B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer of aircraft cabin interior products and the world's leading distributor of aerospace fasteners and consumables, today announced that the Company has been awarded four major aircraft cabin interior programs.
The first of these is a lie-flat business class seating program to outfit a major international airline’s new-buy Boeing 787 fleet. In addition, B/E Aerospace will provide retrofit LED lighting for this same airline’s Boeing 737, 767 and 777 aircraft.
The second is a full cabin interior retrofit program to outfit a major global airline’s long haul aircraft with lie-flat business class seating, Pinnacle® main cabin seating, and LED lighting.
The third award includes a business class seating program, a Pinnacle® main cabin seating program and a comprehensive food and beverage preparation and storage equipment program to outfit new-buy wide-body aircraft for a major Chinese airline.Finally, B/E Aerospace has won a Pinnacle® main cabin seating program and a comprehensive food and beverage preparation and storage equipment program to outfit a Russian airline’s new-buy 737 and A320 aircraft. These awards are initially valued at approximately $250 million. “Today’s multiple awards announcement highlights our continued focus on being the most innovative aircraft cabin interior supplier in the industry and further solidifies our position as the market leader for aircraft cabin interiors. These awards underscore our leadership in LED lighting systems, premium class seating and Pinnacle® main cabin seating as well as food and beverage preparation and storage equipment,” commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace. ”The lighting retrofit awards are significant as we continue to expand all-LED lighting throughout the cabin into the existing worldwide fleet of aircraft and follows our recently announced Boeing 777 retrofit lighting award which was recently announced in conjunction with program awards of approximately $400 million. Today’s lighting awards include our first all-LED retrofit awards for the Boeing 737, 757 and 767 as well as additional Boeing 777 aircraft.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts