WELLINGTON, Fla.--(BUSINESS WIRE)--Oct. 29, 2015--
B/E Aerospace, Inc. (the “Company”) (Nasdaq:BEAV), the world's leading
manufacturer of aircraft cabin interior products, today announced that
the Company has been selected by a major international airline to outfit
its new-buy wide-body aircraft with proprietary and unprecedented
high-end super first class suites which will set a totally new standard
for the first class travel experience. The deliveries are expected to
begin in late 2017 and are initially valued in excess of $260 million.
The next-generation super first class suites will be designed with
luxurious amenities, extraordinary comfort and living space while also
providing enhanced privacy for the passenger.
“We are honored to have been selected for this major super first class
seating program which further solidifies our partnership with one of the
world's leading global airlines. Our super first class suites will
provide the airline's first class passengers with unprecedented comfort
and functionality," commented Amin J. Khoury, Executive Chairman of B/E
Aerospace. "This award 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 (“SEC”), which
include its Proxy Statement, Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The declaration
and payment of future dividends, the repurchase of shares of the
Company’s stock and repayment of outstanding debt are at the discretion
of the Board of Directors and will depend on the Company’s future
earnings, capital requirements, financial conditions, operating
conditions, contractual restrictions and such other factors as the Board
of Directors may deem relevant. For more information, see the section
entitled “Cautionary Statement Regarding 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 and rules and regulations of the
SEC, the Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin
interior products. 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 systems, oxygen systems, food and beverage preparation and
storage equipment, galley systems, and modular lavatory systems. The
Company also provides cabin interior reconfiguration, program management
and certification services. 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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Source: B/E Aerospace, Inc.
B/E Aerospace, Inc.
Greg Powell, 561-791-5000