Airbus and Three Major Business Jet Manufacturers Select B/E Aerospace Oxygen Systems in Programs Initially Valued at Approximately $45 Million(WELLINGTON, Fla. - September 12, 2005) -- B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer of aircraft cabin interior products and a leading aftermarket distributor of aerospace fasteners, today announced that Airbus has selected B/E as the exclusive manufacturer of its integrated passenger and crew oxygen system for the new Airbus Military A400M aircraft.
The oxygen system includes crew and passenger oxygen storage, distribution and dispensing, as well as portable oxygen for medical and emergency use. B/E will deliver a fully qualified and certified system using its extensive engineering, certification and manufacturing expertise. There are currently 188 A400M aircraft on order from eight nations. Oxygen system deliveries are expected to begin in 2007.
The Global Military IT, Data and Computing Market 2014-2024
"The Airbus A400M requires a flexible oxygen system with rapid changeability capabilities to meet its unique military mission requirements," stated Ralf Schoenzler, Airbus Senior Vice President, Procurement. "B/E's leading-edge oxygen technology, coupled with its in-house capability to integrate and certify the complete oxygen system, made it the right choice for the program."
"This program further expands our oxygen technology into military platforms," stated Robert J. Khoury, B/E President and Chief Executive Officer. "Our investment in product development over the past several years continues to yield market success. We are pleased to support Airbus on this important military platform."
Separately, B/E Aerospace announced that it has been selected by three major business jet manufacturers to supply its integrated oxygen system for three Very Light Jet (VLJ) airframes. Deliveries are expected to begin in late 2006.
The VLJ and A400M programs are initially valued at approximately $45 million.
"B/E is the leading manufacturer of cabin interior equipment for business jets," added Mr. Khoury. "We're excited to extend our complete oxygen systems platform to this emerging high-growth aircraft segment."
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 involve risks and uncertainties. B/E's actual experience may differ materially from that anticipated in such statements. Factors that might cause such a difference include those discussed in B/E's filings with the Securities and Exchange Commission, including but not limited to its most recent proxy statement, Form 10-K and Form 10-Q. For more information, see the section entitled "Forward-Looking Statements" contained in B/E's 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 have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
About Airbus and A400M
Headquartered in Toulouse, France, Airbus is jointly owned by EADS (80%) and BAE Systems (20%). Airbus has sold more than 5,300 aircraft, has some 250 customers/operators and has delivered more than 3,800 aircraft since it first entered service in 1974.
Airbus is responsible for the development of the A400M, a military transport aircraft, produced by Airbus Military. Airbus is the major shareholder in Airbus Military. The other shareholders are EADS-CASA, FLABEL of Belgium and Turkish Aerospace Industries.
The A400M is a natural expansion of the Airbus aircraft family into the military sector. Specifically designed to meet the needs of European NATO nations, this all-new military transport provides a versatile and cost-effective solution to the world's military airlift requirements in humanitarian or peace-keeping operations.
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 designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E manufactured products include 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 sells its products through its own global direct sales organization. For more information, visit B/E's website at http://www.beaerospace.com.
B/E Aerospace, Inc.
Director, Investor Relations
Source : B/E Aerospace, Inc.