B/E Aerospace Advanced LED Cabin Lighting System Delivered on First 737 Boeing Sky Interior
October 27 2010 - 3:00PM
Business Wire
B/E Aerospace (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
the first aircraft delivery of a Next-Generation 737 with the new
737 Boeing Sky Interior, which features the B/E Aerospace advanced
LED cabin interior lighting system. This innovative B/E Aerospace
supplier furnished equipment (SFE) system is standard equipment on
all Next-Generation 737s delivering with the new interior.
The B/E Aerospace lighting system is the most technologically
advanced aircraft interior lighting system available today, and
plays a critical role in the new 737 Boeing Sky Interior. This
innovative all-LED system reduces overall aircraft weight and power
consumption. It features adjustable lighting with full spectrum
color capability, providing superior cabin ambiance and
unprecedented breadth of lighting color and control. Studies have
provided conclusive evidence that cabin illumination significantly
enhances passenger comfort.
"We are very pleased that the first 737 Boeing Sky Interior has
been delivered. We look forward to continuing our long-standing and
mutually beneficial relationship with Boeing," commented Amin J.
Khoury, Chairman and Chief Executive Officer of B/E Aerospace.
“This award is part of our strategic “OEM direct”, or SFE, focus to
substantially increase our revenue content per aircraft. The value
of the SFE awards which the company has won currently totals in
excess of $2.65 billion, only a very small portion of which is
included in the company’s current booked backlog. Our current
record backlog of approximately $2.85 billion, along with unbooked
SFE awards, totals approximately $5.5 billion and provides us with
excellent visibility with respect to future revenue growth.”
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 completion of
pending acquisitions, and the expected benefits from any pending,
future or completed acquisitions, 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
B/E Aerospace 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 approximately 50 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 website at
www.beaerospace.com.
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