B/E Aerospace is the worldwide leading 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.
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.
The company stocks more than 275,000 part numbers, including Honeywell Aerospace spare parts, in 40 locations worldwide.
B/E Aerospace is the leading manufacturer of a broad range of products for business jets. Products include a complete line of business jet seating and divan products from traditional designs to unique lie-flat offerings as well as Super First Class environments for commercial aircraft. Additionally B/E manufactures lighting systems, air valves and oxygen delivery systems as well as sidewalls, bulkheads, credenzas, closets, galley inserts, lavatories, and tables. B/E provides complete interior packages, including design services, all interior components and program management services for executive aircraft.
The company reported 2010 revenue of $1.98 billion, a 2.4% increase. Net income was $143.3 million.
CEO Amin Khoury said, "From a sales and marketing perspective, our commercial aircraft segment had a record year for contract awards. During the year our main cabin seating platforms were selected by a number of the world's leading airlines for both their wide-body and narrow-body aircraft. These coach class seating awards are for seating for both new-buy aircraft and retrofit seating for existing aircraft. 2010 record coach class seating awards were driven primarily by our new patented Pinnacle main cabin seating platform, the industry's lightest full-featured seat. We successfully launched Pinnacle in late 2009, the Pinnacle seating platform has captured awards to equip more than 1,000 new or existing aircraft. These awards are initially valued in excess of $400 million and are for both wide-body and narrow-body aircraft. A number of the new-buy coach class awards that we won resulted in the airlines contemporaneously ordering new coach class seating for their existing aircraft."
Mr. Khoury continued, "B/E Aerospace was particularly successful in 2010 in the rapidly growing Chinese market. Our aircraft cabin interior products were selected by a number of China's leading airlines including Air China, China Southern Airlines, and Hainan Airlines for both their wide-body and narrow-body aircraft fleets. The awards are initially valued at approximately $200 million. We have continued to successfully pursue our ambitious objectives in the Chinese aircraft interior equipment market having garnered a majority of all orders over the past several years."
The company was founded in 1987 and originally named Bach Engineering. The company was renamed B/E Avionics after acquiring the company in 1989. It went public in April 1990.
The company was renamed B/E Aersopace in 1992.
B/E has made multiple acquisitions of companies since it was founded.
- Medical, Dental & Vision Insurance
- Basic & Supplemental Life Insurance Plans
- Short & Long Term Disability Plans
- Employee Assistance Program
- Tuition Reimbursement Program
- Discounted Travel Program
Updated March 21, 2011