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B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading
manufacturer of aircraft cabin interior products and a leading
aftermarket distributor of aerospace fasteners, today announced it has
been selected by two major international airlines for interior upgrade
and new aircraft programs valued at approximately $250 million.
The programs include retrofitting existing fleets of wide-body
aircraft and outfitting new wide-body aircraft with B/E's cabin
interior products, including next generation premium class seating
products and a full range of food and beverage preparation and storage
equipment. Initial deliveries are expected to commence early 2009.
"The programs announced today are particularly gratifying because
they enhance the long list of leading airlines which have selected B/E
Aerospace to outfit their cabin interiors. Program awards such as
these bolster our outlook for continued strong revenue growth and
margin expansion," said Amin J. Khoury, Chairman and Chief Executive
Officer of B/E Aerospace, Inc.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Such forward-looking
statements involve risks and uncertainties. B/E's actual experience
may differ materially from that anticipated in such statements.
Factors that might cause such a difference include those discussed in
B/E's filings with the Securities and Exchange Commission, including
but not limited to its most recent proxy statement, Form 10-K and Form
10-Q. For more information, see the section entitled "Forward-Looking
Statements" contained in B/E's 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, we do not have any obligation to publicly update or
revise any forward-looking statements to reflect subsequent events or
circumstances.
About B/E Aerospace, Inc.
B/E Aerospace, Inc. is the world's leading manufacturer of
aircraft cabin interior products, and a leading aftermarket
distributor of aerospace fasteners. B/E designs, develops and
manufactures a broad range of products for both commercial aircraft
and business jets. B/E 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
about 60 percent of sales. B/E sells and supports its products through
its own global direct sales and product support organization.
For more information, visit B/E's website at www.beaerospace.com.
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