B/E Aerospace Announces Super First Class Seating Award Initially Valued at $260 Million
By Business Wire News
By Business Wire News
B/E Aerospace, Inc. (the “Company”) (Nasdaq:BEAV), the world’s leading manufacturer of aircraft cabin interior products, today announced that the Company has been selected by a major international airline to outfit its new-buy wide-body aircraft with proprietary and unprecedented high-end super first class suites which will set a totally new standard for the first class travel experience. The deliveries are expected to begin in late 2017 and are initially valued in excess of $260 million.
The next-generation super first class suites will be designed with luxurious amenities, extraordinary comfort and living space while also providing enhanced privacy for the passenger.
“We are honored to have been selected for this major super first class seating program which further solidifies our partnership with one of the world’s leading global airlines. Our super first class suites will provide the airline’s first class passengers with unprecedented comfort and functionality,” commented Amin J. Khoury, Executive Chairman of B/E Aerospace. “This award 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 (“SEC”), which include its Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The declaration and payment of future dividends, the repurchase of shares of the Company’s stock and repayment of outstanding debt are at the discretion of the Board of Directors and will depend on the Company’s future earnings, capital requirements, financial conditions, operating conditions, contractual restrictions and such other factors as the Board of Directors may deem relevant. For more information, see the section entitled “Cautionary Statement Regarding 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 and rules and regulations of the SEC, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin interior products. 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 systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems. The Company also provides cabin interior reconfiguration, program management and certification services. 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 website at www.beaerospace.com.
B/E Aerospace, Inc.
Greg Powell, 561-791-5000
Vice President Investor Relations