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B/E Aerospace Wins $150 Million Initial Launch Orders from Bombardier, Dassault and Embraer for B/E Aerospace’s New Aircraft Waste Water System

Dépèche transmise le 30 avril 2009 par Business Wire

B/E Aerospace Wins $150 Million Initial Launch Orders from Bombardier, Dassault and Embraer for B/E Aerospace’s New Aircraft Waste Water System

WELLINGTON, Fla.--(BUSINESS WIRE)--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 its technologically advanced vacuum waste systems have been selected by a number of major business jet manufacturers for next generation aircraft platforms. These programs are initially valued in excess of $150 million, with volume production commencing in 2011.

B/E Aerospace’s vacuum waste management systems were selected for the following new aircraft platforms, including: Bombardier Learjet 85, Dassault Falcon 7X, and Embraer Legacy 450 and Legacy 500.

The B/E Aerospace vacuum waste system incorporates a proprietary design which eliminates the primary failure cause in other vacuum waste systems. In addition, B/E Aerospace’s systems include advanced proprietary components and systems that significantly lower the overall cost of ownership, simplify maintenance and improve lavatory hygiene, all of which enhance the overall passenger experience. The cost of ownership savings is a direct result of weight savings and reliability improvements achieved by combining B/E Aerospace’s proprietary composite components into optimized integrated systems. The B/E Aerospace systems are configurable so these savings can be realized on both new aircraft and existing in-service aircraft. The design modularity provides for simplified, extremely fast maintenance, ease of removal that reduces service time by up to 60 percent and a reduction of airframe corrosion issues.

B/E Aerospace also announced that its vacuum waste management system has won the prestigious Crystal Cabin Award. The annual Crystal Cabin Award is sponsored by Aircraft Interiors International Magazine and the Aircraft Interiors Expo and recognizes excellence in aircraft interior products. This unique honor for outstanding cabin products and concepts is highly esteemed within the aircraft cabin interior industry. B/E Aerospace was presented the award at the Aircraft Interiors Expo in Hamburg, Germany, the world’s largest exhibition exclusively dedicated to airline cabin interior design and engineering.

"We are very pleased to have had our technologically advanced vacuum waste system validated by such premier business jet customers including, Bombardier Learjet, Dassault and Embraer. In addition, we are privileged to have been recognized by our industry for the celebrated Crystal Cabin Award. This award further validates the technological reliability and cost advantages of our vacuum waste management systems. The significantly improved reliability and lower cost of ownership of the B/E Aerospace systems were important factors in our launch customers’ decisions to award these programs to us. As we expand our supplier furnished equipment (SFE) business, we look forward to broadening our OEM direct partnerships with these and other aircraft manufacturers, and to introducing our new systems to our commercial aircraft OEM customers," commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. “These awards are part of our strategic “OEM direct”, or SFE, focus to substantially increase our revenue content on new aircraft platforms. The value of the OEM direct awards which we have won currently totals over $2.3 billion, only a very small portion of which is included in the company’s current backlog. Our backlog of $2.8 billion along with the unbooked SFE awards is in excess of $5 billion. As we deliver our backlog, our installed base of $7.3 billion is expected to grow very substantially. This increase in our installed base should eventually drive a significant increase in the size of our spares business.”

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 Aerospace’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 related to the expected benefits from the HCS acquisition, changes in market and industry conditions and those discussed in B/E Aerospace’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 B/E Aerospace’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, we do not intend 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 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 systems, food and beverage preparation / storage equipment, and water and vacuum waste systems. 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 Aerospace sells and supports its products through its own global direct sales and product support organization.