BE Aerospace Inc.

John Wolz

2001 Revenue$666.4 million
2000 Revenue $723.4 million
2001 Closing Price9.17
2000 Closing Price 16.0

BE Aerospace, known as a manufacturer of commercial jet interiors, entered the fastener industry with the 2001 acquisition of M&M Aerospace Hardware Inc. for $177 milliion. M&M distributes aerospace fasteners, with 70% of its sales in the aftermarket.
CEO Robert Khoury said the M&M acquisition doubles BE�s addressable market, increases its percentage of sales in the aftermarket and gives the company access to M&M�s inventory management system. Khoury noted that aerospace fasteners must be replaced at mandated maintenance intervals.
Since 1989 BE has acquired more than 20 companies. BE currently is trying to expand in the business of converting passenger jets into freighters. About 85% of revenues are from sales to airlines, and thus BE is dependent on the health of the global airline industry.

Corporate Office: 1400 Corporate Center Way, Wellington, FL 33414-2105. Tel: 561 791-5000
NASDAQ Symbol: BEAV
CEO: Robert Khoury.
Investor Relations: Max Kuniansky Tel: 561 791-5000 E-mail: max�kuniansky@beaerospace.com
Employees: 4,300 \ �2002 FastenerNews.com