B/E Aerospace Wins Lufthansa Program; Initially Valued in Excess of $100 Million
April 15 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 the Company has been selected by Deutsche Lufthansa AG
(“Lufthansa”) to outfit its new-buy A330 aircraft and to retrofit
its current fleet of A330 and A340 aircraft with B/E Aerospace next
generation business class seating. The awards are primarily for the
retrofit of Lufthansa’s existing A330 and A340 aircraft and are
initially valued in excess of $100 million.
B/E Aerospace will provide Lufthansa with jointly developed and
customized business class seats designed to maximize passenger
comfort and living space.
"We are honored to have been selected by Lufthansa for this
award which further solidifies our partnership with one of the
world’s largest and leading global airlines. Our patented business
class seats will provide Lufthansa’s premium class passengers with
outstanding comfort and functionality,” commented Amin J. Khoury,
Chairman and Chief Executive Officer of B/E Aerospace. “This award,
combined with our previously announced $100 million award with
Lufthansa to outfit its new wide-body B747-8 aircraft and to
retrofit certain of its existing wide-body aircraft with B/E
Aerospace Super First Class suites, further strengthens our
position as the leading provider of premium class aircraft cabin
interior products.”
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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