B/E Aerospace Selected for International Airline First Class Program Awards Initially Valued at More Than $200 Million; B/E Aero
March 04 2008 - 9:20AM
Business Wire
B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer
of aircraft cabin interior products and the leading aftermarket
distributor of aerospace fasteners, today announced that it has
been selected by unnamed leading global airlines to retrofit their
existing international wide-body fleets and to outfit their new
wide-body aircraft with Super First Class suites. The awards are
initially valued at more than $200 million. The Super First Class
private suites will provide first class international passengers
with luxurious amenities, comfort and personal space including a
fully flat bed, enhanced interactive in-flight entertainment,
dining for two and in one of the programs, B/E Aerospace�s next
generation LED lighting system throughout the first class cabin
that will provide a more elegant cabin environment, reducing travel
fatigue and stress. "We are honored to have been selected by these
leading international airlines for their Super First Class suite
programs. These awards reinforce our market position as the leading
provider of premium class aircraft cabin interior products and
further strengthens our position as the leading provider of Super
First Class suites,� said Amin J. Khoury, Chairman and Chief
Executive Officer of B/E Aerospace, Inc. Mr. Khoury continued,
�Current robust market conditions, including the awards we
announced today, together with record RFQ activity strengthens our
expectation for continued backlog growth during 2008. Our high in
quality and growing backlog provides additional support for our
expectation for continued superior earnings performance over the
next three years.� 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 include, but are not limited to,
B/E Aerospace�s financial guidance and industry expectations for
the next several years. Such forward-looking statements involve
risks and uncertainties. B/E Aerospace�s actual experience and
results may differ materially from the experience and results
anticipated in such statements. Factors that might cause such a
difference include changes in market and industry conditions and
those discussed in B/E Aerospace�s filings with the Securities and
Exchange Commission, which include its Proxy Statement, Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. For more information, see the section entitled
�Forward-Looking Statements� contained in B/E Aerospace�s Annual
Report on 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 the leading aftermarket distributor of aerospace fasteners. B/E
Aerospace designs, develops and manufactures a broad range of
products for both commercial aircraft and business jets. B/E
Aerospace 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 Aerospace sells and
supports its products through its own global direct sales and
product support organization. For more information, visit the B/E
Aerospace, Inc. website at www.beaerospace.com.
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