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B/E Aerospace Wins Contract to Supply Cabin Lighting for Next Generation Boeing 737 Program

Dépèche transmise le 29 avril 2009 par Business Wire

B/E Aerospace Wins Contract to Supply Cabin Lighting for Next Generation Boeing 737 Program

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 The Boeing Company has selected B/E Aerospace as its manufacturer of cabin lighting for the next generation Boeing 737 aircraft program. This innovative B/E Aerospace supplier furnished equipment (SFE) system will become standard equipment on all next generation Boeing 737 aircraft, and is part of B/E Aerospace’s $2.3 billion unbooked SFE backlog. Program deliveries are expected to commence in late 2010, with volume deliveries commencing in 2011.

B/E Aerospace’s digital light-emitting-diode (LED) lighting system will play a critical role in the new Boeing “Sky Interior” for the 737. This innovative, lightweight LED system features adjustable lighting with full spectrum color capabilities, providing superior cabin ambiance and unprecedented lighting control. Studies have provided conclusive evidence that cabin illumination enhances passenger comfort.

"We are honored to have been selected by Boeing as the supplier partner of next generation lighting for the new 737 “Sky Interior”. We look forward to continuing our long-standing and excellent relationship with Boeing as we both develop ways to enhance aircraft performance and passenger comfort," commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. “This award is part of our strategic “OEM direct”, or SFE, focus to substantially increase our revenue content per aircraft. The value of the OEM direct awards which the company has won currently totals over $2.3 billion, only a very small portion of which is included in the company’s backlog. Our current backlog of $2.8 billion, along with unbooked SFE awards, is in excess of $5 billion. As we deliver products from our total $5 billion plus backlog (booked and unbooked) we expect to substantially add to our current $7.3 billion installed base, which in turn should facilitate growth in our spares business over time.”

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, 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 Aerospace sells and supports its products through its own global direct sales and product support organization. For more information, visit the B/E Aerospace, Inc. website www.beaerospace.com.