B/E Aerospace Wins New Program Awards Valued At Approximately $100 Million; Confirms Outlook for Strong Revenue Growth.

Business Editors

WELLINGTON, Fla.--(BUSINESS WIRE)--Sept. 4, 2001

B/E Aerospace, Inc. (Nasdaq:BEAV) today announced that it has been selected for aircraft interior programs with a combined value of nearly $100 million.

SEATING PROGRAM EXCEEDS $50 MIILLION

One of the world's major leasing companies has designated B/E's Spectrum coach class seat as baseline equipment on up to 325 new Boeing and Airbus aircraft, to be delivered over a number of years. With deliveries commencing in calendar 2002, the program has an estimated value of over $50 million.

"We are proud to be selected for this program," said Mr. Robert J. Khoury, President and Chief Executive Officer. "We appreciate the vote of confidence from this important customer, and look forward to a long and mutually beneficial relationship." The seats will be manufactured at B/E's Litchfield, Connecticut facility.

THREE AIRLINES SELECT B/E SEATS

B/E also announced seating product orders from Southwest Airlines, Lan Chile and Hawaiian Air. The orders, which involve retrofits of existing aircraft as well as seats for new aircraft, have a combined value of $25 million, including options on new aircraft. Two of the three airlines have selected B/E to equip both the premium and coach class sections of their wide-body aircraft.

SUCCESS OF B/E'S CREW REST PROGRAM CONTINUES

A major European airline recently became the fourth customer to select B/E's overhead crew rest for its Boeing 777 aircraft. The program award is worth more than $20 million to B/E.

The patented crew rest, located in an unused space over the passenger cabin, is a sleeping and resting compartment for flight crews during long-haul flights. It offers important advantages to airlines by freeing up valuable cargo space, enhancing crew safety and comfort and reducing fuel consumption due to its light weight compared to other crew rests.

OUTLOOK FOR STRONG REVENUE GROWTH

Commenting on B/E's outlook, Mr. Khoury stated: "We expect to report significantly increased revenues during the coming year. The program awards which we announce today, together with the $100 million of awards announced in July, bring major orders received in the second quarter to more than $200 million. Scheduled deliveries from our backlog, which stood at approximately $600 million at the end of the first fiscal quarter, combined with our second quarter program awards, provide a firm foundation for favorable year-over-year revenue comparisons during the coming year."

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, serving 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 and business/VIP aircraft and provides interior design, reconfiguration and conversion services to its customers throughout the world. With annual revenues exceeding $700 million, the company employs more than 4,000 people worldwide. For more information, visit B/E's web site at http://www.beaerospace.com.