B/E Aerospace Selected for Aircraft Cabin Interior Programs Initially Valued at over $200 Million.WELLINGTON, Fla. -- B/E Aerospace, Inc. (Nasdaq: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 distributor of aerospace fasteners, today announced that it has recently won nine B787 program awards which together with other awards from US, Asian and Chinese airlines, are initially valued at over $200 million. The programs announced today include the following: * Initial Boeing 787 orders This article lists the orders for the Boeing 787. Orders and Options Orders sorted by customer Customer EIS† Type Engine 787-3 787-8 787-9 787-10†† TBA††† Options Rights GE RR from nine major global airlines for seating and/or a broad array of 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, and oxygen systems. * Retrofit awards from two North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. carriers to begin re-equipping certain of their aircraft types. * Awards from two major Asian carriers to outfit both their new-buy and existing B777 aircraft. * Awards from four major Chinese airlines to outfit over 130 of their new-buy Boeing and Airbus narrow-body aircraft with B/E's first class and coach class seating, food and beverage preparation and storage equipment and its oxygen systems. "We are encouraged by the heightened levels of both retrofit and new-buy RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) activity, recent awards from U.S. airlines and the continued strong demand, primarily from Pacific Rim, Asian and Chinese carriers. That strength is being fortified fortified (fôrt  ´fīd),adj containing additives more potent than the principal ingredient. by order activity for cabin interior equipment required to outfit, particularly, the airlines' new-buy B787 and B777 aircraft. Our business continues to be strong in the rapidly growing Chinese and Indian markets. For 2006, our bookings from Chinese airlines were approximately $100 million," said Amin Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. "These awards, and expected follow-on orders should drive our backlog to new record levels in 2007 as our major airline customers place orders to fulfill the cabin interior requirements for their new-buy aircraft. Industry experts are forecasting that over 1,000 wide-body aircraft will be delivered over the 2007 - 2010 period. These aircraft alone are expected to generate about $3BN of demand for cabin interior equipment," continued Mr. Khoury. Mr. Khoury concluded, "The size and composition of our backlog, expected follow-on orders, the ramp in wide-body deliveries together with the operating leverage Operating Leverage A measurement of the degree to which a firm or project relies on fixed rather than variable costs. Notes: The higher the degree of operating leverage, the greater the potential danger from forecasting risk. inherent in our business serve as the foundation for our expectation for strong revenue growth and margin expansion through 2009." 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 have any obligation 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 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 www.beaerospace.com. |
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