B/E Aerospace Announces Lavatory Oxygen Awards
Company Expects up to Approximately $100 Million in Revenue
WELLINGTON, Fla.--(BUSINESS WIRE)-- B/E Aerospace, Inc. (Nasdaq: BEAV ) , the world's leading manufacturer of aircraft cabin interior products and the world's leading distributor of aerospace fasteners and consumables, today announced that the Company has been selected by both Airbus and Boeing to provide its Safe Lav CDS™ oxygen system for line-fit installation in the lavatories of essentially all in-production narrow body aircraft and certain in-production wide body aircraft. Both Airbus and Boeing line-fit deliveries as well as retrofit deliveries for airlines globally are expected to begin in 2014.
The B/E Aerospace Safe Lav oxygen system is designed to ensure safe, tamper-proof delivery of lavatory oxygen, and addresses the recently issued Federal Aviation Administration (FAA) Airworthiness Directive which requires all chemical oxygen systems installed in US registered aircraft lavatories to be replaced by September 2015. In addition, several other countries have recently adopted similar regulations.
Safe Lav has a common user interface, easily interchanges with current chemical oxygen systems and requires no additional electrical power. Safe Lav uses stainless steel cylinder construction and is available in 12, 15 and 22 minute durations.
“We are pleased to provide Airbus, Boeing and airlines globally with our FAA compliant lavatory oxygen systems. As the industry leader in aircraft oxygen systems, we are pleased to be able to offer our customers a low maintenance oxygen solution that is installation ready,” stated Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve risks and uncertainties. The Company’s actual experience and results may differ materially from the experience and results anticipated in such statements. Factors that might cause such a difference include those discussed in the Company’s filings with the Securities and Exchange Commission (SEC), which include its Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. For more information, see the section entitled "Forward-Looking Statements" contained in the Company’s Annual Report on 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 and rules and regulations of the SEC, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin interior products and the world’s leading distributor of aerospace fasteners and consumables. B/E Aerospace designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E Aerospace manufactured products include aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems. The Company also provides cabin interior reconfiguration, program management and certification services. B/E Aerospace sells and supports its products through its own global direct sales and product support organization. For more information, visit the B/E Aerospace website at www.beaerospace.com.
B/E Aerospace, Inc.
Greg Powell, 561-791-5000
Vice President Investor Relations
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