B/E Aerospace Selected by Two Major International Airlines for Programs Initially Valued at Approximately $250 Million
February 28 2007 - 3:15PM
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 it has been
selected by two major international airlines for interior upgrade
and new aircraft programs valued at approximately $250 million. The
programs include retrofitting existing fleets of wide-body aircraft
and outfitting new wide-body aircraft with B/E�s cabin interior
products, including next generation premium class seating products
and a full range of food and beverage preparation and storage
equipment. Initial deliveries are expected to commence early 2009.
�The programs announced today are particularly gratifying because
they enhance the long list of leading airlines which have selected
B/E Aerospace to outfit their cabin interiors. Program awards such
as these bolster our outlook for continued strong revenue growth
and margin expansion,� said Amin J. Khoury, Chairman and Chief
Executive Officer of B/E Aerospace, Inc. 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 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 www.beaerospace.com.
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