BE Aerospace
 |
|
| Public company | |
| Traded as |
NASDAQ: BEAV S&P 400 Component |
| Founded | 1987 as Bach Engineering |
| Headquarters | Wellington, Florida, USA |
|
Area served
|
Global |
|
Key people
|
Amin Khoury, founder and Chairman |
| Products | Commercial & Business Jet Cabin Interior Products |
| Revenue |
 US$2.5B (FY 2011)
|
|
US$428M (FY 2011)
|
|
|
US$228M (FY 2011)
|
|
| Total assets |
US$3.84B (FY 2011)
|
| Total equity |
US$1.875B (FY 2011)
|
|
Number of employees
|
10,057 |
| Divisions | Commercial Aircraft Business Jets |
| 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 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. Based in Wellington, Florida, the company was capitalized as a $4.2 billion corporation as of January 2016.
Founded by Amin Khoury in 1987, B/E Aerospace has evolved from a $3 million company to $2.6 billion in revenue, making it the world’s leading manufacturer of aircraft interior products and solutions for the commercial, business jet, and military markets. B/E’s history has been one of multiple acquisitions coupled with strong internal growth.
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.
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 Air Lines was the launch customer, with the first aircraft delivery on 9/27/2013.
In December 2014, B/E announced that it had completed the spin-off of its aerospace fasteners and consumables business, creating KLX, Inc. (Nasdaq: KLXI).
B/E Aerospace was bought for $6.4 billion by the avionics and aircraft connectivity provider Rockwell Collins based in Cedar Rapids, Iowa, which competes with Honeywell and more recently with Garmin. B/E shareholders would own 20% of the new Rockwell which would have $8.1 billion in revenues and $1.9 billion in pre-tax earnings with nearly 30,000 employees.
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. Customers using the company's most popular product - Diamond Business Class Seat, include Aeroflot, Aeromexico, Air Canada, Air China, American Airlines, China Airlines, Delta Air Lines, KLM, Qatar Airways, Thai Airways, United Airlines and Virgin Australia. 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, STELIA Sogerma Seats in France, Geven in Italy, Recaro in Germany, and Aviointeriors in Italy.
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Wikipedia