| Type | Public company |
|---|---|
| Traded as | NASDAQ: BEAV |
| Founded | 1987 as Bach Engineering[1] |
| Headquarters | Wellington, Florida, USA |
| Area served | Global |
| Products | Passenger aircraft cabin fittings |
| Revenue | US$1.98B (FY 2010)[2] |
| Operating income | US$316M (FY 2010)[2] |
| Net income | US$143M (FY 2010)[2] |
| Total assets | US$3.42B (FY 2010)[3] |
| Total equity | US$1.60B (FY 2010)[3] |
| Employees | 6,485 |
| Divisions | Commercial aircraft Business jets Fastener distribution |
| Website | http://beaerospace.com |
B/E Aerospace, Inc. (NASDAQ: BEAV) is an S&P 400 and NASDAQ listed manufacturer of aircraft cabin parts, including passenger and crew seats, oxygen delivery systems, kitchens and lavatories for commercial airliners. Based in Wellington, Florida,[4] the company was capitalized as a $3.14 billion corporation as of 2010.[5]
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The company is a major provider of airline seats to many airlines worldwide. Some significant customers include Continental Airlines, United Airlines, Delta Air Lines, and Southwest Airlines. Some of BE Aerospace's rivals in the airline seating industry include Weber Aircraft LLC in Gainesville, Texas, Sicma Aeroseat in France, Recaro in Germany, and Aviointeriors in Italy. In the Business Jet Seating segment, BE Aerospace's main competitors are United Technologies Corporation's Decrane Aircraft Seating in Peshtigo, Wisconsin and PAC Seating Systems in Palm City, Florida.
The company produces seats ranging from a fixed shell economy class seat to a first class full-flat suite for airliners, and others for the business jet market.
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[6] 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.[7]