B/E Aerospace Wins $200 Million Embraer Award
July 11 2008 - 2:11PM
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 Embraer -
Empresa Brasileira de Aeron�utica S.A. (NYSE:ERJ) has selected B/E
Aerospace as its supplier of next generation executive passenger
seating products for its new Legacy 450 and Legacy 500 aircraft.
The award is initially valued at more than $200 million. Embraer�s
new Legacy 450 and Legacy 500 aircraft are expected to enter
service in the second half of 2012 and 2013, respectively, and are
designed to provide extraordinary comfort and lower operating
costs. The new jets will be equipped with B/E Aerospace�s next
generation fully upholstered and ergonomic executive seats and
divans. �We selected B/E Aerospace based on the very innovative
features of their products. The Legacy 450 and Legacy 500 will be
revolutionary best-in-class jets, building on the Legacy brand,
delivering premium comfort, outstanding performance and low
operating costs. B/E Aerospace�s new product offering matched the
requirements of our innovative interior. We look forward to working
with B/E Aerospace to deliver an excellent and comfortable
passenger experience,� said Lu�s Carlos Affonso, Embraer Executive
Vice President, Executive Jets. "We are extremely pleased to be
named by Embraer as the supplier of executive passenger seating
products for their new Legacy 450 and Legacy 500 aircraft. Our
leading-edge technology supports our objectives of providing lower
weight seating solutions that are extremely comfortable, while
achieving excellent operating economics. In addition, we are proud
to be increasing our partnership with one of the world�s leading
aircraft manufacturers,� 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 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 a 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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