12/14/2012 1:24:00 AM
NEWS BRIEFS
B/E Aerospace Wins Contracts Worth $250m
B/E Aerospace has been awarded four major aircraft cabin interior programs initially valued at $250 million.
The first of these is a lie-flat business class seating program to outfit a major international airline’s new-buy Boeing 787 fleet. In addition, B/E Aerospace will provide retrofit LED lighting for this same airline’s Boeing 737, 767 and 777 aircraft.
The second is a full cabin interior retrofit program to outfit a major global airline’s long haul aircraft with lie-flat business class seating, Pinnacle main cabin seating, and LED lighting.
The third award includes a business class seating program, a Pinnacle main cabin seating program and a comprehensive food and beverage preparation and storage equipment program to outfit new-buy wide-body aircraft for a major Chinese airline.
Finally, B/E Aerospace has won a Pinnacle main cabin seating program and a comprehensive food and beverage preparation and storage equipment program to outfit a Russian airline’s new-buy 737 and A320 aircraft.
“Our premium class seating awards solidify our market leadership position as the leading supplier of full-flat premium class seating designed for exceptional passenger comfort, enhanced living space and luxurious amenities,” stated CEO Amin Khoury.
B/E Aerospace reported sales at its consumables management segment (CMS), including fasteners, rose 24% to $295.8 million in the third quarter of 2012, with operating earnings, adjusted to exclude AIT costs, up 24.4% to $59.2 million. CMS operating margin expanded 10 basis points to 20%.
Nine-month CMS revenue climbed 22.5% to $869.2 million, with adjusted operating earnings up 24.6% to $175 million. Adjusted operating margin gained 30 basis points to 20.1%.
Overall B/E Aerospace sales improved 20.6% to $766.7 million in the third quarter of 2012, which included 10.5% organic growth. Q3 operating earnings gained 24% to $138.9 million. ©2012 GlobalFastenerNews.com
Related Stories:
• SFS intec Eyes Expansion in Ohio
• Participate in the End of 2012 FIN Survey
Related Links:
Share: