B/E Aerospace Wins International Airline Program Awards Initially Valued at Approximately $215 Million
March 25 2008 - 2:43PM
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 in programs to
outfit existing and on order aircraft. The awards are initially
valued at approximately $215 million. "We are honored to have been
selected by these leading international airlines for their cabin
interior needs. These awards reinforce our market position as the
premier provider of cabin interior products to the world�s leading
airlines," 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 have announced
today, together with record RFQ activity, strengthen our
expectation for continued backlog growth during 2008. Our high in
quality and growing backlog provides additional support for our
expectation of continued margin expansion and superior earnings
performance over the next three years. We expect approximately
1,200 wide-body aircraft to be delivered over the four-year 2008 �
2011 period, representing a 20% compound annual growth rate in
wide-body aircraft deliveries.� 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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