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B/E Aerospace Announces $200 Million New-Buy and Retrofit Coach Class Awards

Dépèche transmise le 25 janvier 2011 par Business Wire

B/E Aerospace Announces $200 Million New-Buy and Retrofit Coach Class Awards

B/E Aerospace Announces $200 Million New-Buy and Retrofit Coach Class Awards

WELLINGTON, Fla.--(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 its main cabin seating platforms have been selected by a number of the world’s leading airlines for their narrow-body aircraft. The awards, all of which have been won over the last several months are for seating for both new-buy aircraft and retrofit seating for existing aircraft. The awards are initially valued at approximately $200 million.

“We are very pleased to have been selected by a number of the world’s leading airlines to provide our coach class seating to equip their aircraft. B/E Aerospace main cabin seating platforms offer exceptional living space while providing value with low cost of ownership, weight savings, and exceptional reliability”

These coach class seating awards were driven primarily by the B/E Aerospace new patented Pinnacle™ main cabin seating platform, the industry’s lightest full-featured seat. Since its launch in late 2009, the Pinnacle™ seating platform has captured awards to equip more than 1,000 new or existing aircraft. These awards, initially valued in excess of $400 million, are for both narrow-body and wide-body aircraft. A number of the new-buy awards that were announced today, resulted in the airlines contemporaneously awarding new coach class seating orders for their existing aircraft.

"We are very pleased to have been selected by a number of the world’s leading airlines to provide our coach class seating to equip their aircraft. B/E Aerospace main cabin seating platforms offer exceptional living space while providing value with low cost of ownership, weight savings, and exceptional reliability,” commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace. “Importantly, as evidenced by these awards, airlines’ new-buy aircraft decisions are driving contemporaneous decisions to retrofit the coach class cabins of their existing aircraft fleets. We expect this trend to continue as the airframe manufacturers continue to increase their delivery rates for both narrow and wide-body aircraft over the next several years.”

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.

Business Wire

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