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 it has been selected by a
major global airline to outfit their new-buy wide-body aircraft with
premium class seating. The award is initially valued at more than $140
million.
"The outlook for new wide-body aircraft is strong with 1,100 deliveries
expected from 2008 through 2011. This award reinforces our leading
position in this important growth segment of the market,”
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 the 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
