BE Aerospace Jumps as it Announces Cockpit Security Product

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BE Aerospace (BEAV) was up 9.8% in preopen Island trading after saying it could have a cockpit security product for commercial airliners on the market as early as January 2002.

The system, developed over a year ago for a foreign airline, involves a bulletproof cockpit door, a patent-pending locking system and a video system to monitor the passenger cabin, the company said.

The potential market for the products on about 10,000 existing aircraft worldwide is estimated at $1.5 billion to $2 billion, the company said.

BE Aerospace is a maker of aircraft interior products.