Apr 29 2009
B/E Aerospace, Inc. (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 Boeing Company has selected B/E Aerospace as its manufacturer of cabin lighting for the next generation Boeing 737 aircraft program. This innovative B/E Aerospace supplier furnished equipment (SFE) system will become standard equipment on all next generation Boeing 737 aircraft, and is part of B/E Aerospace’s $2.3 billion unbooked SFE backlog. Program deliveries are expected to commence in late 2010, with volume deliveries commencing in 2011.
B/E Aerospace’s digital light-emitting-diode (LED) lighting system will play a critical role in the new Boeing “Sky Interior” for the 737. This innovative, lightweight LED system features adjustable lighting with full spectrum color capabilities, providing superior cabin ambiance and unprecedented lighting control. Studies have provided conclusive evidence that cabin illumination enhances passenger comfort.
"We are honored to have been selected by Boeing as the supplier partner of next generation lighting for the new 737 “Sky Interior”. We look forward to continuing our long-standing and excellent relationship with Boeing as we both develop ways to enhance aircraft performance and passenger comfort," commented Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. “This award is part of our strategic “OEM direct”, or SFE, focus to substantially increase our revenue content per aircraft. The value of the OEM direct awards which the company has won currently totals over $2.3 billion, only a very small portion of which is included in the company’s backlog. Our current backlog of $2.8 billion, along with unbooked SFE awards, is in excess of $5 billion. As we deliver products from our total $5 billion plus backlog (booked and unbooked) we expect to substantially add to our current $7.3 billion installed base, which in turn should facilitate growth in our spares business over time.”