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B/E Aerospace Receives Antitrust Clearances for HCS Acquisition; Comments on Record 2008 Second Quarter Financial Results; Schedules Earnings Conference Call

2008-07-16 05:00:00

WELLINGTON, Fla.–(EMWNews)–B/E Aerospace, Inc. (Nasdaq:BEAV), the world’s leading manufacturer of

aircraft cabin interior products and the leading aftermarket distributor

of aerospace fasteners, today announced that it has received regulatory

approval for its acquisition of Honeywells

Consumables Solutions distribution business (HCS) and that it expects to

close the transaction before the end of the third quarter.

The company expects to report record second quarter earnings per diluted

share in excess of consensus estimates. In addition, the company

announced that it expects to report record quarterly bookings, backlog,

revenues, operating earnings and net income.

The company will release its financial results for the quarter ended

June 30, 2008 prior to the opening of the NASDAQ Stock Market on

Tuesday, July 29, 2008, and will hold a conference call to discuss the

results at 9:00 a.m. Eastern time on Tuesday, July 29, 2008. To listen

live and view the slide presentation via the Internet, visit the

Investors section of the B/E Aerospace, Inc. website at www.beaerospace.com

and follow the link to “Webcasts.

This news release contains forward-looking statements within the meaning

of Section 27A of the Securities Act of 1933 and Section 21E of the

Securities Exchange Act of 1934. Such forward-looking statements

include, but are not limited to, B/E Aerospaces

financial guidance and industry expectations for the next several years.

Such forward-looking statements involve risks and uncertainties. B/E

Aerospaces actual experience and results may

differ materially from the experience and results anticipated in such

statements. Factors that might cause such a difference include changes

in market and industry conditions and those discussed in B/E Aerospaces

filings with the Securities and Exchange Commission, which include its

Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form

10-Q and Current Reports on Form 8-K. For more information, see the

section entitled Forward-Looking Statements

contained in B/E Aerospaces Annual Report on

Form 10-K and in other filings. The forward-looking statements included

in this news release are made only as of the date of this news release

and, except as required by federal securities laws, we do not intend to

publicly update or revise any forward-looking statements to reflect

subsequent events or circumstances.

About B/E Aerospace, Inc.

B/E Aerospace, Inc. is the world’s leading manufacturer of aircraft

cabin interior products, and the leading aftermarket distributor of

aerospace fasteners. B/E Aerospace designs, develops and manufactures a

broad range of products for both commercial aircraft and business jets.

B/E Aerospace manufactured products include aircraft cabin seating,

lighting, oxygen, and food and beverage preparation and storage

equipment. The company also provides cabin interior design,

reconfiguration and passenger-to-freighter conversion services. Products

for the existing aircraft fleet — the aftermarket — generate about 60

percent of sales. B/E Aerospace sells and supports its products through

its own global direct sales and product support organization.

For more information, visit the B/E Aerospace, Inc. website at www.beaerospace.com.

B/E Aerospace, Inc., Wellington
Greg Powell, Vice President,

Investor Relations,
561-791-5000 ext. 1450

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