B/E Aerospace Wins Contract to Supply Cabin Lighting for Next Generation Boeing 737 Program
April 29 2009 - 9:15AM
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 The Boeing Company has selected B/E Aerospace as its
manufacturer of cabin lighting for the next generation Boeing 737
aircraft program. This innovative B/E Aerospace supplier furnished
equipment (SFE) system will become standard equipment on all next
generation Boeing 737 aircraft, and is part of B/E Aerospace�s $2.3
billion unbooked SFE backlog. Program deliveries are expected to
commence in late 2010, with volume deliveries commencing in
2011.
B/E Aerospace�s digital light-emitting-diode (LED) lighting
system will play a critical role in the new Boeing �Sky Interior�
for the 737. This innovative, lightweight LED system features
adjustable lighting with full spectrum color capabilities,
providing superior cabin ambiance and unprecedented lighting
control. Studies have provided conclusive evidence that cabin
illumination enhances passenger comfort.
"We are honored to have been selected by Boeing as the supplier
partner of next generation lighting for the new 737 �Sky Interior�.
We look forward to continuing our long-standing and excellent
relationship with Boeing as we both develop ways to enhance
aircraft performance and passenger comfort," commented Amin J.
Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc.
�This award is part of our strategic �OEM direct�, or SFE, focus to
substantially increase our revenue content per aircraft. The value
of the OEM direct awards which the company has won currently totals
over $2.3 billion, only a very small portion of which is included
in the company�s backlog. Our current backlog of $2.8 billion,
along with unbooked SFE awards, is in excess of $5 billion. As we
deliver products from our total $5 billion plus backlog (booked and
unbooked) we expect to substantially add to our current $7.3
billion installed base, which in turn should facilitate growth in
our spares business over time.�
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. For more information, visit the B/E Aerospace, Inc.
website www.beaerospace.com.
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