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B/E Aerospace Comments on Impact of A380 Delays; Reaffirms Raised 2006 Guidance, Sees Robust Earnings Growth for 2007 Through 2009.


WELLINGTON, Fla. -- B/E Aerospace, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:BEAV BEAV Binary Editor and Viewer ), the world's leading manufacturer of aircraft cabin An aircraft cabin is the section of an aircraft in which passengers travel, often just called the cabin. At cruising altitudes, the surrounding atmosphere is too thin to breathe without an oxygen mask, so cabin pressurization adapts the cabin to atmospheric pressures.  interior products and a leading aftermarket Aftermarket

See: Secondary market.


aftermarket

See secondary market.
 distributor of aerospace fasteners fasteners

In construction, connectors between structural members. Bolted connections are used when it is necessary to fasten two elements tightly together, especially to resist shear and bending, as in column and beam connections.
, in response to specific inquiries that the company has received, today commented on the impact of delivery schedule changes for Airbus A380 aircraft.

B/E expects A380 delivery delays to negatively impact its revenue and earnings in 2006, particularly its new Super First Class product offering. Notwithstanding the impact on this product line, above-plan performance in several of the company's other product lines is offsetting underperformance of the Super First Class product line. Accordingly, the company confirmed its recently raised 2006 earnings guidance of $1.19 per diluted share (before debt prepayment costs of approximately $0.16 per diluted share).

Commenting on the company's outlook, Mr. Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. said, "The size and quality of our backlog and our expanding margins underpin our expectations for a near tripling of pretax earnings for the full year 2006. We are, therefore, reaffirming our earnings guidance of $1.19 per diluted share for 2006, exclusive of the after-tax impact of debt prepayment costs of approximately $0.16 per diluted share."

"Our record backlog, a protracted pro·tract  
tr.v. pro·tract·ed, pro·tract·ing, pro·tracts
1. To draw out or lengthen in time; prolong: disputants who needlessly protracted the negotiations.

2.
 new aircraft delivery cycle particularly with respect to wide-body aircraft and our expectations for continued margin expansion provide us with excellent visibility into 2007 and beyond and further bolster our confidence in the outlook for the next several years. Consequently, we expect earnings per share to grow at a strong double-digit annual rate in 2007, 2008 and 2009, driven by strong revenue growth and continued margin expansion. As stated earlier, the company plans to provide more specific 2007-2009 financial guidance in late October consistent with its long-term planning cycle," concluded Mr. Khoury.

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 Proxy Statement

A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting.
, Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and Form 10-Q Form 10-Q

See 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 intend to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.

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 aircraft cabin seating, lighting, oxygen, and food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods.  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 and supports its products through its own global direct sales and product support organization. For more information, visit B/E's website at http://www.beaerospace.com.
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Publication:Business Wire
Date:Sep 21, 2006
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