Award Initially Valued at More Than $140 Million
(Wellington, Fla., July 23, 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 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.