WELLINGTON, Fla., Apr 15, 2011 (BUSINESS WIRE) --
B/E Aerospace (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 Deutsche Lufthansa AG ("Lufthansa") to outfit its new-buy A330 aircraft and to retrofit its current fleet of A330 and A340 aircraft with B/E Aerospace next generation business class seating. The awards are primarily for the retrofit of Lufthansa's existing A330 and A340 aircraft and are initially valued in excess of $100 million.
B/E Aerospace will provide Lufthansa with jointly developed and customized business class seats designed to maximize passenger comfort and living space.
"We are honored to have been selected by Lufthansa for this award which further solidifies our partnership with one of the world's largest and leading global airlines. Our patented business class seats will provide Lufthansa's premium class passengers with outstanding comfort and functionality," commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace. "This award, combined with our previously announced $100 million award with Lufthansa to outfit its new wide-body B747-8 aircraft and to retrofit certain of its existing wide-body aircraft with B/E Aerospace Super First Class suites, further strengthens our position as the leading provider of premium class aircraft cabin interior products."
About B/E Aerospace
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, 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 approximately 50 percent of sales. B/E Aerospace sells and supports its products through its own global direct sales and product support organization.
The first of these is a lie-flat business class seating program to outfit a major international airline's new-buy Boeing 787 fleet.
B/E Aerospace Wins Super First Class Program Award from Major Global Airline Initially Valued in Excess of $100 Million
This award is initially valued in excess of $100 million. Deliveries are expected to commence early in 2011.
B/E Aerospace will provide these three airlines with individually and jointly developed customized private suites for their first class international passengers.
B/E Aerospace was presented the award at the Aircraft Interiors Expo in Hamburg, Germany.