Nasdaq: BEAV | |
Founded | 1987 as Bach Engineering [1] |
Fate | Acquired |
Headquarters | , |
Area served | Global |
Key people | Amin Khoury, founder and Chairman |
Products | Commercial & Business Jet Cabin Interior Products |
Revenue | US$2.933 billion (2016) [2] |
US$506.6 million (2016) [2] | |
US$311.1 million (2016) [2] | |
Total assets | US$4.41 billion (2016) [2] |
Total equity | US$1.875B (FY 2011) [3] |
Owner | Rockwell Collins Inc. |
Number of employees | 10,057 [4] |
Divisions | Commercial Aircraft Business Jets |
Website | http://beaerospace.com |
B/E Aerospace, Inc. was a manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets. B/E Aerospace had leading worldwide market shares in all of its major product lines and served 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, the company was capitalized as a $4.2 billion corporation as of January 2016. [ citation needed ]
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). [5] In December 2017, KLX split "Energy Services Group" , which now functions as KLX Energy [6] with original KLX Aerospace business acquired by Boeing.
In April 2017, it was purchased by Rockwell Collins, [7] which has since become a part of Collins Aerospace, a business of United Technologies Corporation (UTC), November 2018. In April 2020, UTC and Raytheon merged to form Raytheon Technologies (RTX).
Founded by Amin Khoury in 1987, B/E Aerospace evolved from a $3 million company to a firm with $2.6 billion in revenue, [8] making it the world's leading manufacturer of aircraft interior products and solutions for the commercial, business jet, and military markets. According to a company history, B/E's growth occurred through a combination of numerous acquisitions and internal growth.[ citation needed ]
In August 2001, B/E acquired M&M Aerospace Hardware Inc., a distributor of aerospace fasteners, for $177 million in cash and stock. [9]
On June 1, 2005, Air Canada awarded a $50 million (U.S.) contract to B/E Aerospace to upgrade seating in 143 aircraft. [10]
In June 2008, B/E announced plans to acquire Honeywell International's Consumables Solutions distribution business. [11] The acquisition was completed on July 28, 2008 for $901 million in cash and stock. B/E stated at the time: "The combined businesses are expected to generate more than 50 percent of B/E's operating earnings beginning in 2009." [12] [13]
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.[ citation needed ]
The company was a major provider of airline seats to many airlines worldwide. Some significant customers included 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, China Southern Airlines, Delta Air Lines, KLM, Qatar Airways, Thai Airways, United Airlines, Virgin Australia and Xiamen 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, STELIA Aerospace in France, Geven in Italy, Recaro in Germany, Expliseat in France and Aviointeriors in Italy.[ citation needed ]
In the business jet seating segment, B/E Aerospace's main competitors were United Technologies Corporation's Decrane Aircraft Seating in Peshtigo, Wisconsin, Iacobucci in Italy, and PAC Seating Systems in Palm City, Florida.[ citation needed ]
B/E Aerospace also manufactured beverage makers, ovens, oxygen systems, lavatories and interior lighting for commercial aircraft and business jets. [14] B/E Aerospace's Interior Structures division based in Leighton Buzzard UK, manufactures and supplies galley monuments for the Airbus A350.
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 [15] 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. [16]
In April 2017, B/E Aerospace was acquired by the avionics and aircraft connectivity provider Rockwell Collins for $6.4 billion. [7] Based in Cedar Rapids, Iowa, Rockwell Collins competes with Honeywell and more recently with Garmin. Through this transaction, 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. [17] As a result of the acquisition, a newly created direct or indirect subsidiary of Rockwell Collins, Quarterback Merger Sub Corp., merged with and into B/E Aerospace, with the latter surviving the merger as a direct or indirect subsidiary of Rockwell Collins. [18]
Rockwell Collins filed for regulatory approval for the acquisition of B/E Aerospace before the Philippine Competition Commission since the latter has a branch in the Philippines operating a manufacturing plant in Tanauan, Batangas. [18]
Rockwell International was a major American manufacturing conglomerate involved in aircraft, the space industry, defense and commercial electronics, components in the automotive industry, printing presses, avionics and industrial products. At its peak, Rockwell International was No. 27 on the Fortune 500 list, with assets of over $8 billion, sales of $27 billion and 115,000 employees.
An airliner is a type of airplane for transporting passengers and air cargo. Such aircraft are most often operated by airlines. The modern and most common variant of the airliner is a long, tube shaped, and jet powered aircraft. The largest of them are wide-body jets which are also called twin-aisle because they generally have two separate aisles running from the front to the back of the passenger cabin. These are usually used for long-haul flights between airline hubs and major cities. A smaller, more common class of airliners is the narrow-body or single-aisle. These are generally used for short to medium-distance flights with fewer passengers than their wide-body counterparts.
An aerospace manufacturer is a company or individual involved in the various aspects of designing, building, testing, selling, and maintaining aircraft, aircraft parts, missiles, rockets, or spacecraft. Aerospace is a high technology industry.
Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial, and military applications. Aerospace engineering consists of aeronautics and astronautics. Aerospace organizations research, design, manufacture, operate, or maintain both aircraft and spacecraft.
Fairchild was an American aircraft and aerospace manufacturing company based at various times in Farmingdale, New York; Hagerstown, Maryland; and San Antonio, Texas.
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building automation, performance materials and technologies (PMT), and safety and productivity solutions (SPS). Honeywell is a Fortune 500 company, ranked 115th in 2023. In 2023, the corporation had a global workforce of approximately 95,000 employees. The current chairman is Darius Adamczyk and the chief executive officer (CEO) is Vimal Kapur.
The Boeing 787 Dreamliner is an American wide-body airliner developed and manufactured by Boeing Commercial Airplanes. After dropping its unconventional Sonic Cruiser project, Boeing announced the conventional 7E7 on January 29, 2003, which focused largely on efficiency. The program was launched on April 26, 2004, with an order for 50 aircraft from All Nippon Airways (ANA), targeting a 2008 introduction. On July 8, 2007, a prototype 787 without major operating systems was rolled out; subsequently the aircraft experienced multiple delays, until its maiden flight on December 15, 2009. Type certification was received in August 2011, and the first 787-8 was delivered in September 2011 before entering commercial service on October 26, 2011, with ANA.
The McDonnell DouglasT-45 Goshawk is a highly modified version of the British BAE Systems Hawk land-based training jet aircraft. Manufactured by McDonnell Douglas and British Aerospace, the T-45 is used by the United States Navy as an aircraft carrier-capable trainer.
Rockwell Collins was a multinational corporation headquartered in Cedar Rapids, Iowa, providing avionics and information technology systems and services to government agencies and aircraft manufacturers. It was formed when the Collins Radio Company, facing financial difficulties, was purchased by Rockwell International in 1973. In 2001, the avionics division of Rockwell International was spun off to form the current Rockwell Collins, Inc., retaining its name.
Aeronautical Radio, Incorporated (ARINC), established in 1929, was a major provider of transport communications and systems engineering solutions for eight industries: aviation, airports, defense, government, healthcare, networks, security, and transportation. ARINC had installed computer data networks in police cars and railroad cars and also maintains the standards for line-replaceable units.
Safran S.A. is a French multinational aerospace and defense corporation that designs, develops and manufactures aircraft engines, helicopter engines, spacecraft propulsion systems as well as various other aerospace and military equipment. The company arose in 2005 through a merger between SNECMA and defense electronics specialist SAGEM. Safran's acquisition of Zodiac Aerospace in 2018 significantly expanded its aeronautical activities.
Collins Aerospace is an American technology company that is one of the world's largest suppliers of aerospace and defense products. Headquartered in Charlotte, North Carolina, it is a subsidiary of RTX Corporation.
An airline seat is a seat on an airliner in which passengers are accommodated for the duration of the journey. Such seats are usually arranged in rows running across the airplane's fuselage. A diagram of such seats in an aircraft is called an aircraft seat map.
Precision Castparts Corp. is an American industrial goods and metal fabrication company that manufactures investment castings, forged components, and airfoil castings for use in the aerospace, industrial gas turbine, and defense industries. In 2009 it ranked 362nd on the Fortune 500 list, and 11th in the aerospace and defense industry. In 2015 it ranked 322nd overall and 9th in the aerospace and defense industry. In 2014 it ranked 133rd on the S&P 500 based on market capitalization. In January 2016, the company became a wholly owned subsidiary of Berkshire Hathaway. Before that event, it used to be one of the three Fortune 500 companies headquartered in Oregon.
The Bombardier CRJ700 series is a family of regional jet airliners that were designed and manufactured by Canadian transportation conglomerate Bombardier. Officially launched in 1997, the CRJ700's maiden flight took place on 27 May 1999; it was soon followed by the stretched CRJ900 variant. Several additional variants of the type were subsequently introduced, including the elongated CRJ1000 and the CRJ550 and CRJ705, which were modified to comply with scope clauses. The CRJ program was acquired by the Japanese corporation Mitsubishi Heavy Industries in 2020, which ended production of the aircraft.
Honeywell Aerospace Technologies is a manufacturer of aircraft engines and avionics, as well as a producer of auxiliary power units (APUs) and other aviation products. Headquartered in Phoenix, Arizona, it is a division of the Honeywell International conglomerate. It generates approximately $10 billion in annual revenue from a 50/50 mix of commercial and defense contracts.
Amin J. Khoury is an American businessman who has founded and developed companies in the scientific instrument, medical services, medical devices and semiconductor process equipment businesses. He co-founded B/E Aerospace, an S&P 400 and NASDAQ listed manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets that employs approximately 9,600 people.
This is a list of aviation-related events in 2018.
This is the history of American aerospace manufacturing company Boeing.
RTX Corporation, formerly Raytheon Technologies Corporation, is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services. In 2023, the company's seat in Forbes Global 2000 was 79. RTX manufactures aircraft engines, avionics, aerostructures, cybersecurity solutions, guided missiles, air defense systems, satellites, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government.