B/E Aerospace Confirms Earnings Outlook, Expects Strong Second Half in Calendar 2002.

Business Editors

WELLINGTON, Fla.--(BUSINESS WIRE)--Feb. 12, 2002

B/E Aerospace, Inc. (Nasdaq:BEAV) today confirmed the earnings outlook for both the current and next fiscal years.

"Our cost reduction actions are on track," said Mr. Robert J. Khoury, President and Chief Executive Officer of B/E Aerospace. "Consequently, the earnings outlook remains unchanged. We continue to expect a surge in earnings in the second half of the fiscal year commencing February 24, 2002, driven by the successful implementation of our facilities and workforce consolidation program."

B/E's primary customers, the world's airlines, have experienced difficult operating conditions due to the aftermath of the September 11 attacks and a weak economy. In October, B/E announced plans to reduce costs to levels consistent with lower projected demand by closing five facilities and reducing workforce by about 1,000 people.

As previously announced and confirmed today, B/E expects approximately break-even net earnings for the second half of the current year ending on February 23, 2002, excluding previously announced charges and transition costs associated with facility consolidations. For the fourth quarter, management expects such charges and transition costs to total approximately $5 million. For the following fiscal year 2003 (February 24, 2002 through February 22, 2003), B/E expects to earn about $0.85 per share, with about $0.60 of the projected earnings per share occurring in the second half of the year. As previously announced, expected fiscal 2003 results exclude approximately $10 million of transition costs associated with facility consolidations.

Airline demand for B/E's products will be constrained for the foreseeable future, but several key value drivers will aid B/E on the road ahead, including:

-- Seasoned management: the company's senior management team has successfully
implemented two other major facility and personnel consolidation programs.

-- Financial flexibility: B/E's bank facility requires no principal payments
until maturity in 2006. Its publicly traded debt requires no principal payments
until 2008 through 2011.

-- Favorable sales mix: B/E is less tied to new aircraft production than many
companies in the sector. The aftermarket

-- cabin interior retrofits and refurbishments -- provided 60 percent of B/E's
sales last year. At present, airlines are conserving cash and deferring
refurbishment of cabin interiors. B/E believes that this will inevitably create
pent-up demand that should cause its aftermarket sales to rebound well before
new aircraft deliveries.

-- Strong presence in both aftermarket and new aircraft: B/E continues to
produce quality products which enjoy leading worldwide market shares. The
Boeing Company recently recognized B/E as one of its top 100 suppliers
worldwide, reflecting the continued success of B/E's lean manufacturing and
continuous improvement initiatives. "We expect to have greatly enhanced
earnings power when demand returns to more normal levels," said Mr. Khoury.

"Cost reduction actions currently under way should enable us to produce more output with fewer facilities and lower fixed costs. In fact, after closing five principal locations, our remaining facilities will have the capacity to generate annual revenues of approximately $1 billion."

B/E expects to release its year-end financial results in early April. The company will announce the date and time of its earnings conference call and webcast about a week prior to the release.

This news release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties, and 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.

B/E Aerospace, Inc. is the world's leading manufacturer of aircraft cabin interior products, and a leading aftermarket distributor of aircraft component parts. The company serves virtually all the world's airlines and aircraft manufacturers. B/E designs, develops, manufactures, sells and services a broad line of passenger cabin interior products for both commercial aircraft and business jets and provides interior design, reconfiguration and conversion services to its customers throughout the world. For more information, visit B/E's web site at http://www.beaerospace.com.