B/E Aerospace Wins Chinese Programs Valued at $200 Million
February 01 2011 - 11:00AM
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
that it has been selected by a number of China’s leading airlines,
including Air China, China Southern Airlines, and Hainan Airlines,
to equip their commercial airliner fleets with both B/E Aerospace
seating products and B/E Aerospace food and beverage preparation
and storage equipment. The awards are initially valued at
approximately $200 million.
"As evidenced by today’s announcement, we have continued to
successfully pursue our ambitious objectives in the Chinese
aircraft interior equipment market having garnered a majority of
all orders over the past several years. These awards have allowed
us to further expand our leading aircraft interior products market
share position in the Chinese market, the world's fastest growing
commercial aircraft market,” commented Amin J. Khoury, Chairman and
Chief Executive Officer of B/E Aerospace.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such forward-looking statements involve risks and uncertainties.
The Company’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 discussed
in the Company’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 the Company’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, the Company does 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, 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 approximately
50 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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