BEAV B/E Aerospace, Inc.

B/E Aerospace, Inc. (NASDAQ:BEAV), the world's leading manufacturer of aircraft cabin interior products and a leading aftermarket distributor of aerospace fasteners, in response to specific inquiries that the company has received, today commented on the impact of delivery schedule changes for Airbus A380 aircraft. B/E expects A380 delivery delays to negatively impact its revenue and earnings in 2006, particularly its new Super First Class product offering. Notwithstanding the impact on this product line, above-plan performance in several of the company's other product lines is offsetting underperformance of the Super First Class product line. Accordingly, the company confirmed its recently raised 2006 earnings guidance of $1.19 per diluted share (before debt prepayment costs of approximately $0.16 per diluted share). Commenting on the company's outlook, Mr. Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. said, "The size and quality of our backlog and our expanding margins underpin our expectations for a near tripling of pretax earnings for the full year 2006. We are, therefore, reaffirming our earnings guidance of $1.19 per diluted share for 2006, exclusive of the after-tax impact of debt prepayment costs of approximately $0.16 per diluted share." "Our record backlog, a protracted new aircraft delivery cycle particularly with respect to wide-body aircraft and our expectations for continued margin expansion provide us with excellent visibility into 2007 and beyond and further bolster our confidence in the outlook for the next several years. Consequently, we expect earnings per share to grow at a strong double-digit annual rate in 2007, 2008 and 2009, driven by strong revenue growth and continued margin expansion. As stated earlier, the company plans to provide more specific 2007-2009 financial guidance in late October consistent with its long-term planning cycle," concluded Mr. Khoury. 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 intend to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances. 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 aircraft cabin 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 and supports its products through its own global direct sales and product support organization. For more information, visit B/E's website at http://www.beaerospace.com.