B/E Aerospace

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Not to be confused with BAE Systems.
B/E Aerospace, Inc.
Type Public company
Traded as NASDAQBEAV
Founded 1987 as Bach Engineering[1]
Headquarters Wellington, Florida, USA
Area served Global
Products Commercial & Business Jet Cabin Interior Products and Distributor of Fasteners & Consumables
Revenue IncreaseUS$2.5B (FY 2011)[2]
Operating income IncreaseUS$428M (FY 2011)[2]
Net income IncreaseUS$228M (FY 2011)[2]
Total assets IncreaseUS$3.84B (FY 2011)[3]
Total equity IncreaseUS$1.875B (FY 2011)[3]
Employees 10,285[4]
Divisions Commercial Aircraft
Business Jets
Consumables Management
Website http://beaerospace.com

B/E Aerospace, Inc. is an S&P 400 and NASDAQ listed manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets. B/E Aerospace is also the leading global distributor of aerospace fasteners and consumables.[citation needed] B/E Aerospace has leading worldwide market shares in all of its major product lines and serves virtually all of the world's airlines, aircraft manufacturers and leasing companies through its direct global sales and customer support organizations.[citation needed] Based in Wellington, Florida,[5] the company was capitalized as a $4.36 billion corporation as of 2012. [6]

History[edit]

Founded in 1987, B/E Aerospace has evolved from a $3 million company to over $3.0 billion in revenue today (2008) making it the world’s leading manufacturer of aircraft interior products and solutions for the commercial, business jet, and military markets, and the world's leading distributor of aerospace fasteners and consumables. B/E’s history has been one of multiple acquisitions coupled with strong internal growth. http://www.beaerospace.com/profile/company_history.htm

On June 1, 2005, Air Canada awarded a $50-million (U.S.) contract to Florida-based B/E Aerospace Inc., to upgrade seating in 143 aircraft.[7]

In 2012, B/E's ALCI division became the sole source for all future lavatories on new build Boeing 737 aircraft. Introducing their patented Spacewall lavatory, airlines can take advantage of space provided to add up to 6 passenger seats per aircraft. Delta Airlines was the launch customer, with the first aircraft delivery on 9/27/2013.

Products[edit]

The company is a major provider of airline seats to many airlines worldwide. Some significant customers include United Airlines, Delta Air Lines, Emirates Airlines, Qatar Airways, Air France, KLM, Lufthansa, Qantas, Japan Airlines, and Southwest Airlines. Some of B/E Aerospace's rivals in the airline seating industry include Acro Aircraft Seating in the UK, Zodiac Seats U.S. in Gainesville, Texas, Zodiac Seats France, EADS Sogerma in France, Geven in Italy, Recaro in Germany, and Aviointeriors in Italy.

In the Business Jet Seating segment, B/E Aerospace's main competitors are United Technologies Corporation's Decrane Aircraft Seating in Peshtigo, Wisconsin, Iacobucci in Italy, and PAC Seating Systems in Palm City, Florida.

B/E Aerospace also provides a line of aircraft beverage makers.

Oxygen Systems[edit]

The FAA announced on 11 August 2008 that it would investigate why "almost half the masks either did not deploy or failed to provide oxygen" during a pan-pan event on American Airlines Flight 31[8] The FAA had recently issued airworthiness directives regarding problems with defective inline flow indicators obstructing the BE Aerospace oxygen masks on several Boeing commercial aircraft models. B/E had identified a repair in February 2006. Boeing then issued a "Special Attention Service Bulletin" to inspect and if necessary repair the masks in April 2007. The directives only require action by April 2013 unless already done.[9]

References[edit]

External links[edit]