B/E Aerospace Selected for Main Cabin Seating Programs Initially Valued at More Than $70 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 been selected to provide main cabin retrofit and new-buy seating programs for approximately 250 aircraft for US Airways, Frontier Airlines This article is about Frontier Airlines that was founded in 1994. For the company known as Frontier Airlines from 1950 to 1986, see Frontier Airlines (1950-1986). For the similarly named Frontier Flying Service see Frontier Flying Service. and Malaysia-based AirAsia initially valued at more than $70 million. The program awards for US Airways include retrofitting Airbus A320 aircraft and equipping a number of new-buy single-aisle aircraft with coach class and first class seating. The Frontier Airlines programs include retrofitting Airbus A318 and A319 aircraft as well as equipping a number of new-buy Airbus A320 aircraft with coach class seating. The AirAsia program award is a follow-on order for coach class seating for a number of additional new-buy Airbus A320 aircraft. All three programs are for seating products based on B/E Aerospace's award winning Spectrum[TM] platform which has become the clear market share leader for both Boeing and Airbus single-aisle aircraft. "These two U.S. airline awards, together with previously announced awards with United Airlines, Southwest Airlines This article is about the American airline. For the former Japanese airline, see Japan Transocean Air. For the British airline, see Air Southwest. Southwest Airlines Co. , Alaska Airlines Alaska Airlines, (NYSE: ALK) is an airline based in Seattle, Washington, United States. It operates hubs at Seattle-Tacoma International Airport, Ted Stevens Anchorage International Airport, Los Angeles International Airport, and Portland International Airport. and Continental Airlines, clearly indicate that the U.S. carriers are beginning to address the upgrade of their fleets. In addition, AirAsia represents the largest A320 backlog customer for Airbus. In view of the planned single-aisle aircraft production rate increases by both Boeing and Airbus, we are particularly gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. with these awards," said Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. "As evidenced by these awards, the market remains robust for our cabin interior products for both retrofit and new-buy aircraft and even though the company's revenue generation is tracking at a record quarterly rate we are nevertheless on track to report another record backlog in July when we report 2007 second quarter results." 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 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 www.beaerospace.com. |
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