B/E Aerospace Awarded Super First Class Seating Contract
B/E Aerospace, Inc. the world's leading manufacturer of aircraft cabin interior products, announced today that the Company has entered into a definitive agreement with a major international airline to outfit its new-buy Boeing 777 aircraft with proprietary high-end super first class suites. The contract which was executed yesterday includes an option to outfit additional wide-body aircraft. The option portion of the agreement is valued at approximately $190 million and is in addition to the firm award which is valued in excess of $260 million. Initial deliveries are expected to begin in late 2017.
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.
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Source : B/E Aerospace, Inc - view original press release