Airbus Selects B/E Aerospace Next Generation Galley Systems For A350 XWB; Program Initially Valued at Over $1 Billion
October 13 2008 - 2:00AM
Business Wire
B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer
of aircraft cabin interior products and the world�s leading
distributor of aerospace fasteners and consumables, today announced
that Airbus has selected B/E Aerospace as its supplier of next
generation galley systems for the new A350 XWB aircraft. B/E
Aerospace values the award at more than $1.0 billion. Program
deliveries for the A350 XWB will commence in 2013. The A350 XWB
will be equipped with B/E Aerospace�s innovative new galley system
designed to accommodate the aircraft's "flex zones", which allows
the airlines to select from a wide ranging catalogue of
pre-engineered galley configurations. A modular approach to the
design allows the airlines to select galley positions and
configurations for their specific operational needs, while
minimizing total aircraft system weight. The modular approach also
allows for a more automated assembly process, reducing both cost
and lead-time for Airbus and its airline customers. The new galleys
will incorporate fresh contemporary styling which supports and
enhances Airbus' innovative new interior concepts for this
aircraft. "We are extremely pleased to have been selected by Airbus
as the program supplier of galley systems for their new A350 XWB
aircraft," said Amin Khoury, Chairman and CEO of B/E Aerospace,
Inc. "This award, together with our recent oxygen award to equip
the A350 XWB with our leading-edge oxygen technology, supports our
objectives of providing flexible and lower weight solutions to
Airbus and its airline customers. These awards along with expected
future awards for various seating and other cabin interior
products, means that the A350 XWB will fly with more B/E Aerospace
content than any new aircraft platform to date." 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 world�s leading distributor of aerospace fasteners and
consumables. 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.
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