BEAV B/E Aerospace, Inc.

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 completed the previously announced acquisition of Honeywell�s Consumables Solutions distribution business (HCS). �The integration of Honeywell�s distribution business with ours is expected to be an important driver of margin expansion and earnings growth for B/E Aerospace over the next three years. The combined businesses are expected to generate more than 50 percent of B/E Aerospace�s operating earnings beginning in 2009, and to steadily increase the distribution segment�s percentage contribution to B/E Aerospace�s operating earnings in 2010 and 2011. It is unusual for a transaction of this nature to benefit both the buyer and seller of a business in such a significant way. We look forward to partnering with Honeywell Aerospace as we supply its production facilities and sell its aerospace consumables to the global aerospace industry,� commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace. The purchase price for the HCS acquisition consisted of $901.4 million of cash consideration, plus six million shares of the company�s common stock. In connection with the HCS acquisition, the company entered into a new $875.0 million senior secured credit facility, consisting of a $525.0 million six-year term loan facility, and a $350.0 million five-year revolving credit facility. 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 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 those related to the expected benefits from the HCS acquisition, 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.