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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