B/E Aerospace (NASDAQ:BEAV) is looking to reap as much as $100 million in new contracts for lavatory systems aboard airplanes manufactured by the world's two biggest plane producers.
On Monday, B/E announced that Boeing and Airbus have both chosen its Safe Lav CDS oxygen system to outfit their in-production narrow-body aircraft, and many of their in-production wide-body aircraft. Installations of the new system are expected to begin next year, and major airlines are also expected to begin at least some retrofitting of their fleets to use the new system in 2014.
The new system is designed to comply with a Federal Aviation Administration Airworthiness Directive and similar regulations from foreign countries, which require that chemical oxygen systems installed in U.S.-registered aircraft lavatories be replaced by September 2015.
Company CEO Amin J. Khoury said in a statement on the awards that B/E is "the industry leader in aircraft oxygen systems."
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