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B/E Aerospace Wins Lufthansa Program; Initially Valued in Excess of $100 Million

Dépèche transmise le 15 avril 2011 par Business Wire

B/E Aerospace Wins Lufthansa Program; Initially Valued in Excess of $100 Million

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 the Company has been selected by Deutsche Lufthansa AG (“Lufthansa”) to outfit its new-buy A330 aircraft and to retrofit its current fleet of A330 and A340 aircraft with B/E Aerospace next generation business class seating. The awards are primarily for the retrofit of Lufthansa’s existing A330 and A340 aircraft and are initially valued in excess of $100 million.

“We are honored to have been selected by Lufthansa for this award which further solidifies our partnership with one of the world’s largest and leading global airlines. Our patented business class seats will provide Lufthansa’s premium class passengers with outstanding comfort and functionality”

B/E Aerospace will provide Lufthansa with jointly developed and customized business class seats designed to maximize passenger comfort and living space.

"We are honored to have been selected by Lufthansa for this award which further solidifies our partnership with one of the world’s largest and leading global airlines. Our patented business class seats will provide Lufthansa’s premium class passengers with outstanding comfort and functionality,” commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace. “This award, combined with our previously announced $100 million award with Lufthansa to outfit its new wide-body B747-8 aircraft and to retrofit certain of its existing wide-body aircraft with B/E Aerospace Super First Class suites, further strengthens our position as the leading provider of premium class aircraft cabin interior products.”

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.