B/E Aerospace Wins International Airline Program Awards(Wellington, Fla., March 25, 2008) -- 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 unnamed leading global airlines in programs to outfit existing and on order aircraft. The awards are initially valued at approximately $215 million.
"We are honored to have been selected by these leading international airlines for their cabin interior needs. These awards reinforce our market position as the premier provider of cabin interior products to the world's leading airlines," said Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc.
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Mr. Khoury continued, "Current robust market conditions, including the awards we have announced today, together with record RFQ activity, strengthen our expectation for continued backlog growth during 2008. Our high in quality and growing backlog provides additional support for our expectation of continued margin expansion and superior earnings performance over the next three years. We expect approximately 1,200 wide-body aircraft to be delivered over the four-year 2008 - 2011 period, representing a 20% compound annual growth rate in wide-body aircraft deliveries."
Source : B/E Aerospace Inc.