term value Increasing competition in the labor market limits employment and retention of trained technical personnel

3. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Key Features Frost & Sullivan Provides: Detailed insights into recent developments and trends Opportunities, challenges, and strategic recommendations Analyst insights on ‘hot topics’ and emerging opportunities in the maintenance, repair, and overhaul (MRO) markets Market sizing and in-depth end-user analysis in the world signal sources markets Market forecasts and analysis

4. © Copyright 2003 Frost & Sullivan. All Rights Reserved. What We Offer Coverage: North America Proven methodology encompassing extensive primary and secondary data and research Focused information and strategies that cover business and technology issues Credible data and analysis highlighting industry dynamics Winning strategies to help you create precise business plans

5. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Who Will Benefit? Current Market Participants Find out how you compare to the competition Assess current and future drivers and restraints Determine and exploit market share opportunities New Entrants Analyze challenges associated with the industry Calculate forecasts for end-user growth potential Position yourself to capitalize on the market’s unmet needs Investment Community Analyze long-term strategies of MRO companies Determine which participants will outperform the competition Assess attractiveness of investing in the commercial and military MRO markets

6. © Copyright 2003 Frost & Sullivan. All Rights Reserved. What’s Included Segment-wise analysis of the MRO market for: Commercial Military

7. © Copyright 2003 Frost & Sullivan. All Rights Reserved. AAR Corp. Aero Union Corp. AeroThrust Corp. Air Canada Air Creebec, Inc. AirKaman Cecil, Inc. American Airlines America West Airlines Amerijet International, Inc. AirNova, Inc. Associated Air Centre Avborne Heavy Maintenance, Inc. Aviation Management Systems, Inc. Key Market Participants AVTel Services, Inc. Bell Helicopter Boeing Cascade Aerospace Clay Lacy Aviation Commodore Aviation, Inc. Continental Airlines Dallas Airmotive Delta Airlines Eagle One Evergreen Air Center, Inc. FedEx Corp. Field Aviation, Inc.

8. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Key Market Participants (Cont’d) First Air GE Aircraft Engines Goodrich Corp. Hamilton Aviation Honeywell Innotech-Execaire Aviation Group Kelowna Flightcraft L-3 Spar Aerospace Ltd. Lockheed Martin Corp. M&M Aircraft Services MTU Maintenance Canada Northwest Airlines PEMCO Aviation Group, Inc. Pratt & Whitney Premier Turbines Raytheon Co. Reliance Aerotech, Inc. Rolls-Royce plc Singapore Technologies Engineering Skyservice Southwest Airlines Stambaugh Air Service Standard Aero Timco United Services UPS Corp. US Airways

9. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Call toll free: 877 GO FROST (877.463.7876) Fax toll free: 888.690.3329 E-mail: myfrost@frost.com Visit: www.frost.com For More Information