B/E Aerospace Selected by Major Global Airline for Premium Class Award Initially Valued at More Than $140 Million
July 23 2008 - 12:00PM
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 a major global airline to outfit their new-buy
wide-body aircraft with premium class seating. The award is
initially valued at more than $140 million. "The outlook for new
wide-body aircraft is strong with 1,100 deliveries expected from
2008 through 2011. This award reinforces our leading position in
this important growth segment of the market,� 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 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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