B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer of
aircraft cabin interior products and the leading aftermarket distributor
of aerospace fasteners, today announced that Embraer - Empresa
Brasileira de Aeronáutica S.A. (NYSE:ERJ) has
selected B/E Aerospace as its supplier of next generation executive
passenger seating products for its new Legacy 450 and Legacy 500
aircraft. The award is initially valued at more than $200 million.
Embraer’s new Legacy 450 and Legacy 500
aircraft are expected to enter service in the second half of 2012 and
2013, respectively, and are designed to provide extraordinary comfort
and lower operating costs. The new jets will be equipped with B/E
Aerospace’s next generation fully upholstered
and ergonomic executive seats and divans.
“We selected B/E Aerospace based on the very
innovative features of their products. The Legacy 450 and Legacy 500
will be revolutionary best-in-class jets, building on the Legacy brand,
delivering premium comfort, outstanding performance and low operating
costs. B/E Aerospace’s new product offering
matched the requirements of our innovative interior. We look forward to
working with B/E Aerospace to deliver an excellent and comfortable
passenger experience,” said Luís
Carlos Affonso, Embraer Executive Vice President, Executive Jets.
"We are extremely pleased to be named by Embraer as the supplier of
executive passenger seating products for their new Legacy 450 and Legacy
500 aircraft. Our leading-edge technology supports our objectives of
providing lower weight seating solutions that are extremely comfortable,
while achieving excellent operating economics. In addition, we are proud
to be increasing our partnership with one of the world’s
leading aircraft manufacturers,” 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
include, but are not limited to, B/E Aerospace’s
financial guidance and industry expectations for the next several years.
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 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 a leading aftermarket distributor of
aerospace fasteners. 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 at www.beaerospace.com.
B/E Aerospace, Inc., Wellington
Greg Powell, Vice President,
Investor Relations
561-791-5000 Ext. 1450
