B/E Aerospace Wins Super First Class Program Awards from Three Major Middle Eastern Airlines
July 12 2011 - 2:30PM
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 three major Middle Eastern
airlines to outfit their new-buy wide-body aircraft with B/E
Aerospace next generation super first class suites. The awards are
initially valued in excess of $125 million.
B/E Aerospace will provide these three airlines with
individually and jointly developed customized private suites for
their first class international passengers. Each of the airlines
has chosen luxurious amenities, extraordinary comfort and private
personal space designed to maximize the passenger experience.
“International passenger travel to and from the Middle East has
been, and is expected to remain, among the fastest growing routes
in the world. We are honored to have been selected to partner with
these leading international airlines. These awards further solidify
our position as the market leader in the Middle East, and further
strengthen our position as the global market leader for premium
class aircraft cabin interior products,” commented Amin J. Khoury,
Chairman and Chief Executive Officer of B/E Aerospace.
The company also announced that it has achieved record second
quarter bookings of approximately $800 million which were
approximately 45 percent greater than the same quarter of the prior
year.
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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