Airbus and Three Major Business Jet Manufacturers Select B/E Aerospace Oxygen Systems in Programs Initially Valued at Approximat
September 12 2005 - 2:00AM
Business Wire
B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer
of aircraft cabin interior products and a leading aftermarket
distributor of aerospace fasteners, today announced that Airbus has
selected B/E as the exclusive manufacturer of its integrated
passenger and crew oxygen system for the new Airbus Military A400M
aircraft. The oxygen system includes crew and passenger oxygen
storage, distribution and dispensing, as well as portable oxygen
for medical and emergency use. B/E will deliver a fully qualified
and certified system using its extensive engineering, certification
and manufacturing expertise. There are currently 188 A400M aircraft
on order from eight nations. Oxygen system deliveries are expected
to begin in 2007. "The Airbus A400M requires a flexible oxygen
system with rapid changeability capabilities to meet its unique
military mission requirements," stated Ralf Schoenzler, Airbus
Senior Vice President, Procurement. "B/E's leading-edge oxygen
technology, coupled with its in-house capability to integrate and
certify the complete oxygen system, made it the right choice for
the program." "This program further expands our oxygen technology
into military platforms," stated Robert J. Khoury, B/E President
and Chief Executive Officer. "Our investment in product development
over the past several years continues to yield market success. We
are pleased to support Airbus on this important military platform."
Separately, B/E Aerospace announced that it has been selected by
three major business jet manufacturers to supply its integrated
oxygen system for three Very Light Jet (VLJ) airframes. Deliveries
are expected to begin in late 2006. The VLJ and A400M programs are
initially valued at approximately $45 million. "B/E is the leading
manufacturer of cabin interior equipment for business jets," added
Mr. Khoury. "We're excited to extend our complete oxygen systems
platform to this emerging high-growth aircraft segment." This news
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements
involve risks and uncertainties. B/E's actual experience may differ
materially from that anticipated in such statements. Factors that
might cause such a difference include those discussed in B/E's
filings with the Securities and Exchange Commission, including but
not limited to its most recent proxy statement, Form 10-K and Form
10-Q. For more information, see the section entitled
"Forward-Looking Statements" contained in B/E's Form 10-K and in
other filings. The forward-looking statements included in this news
release are made only as of the date of this news release and,
except as required by federal securities laws, we do not have any
obligation to publicly update or revise any forward-looking
statements to reflect subsequent events or circumstances. About
Airbus and A400M Headquartered in Toulouse, France, Airbus is
jointly owned by EADS (80%) and BAE Systems (20%). Airbus has sold
more than 5,300 aircraft, has some 250 customers/operators and has
delivered more than 3,800 aircraft since it first entered service
in 1974. Airbus is responsible for the development of the A400M, a
military transport aircraft, produced by Airbus Military. Airbus is
the major shareholder in Airbus Military. The other shareholders
are EADS-CASA, FLABEL of Belgium and Turkish Aerospace Industries.
The A400M is a natural expansion of the Airbus aircraft family into
the military sector. Specifically designed to meet the needs of
European NATO nations, this all-new military transport provides a
versatile and cost-effective solution to the world's military
airlift requirements in humanitarian or peace-keeping operations.
About B/E Aerospace, Inc. B/E Aerospace, Inc. is the world's
leading manufacturer of aircraft cabin interior products, and a
leading aftermarket distributor of aerospace fasteners. B/E
designs, develops and manufactures a broad range of products for
both commercial aircraft and business jets. B/E manufactured
products include seating, lighting, oxygen and food and beverage
preparation and storage equipment. The Company also provides cabin
interior design, reconfiguration and passenger-to-freighter
conversion services. Products for the existing aircraft fleet --
the aftermarket -- generate about 60 percent of sales. B/E sells
its products through its own global direct sales organization. For
more information, visit B/E's website at
http://www.beaerospace.com.
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