WELLINGTON, Fla.--(BUSINESS WIRE)--Dec. 10, 2012--
B/E Aerospace, Inc. (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 awarded four major aircraft cabin interior programs.
The first of these is a lie-flat business class seating program to
outfit a major international airline’s new-buy Boeing 787 fleet. In
addition, B/E Aerospace will provide retrofit LED lighting for this same
airline’s Boeing 737, 767 and 777 aircraft.
The second is a full cabin interior retrofit program to outfit a major
global airline’s long haul aircraft with lie-flat business class
seating, Pinnacle® main cabin seating, and LED lighting.
The third award includes a business class seating program, a Pinnacle®
main cabin seating program and a comprehensive food and beverage
preparation and storage equipment program to outfit new-buy wide-body
aircraft for a major Chinese airline.
Finally, B/E Aerospace has won a Pinnacle® main cabin seating program
and a comprehensive food and beverage preparation and storage equipment
program to outfit a Russian airline’s new-buy 737 and A320 aircraft.
These awards are initially valued at approximately $250 million.
“Today’s multiple awards announcement highlights our continued focus on
being the most innovative aircraft cabin interior supplier in the
industry and further solidifies our position as the market leader for
aircraft cabin interiors. These awards underscore our leadership in LED
lighting systems, premium class seating and Pinnacle® main cabin seating
as well as food and beverage preparation and storage equipment,”
commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E
”The lighting retrofit awards are significant as we continue to expand
all-LED lighting throughout the cabin into the existing worldwide fleet
of aircraft and follows our recently announced Boeing 777 retrofit
lighting award which was recently announced in conjunction with program
awards of approximately $400 million. Today’s lighting awards include
our first all-LED retrofit awards for the Boeing 737, 757 and 767 as
well as additional Boeing 777 aircraft.”
“Our premium class seating awards solidify our market leadership
position as the leading supplier of full-flat premium class seating
designed for exceptional passenger comfort, enhanced living space and
luxurious amenities. The Pinnacle® awards further highlight the success
of our Pinnacle® main cabin seating. The Pinnacle® seating platform has
now captured awards to equip more than 1,800 new or existing aircraft.
These awards are valued at approximately $1 billion and are for both
narrow-body and wide-body aircraft,” concluded Mr. Khoury.
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. 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 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 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 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.
Source: B/E Aerospace Inc.
Greg Powell, 561-791-5000