B/E Aerospace Wins $150 Million Initial Launch Orders from Bombardier, Dassault & Embraer for B/E Aerospace’s New Aircraft ...
April 30 2009 - 10:53AM
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 its technologically advanced vacuum waste systems
have been selected by a number of major business jet manufacturers
for next generation aircraft platforms. These programs are
initially valued in excess of $150 million, with volume production
commencing in 2011.
B/E Aerospace�s vacuum waste management systems were selected
for the following new aircraft platforms, including: Bombardier
Learjet 85, Dassault Falcon 7X, and Embraer Legacy 450 and Legacy
500.
The B/E Aerospace vacuum waste system incorporates a proprietary
design which eliminates the primary failure cause in other vacuum
waste systems. In addition, B/E Aerospace�s systems include
advanced proprietary components and systems that significantly
lower the overall cost of ownership, simplify maintenance and
improve lavatory hygiene, all of which enhance the overall
passenger experience. The cost of ownership savings is a direct
result of weight savings and reliability improvements achieved by
combining B/E Aerospace�s proprietary composite components into
optimized integrated systems. The B/E Aerospace systems are
configurable so these savings can be realized on both new aircraft
and existing in-service aircraft. The design modularity provides
for simplified, extremely fast maintenance, ease of removal that
reduces service time by up to 60 percent and a reduction of
airframe corrosion issues.
B/E Aerospace also announced that its vacuum waste management
system has won the prestigious Crystal Cabin Award. The annual
Crystal Cabin Award is sponsored by Aircraft Interiors
International Magazine and the Aircraft Interiors Expo and
recognizes excellence in aircraft interior products. This unique
honor for outstanding cabin products and concepts is highly
esteemed within the aircraft cabin interior industry. B/E Aerospace
was presented the award at the Aircraft Interiors Expo in Hamburg,
Germany, the world�s largest exhibition exclusively dedicated to
airline cabin interior design and engineering.
"We are very pleased to have had our technologically advanced
vacuum waste system validated by such premier business jet
customers including, Bombardier Learjet, Dassault and Embraer. In
addition, we are privileged to have been recognized by our industry
for the celebrated Crystal Cabin Award. This award further
validates the technological reliability and cost advantages of our
vacuum waste management systems. The significantly improved
reliability and lower cost of ownership of the B/E Aerospace
systems were important factors in our launch customers� decisions
to award these programs to us. As we expand our supplier furnished
equipment (SFE) business, we look forward to broadening our OEM
direct partnerships with these and other aircraft manufacturers,
and to introducing our new systems to our commercial aircraft OEM
customers," commented Amin J. Khoury, Chairman and Chief Executive
Officer of B/E Aerospace, Inc. �These awards are part of our
strategic �OEM direct�, or SFE, focus to substantially increase our
revenue content on new aircraft platforms. The value of the OEM
direct awards which we have won currently totals over $2.3 billion,
only a very small portion of which is included in the company�s
current backlog. Our backlog of $2.8 billion along with the
unbooked SFE awards is in excess of $5 billion. As we deliver our
backlog, our installed base of $7.3 billion is expected to grow
very substantially. This increase in our installed base should
eventually drive a significant increase in the size of our spares
business.�
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 systems, food and beverage preparation / storage equipment,
and water and vacuum waste systems. 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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