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2008-01-30 Manufacturing
News
Aircraft cabin interior products biz B E Aerospace new contract with Airbus Airbus selects B E Aerospace, a manufacturer of aircraft cabin interior products, to supply passenger and crew oxygen systems for new A350 XWB.
B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer of aircraft cabin interior products and a leading aftermarket distributor of aerospace fasteners, announces that Airbus has selected B/E Aerospace as its supplier of next generation passenger and crew oxygen systems for the new A350 XWB (Xtra Wide Body) aircraft. The award is initially valued at more than $125 million. The A350 XWB will be equipped with B/E Aerospace’s passenger and crew oxygen systems utilizing B/E Aerospace’s advanced technologies, including B/E Aerospace’s patented Pulse* system as well as chemical oxygen generation in a unique system designed for the A350 XWB. The B/E Aerospace oxygen systems deliver oxygen more efficiently than traditional passenger systems, and reduce overall system weight, fuel burn and maintenance costs.
“We are extremely pleased to be named by Airbus as the program supplier of oxygen systems for their new A350 XWB aircraft. Our leading-edge oxygen technology supports our objectives for lower weight and flexible systems to provide the enhanced operating economics required by Airbus and the airlines,” said Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. “This award along with our oxygen/PSU award for the B787, neither of which are in our current backlog, reinforces our market position as the leading provider of oxygen systems worldwide.” 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 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, 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 Aerospace sells and supports
its products through its own global direct sales and product support organization.
B/E Aerospace, Inc. will make a presentation to institutional investors at the Cowen and Company Aerospace/Defense Conference in New York City on Wednesday, February 6, 2008. The presentation will begin at 11:10 a.m. Eastern time on Wednesday,
February 6, 2008. To listen to a live broadcast via the Internet, visit
the Investors section of the B/E Aerospace, Inc. website. See all the Press Releases from B/E Aerospace sites - Click Here Read a recent article about - Got a Cool Job in the Aircraft Industry?- Get the word out today! Our Dedicated Portal Helps U- $ave
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