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B/E Aerospace, Inc.
Fate Acquired
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 IncreaseUS$2.5B (FY 2011)
Operating income
IncreaseUS$428M (FY 2011)
Net income
IncreaseUS$228M (FY 2011)
Total assets IncreaseUS$3.84B (FY 2011)
Total equity IncreaseUS$1.875B (FY 2011)
Owner Rockwell Collins Inc.
Number of employees
10,057
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 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 in April 2017 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, Expliseat in France and Aviointeriors in Italy.

In the Business Jet Seating segment, B/E Aerospace's main competitors are United Technologies Corporation's Decrane Aircraft Seating in Peshtigo, Wisconsin, Iacobucci in Italy, and PAC Seating Systems in Palm City, Florida.

B/E Aerospace also manufactures beverage makers, ovens, oxygen systems, lavatories and interior lighting for commercial aircraft and business jets. 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 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.

Rockwell Collins, a manufacturer and supplier of aviation and integrated solutions for both commercial and government applications, filed for regulatory approval for its intended 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.

As a result of the acquisition, a newly created direct or indirect subsidiary of Rockwell Collins, Quarterback Merger Sub Corp., will merge with and into B/E Aerospace, with the latter surviving the merger as a direct or indirect subsidiary of Rockwell Collins.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2017 2017-07-23 Future report Set alerts
Q1 2017 2017-04-24 Future report Set alerts
Q4 2016 2017-02-10 0.80 0.60
Q3 2016 2016-10-23 0.83 0.83
Q2 2016 2016-07-26 0.84 0.84
Q1 2016 2016-04-26 0.81 0.81
Q4 2015 2016-02-02 0.81 0.81
Q3 2015 2015-10-27 0.73 0.44
Q2 2015 2015-07-22 0.75 0.75
Q1 2015 2015-04-23 0.74 0.74

Ratings

2016-06-23 Initiated Coverage Morgan Stanley Equal to Equal Weight
2016-05-26 Downgrade JPMorgan Chase & Co. Overweight to Neutral $50.00
2016-05-20 Downgrade JPMorgan Chase & Co. Overweight to Neutral $54.00 to $50.00
2016-04-27 Reiterated Rating Canaccord Genuity Buy $55.00 to $60.00
2016-04-27 Reiterated Rating RBC Capital Sector Perform $48.00 to $51.00
2016-04-27 Reiterated Rating Royal Bank Of Canada Sector Perform $48.00 to $51.00
2016-04-26 Reiterated Rating Jefferies Group Hold
2016-04-07 Reiterated Rating Bank of America Buy $50.00
2016-04-07 Reiterated Rating Bank of America Corp. Buy $50.00
2016-02-26 Lower Price Target Goldman Sachs $60.00 to $57.00
2016-02-26 Lower Price Target Goldman Sachs Group Inc. $60.00 to $57.00
2016-02-05 Reiterated Rating Bank of America Buy $59.00 to $50.00
2016-02-03 Lower Price Target Jefferies Group Hold $50.00 to $46.00
2016-02-01 Lower Price Target Canaccord Genuity Buy $60.00 to $55.00
2016-01-15 Lower Price Target Credit Suisse $59.00 to $57.00
2016-01-15 Lower Price Target Credit Suisse Group AG $59.00 to $57.00
2016-01-01 Reiterated Rating Canaccord Genuity Buy $60.00
2015-12-21 Reiterated Rating Deutsche Bank Buy $58.00 to $52.00
2015-12-21 Reiterated Rating Deutsche Bank AG Buy $58.00 to $52.00
2015-12-17 Reiterated Rating Canaccord Genuity Buy $60.00
2015-12-16 Upgrade JPMorgan Chase & Co. Neutral to Overweight $54.00
2015-11-20 Initiated Coverage Wolfe Research Outperform
2015-10-30 Upgrade Canaccord Genuity Hold to Buy $50.00 to $60.00
2015-10-29 Boost Price Target RBC Capital Sector Perform $47.00 to $48.00
2015-10-28 Reiterated Rating RBC Capital Hold
2015-10-28 Lower Price Target JPMorgan Chase & Co. Neutral $55.00 to $54.00
2015-10-28 Lower Price Target Canaccord Genuity Hold $50.00
2015-10-23 Downgrade RBC Capital Outperform to Sector Perform $62.00 to $47.00
2015-10-05 Upgrade Gabelli Hold to Buy
2015-09-17 Lower Price Target Sterne Agee CRT Buy $64.00
2015-08-13 Lower Price Target RBC Capital Outperform $63.00 to $62.00
2015-07-26 Reiterated Rating Deutsche Bank Buy $58.00
2015-07-23 Reiterated Rating Jefferies Group Hold $61.00 to $53.00
2015-07-23 Lower Price Target Cowen and Company Outperform $67.00 to $57.00
2015-07-23 Lower Price Target Canaccord Genuity Hold $65.00 to $55.00
2015-07-23 Lower Price Target RBC Capital Outperform $71.00 to $65.00
2015-07-14 Initiated Coverage JPMorgan Chase & Co. Neutral $60.00
2015-07-10 Reiterated Rating Deutsche Bank Buy $68.00 to $66.00
2015-06-30 Reiterated Rating Cowen and Company Outperform $67.00
2015-06-23 Reiterated Rating DA Davidson Buy $75.00
2015-05-01 Initiated Coverage Gabelli Hold $66.00
2015-04-24 Boost Price Target Jefferies Group Hold $55.00 to $61.00
2015-04-21 Boost Price Target Canaccord Genuity Hold $60.00 to $65.00
2015-04-15 Reiterated Rating Citigroup Inc. Buy $68.00 to $73.00
2015-03-17 Initiated Coverage CRT Capital Buy $73.00
2015-01-30 Reiterated Rating Credit Suisse Outperform
2015-01-28 Boost Price Target Canaccord Genuity Hold $55.00 to $58.00
2015-01-08 Initiated Coverage Citigroup Inc. Buy
2014-12-31 Set Price Target JPMorgan Chase & Co. Buy $60.00
2014-12-30 Initiated Coverage Citigroup Inc. Buy
2014-12-22 Set Price Target JPMorgan Chase & Co. Buy $85.00 to $60.00
2014-12-19 Reiterated Rating Deutsche Bank Buy $91.00 to $66.00
2014-12-19 Initiated Coverage Citigroup Inc. Buy $73.12 to $68.00
2014-12-17 Reiterated Rating Jefferies Group Hold $80.00 to $55.00
2014-12-17 Reiterated Rating Canaccord Genuity Hold $86.00 to $55.00
2014-12-04 Reiterated Rating Jefferies Group Hold $84.00 to $80.00
2014-12-02 Boost Price Target Credit Suisse Outperform $90.00 to $94.00
2014-12-02 Lower Price Target Oppenheimer Outperform $102.00 to $91.00
2014-12-02 Lower Price Target Oppenheimer Holdings Inc. Outperform $102.00 to $91.00
2014-11-25 Lower Price Target Canaccord Genuity Hold $93.00 to $86.00
2014-11-24 Reiterated RBC Capital Mkts Outperform $97 to $87
2014-11-24 Reiterated Rating Deutsche Bank Buy $91.00
2014-11-24 Lower Price Target RBC Capital Outperform $97.00 to $87.00
2014-11-03 Reiterated Rating CRT Capital Buy $102.00 to $94.00
2014-10-30 Reiterated Rating Jefferies Group Hold $96.00 to $84.00
2014-10-28 Reiterated Rating Credit Suisse Outperform $100.00 to $90.00
2014-10-23 Reiterated Rating JPMorgan Chase & Co. Overweight $97.00 to $90.00
2014-10-23 Lower Price Target Deutsche Bank Buy $96.00 to $91.00
2014-10-23 Lower Price Target RBC Capital Outperform $112.00 to $97.00
2014-10-23 Reiterated Rating Goldman Sachs Buy
2014-10-20 Lower Price Target Canaccord Genuity Hold $98.00 to $93.00
2014-09-29 Reiterated Rating KeyBanc Buy
2014-09-29 Reiterated Rating KeyCorp Buy
2014-09-16 Upgrade JPMorgan Chase & Co. Neutral to Overweight $96.00 to $97.00
2014-09-09 Lower Price Target CRT Capital Buy $106.00 to $102.00
2014-09-05 Reiterated Rating Credit Suisse Outperform $103.00 to $100.00
2014-09-05 Reiterated Rating Credit Agricole Outperform $103.00 to $100.00
2014-09-05 Upgrade Deutsche Bank Hold to Buy $95.00 to $96.00
2014-09-05 Reiterated Rating Credit Agricole SA Outperform $103.00 to $100.00
2014-09-03 Reiterated Rating Jefferies Group Hold $97.00 to $96.00
2014-08-14 Reiterated Rating Cowen and Company Outperform $104.00 to $93.00
2014-08-01 Boost Price Target CRT Capital Buy $100.00 to $106.00
2014-07-24 Boost Price Target RBC Capital Outperform $112.00 to $120.00
2014-07-11 Boost Price Target Citigroup Inc. Buy $102.00 to $109.00
2014-07-09 Reiterated Rating Deutsche Bank Hold $94.00 to $95.00
2014-06-23 Downgrade Goldman Sachs Conviction-Buy to Buy
2014-06-11 Boost Price Target Topeka Capital Markets Buy $108.00 to $111.00
2014-06-11 Reiterated FBR Capital Outperform $90 to $103
2014-06-11 Downgrade Canaccord Genuity Buy to Hold $100.00 to $98.00
2014-06-11 Downgrade Morgan Stanley Overweight $105.00
2014-06-11 Downgrade Jefferies Group Buy to Hold $107.00 to $97.00
2014-06-11 Boost Price Target FBR & Co. Outperform $90.00 to $103.00
2014-06-10 Reiterated Rating KeyBanc Positive
2014-06-10 Boost Price Target Cowen and Company $95.00 to $104.00
2014-05-13 Reiterated Rating RBC Capital Outperform $112.00
2014-05-13 Downgrade JPMorgan Chase & Co. Overweight to Neutral $95.00
2014-05-05 Boost Price Target Sterne Agee CRT $10.00 to $121.00
2014-05-05 Boost Price Target RBC Capital Outperform $102.00 to $112.00
2014-05-05 Boost Price Target Jefferies Group $95.00 to $107.00
2014-04-24 Boost Price Target Canaccord Genuity $98.00 to $100.00
2014-04-24 Boost Price Target Oppenheimer $100.00
2014-04-23 Reiterated Rating DA Davidson Buy $110.00
2014-04-03 Boost Price Target KeyBanc Buy $108.00
2014-03-21 Boost Price Target Goldman Sachs Buy $98.00 to $106.00
2014-02-05 Boost Price Target CRT Capital Buy $85.00 to $100.00
2014-01-31 Boost Price Target JPMorgan Chase & Co. $93.00 to $95.00
2014-01-21 Initiated Coverage Topeka Capital Markets Buy
2013-12-23 Upgrade Ned Davis Research Neutral to Buy
2013-12-17 Boost Price Target Deutsche Bank Hold $77.00 to $94.00
2013-11-26 Boost Price Target DA Davidson $95.00 to $105.00
2013-11-22 Boost Price Target Sterne Agee CRT $88.00 to $111.00
2013-11-03 Reiterated Rating Sterne Agee CRT Buy $88.00
2013-10-29 Boost Price Target Oppenheimer Outperform $79.00 to $87.00
2013-10-28 Boost Price Target Jefferies Group Buy $85.00 to $95.00
2013-10-24 Boost Price Target Sterne Agee CRT Buy $80.00 to $88.00
2013-10-24 Boost Price Target RBC Capital Outperform $83.00 to $88.00
2013-10-24 Boost Price Target JPMorgan Chase & Co. Overweight $73.00 to $82.00
2013-10-24 Boost Price Target Cowen and Company Outperform $83.00 to $88.00
2013-10-24 Reiterated Rating Deutsche Bank Hold $73.00
2013-10-24 Boost Price Target FBR & Co. Outperform $80.00 to $83.00
2013-10-10 Initiated Coverage Canaccord Genuity Buy $88.00
2013-10-09 Boost Price Target Deutsche Bank Hold $72.00 to $73.00
2013-09-16 Initiated Coverage Citigroup Inc. Buy $87.00
2013-09-03 Reiterated CRT Capital Buy $71 to $85
2013-07-24 Reiterated RBC Capital Mkts Outperform $76 to $83
2013-07-24 Reiterated FBR Capital Outperform $65 to $80
2013-04-23 Reiterated FBR Capital Outperform $55 to $65
2013-04-23 Reiterated Deutsche Bank Hold $61 to $63
2013-03-27 Reiterated UBS Buy $55 to $67
2012-11-21 Initiated Imperial Capital Outperform $56
2012-04-11 Reiterated Deutsche Bank Buy $50 to $53
2012-03-13 Reiterated FBR Capital Outperform $47 to $55
2012-02-02 Reiterated RBC Capital Mkts Outperform $53 to $55
2011-09-19 Initiated KeyBanc Capital Mkts Buy $39
2011-07-26 Reiterated RBC Capital Mkts Top Pick $48 to $56
2011-07-20 Initiated BB&T Capital Mkts Buy $50
2016-06-23 Initiated Coverage Morgan Stanley Equal to Equal Weight
2016-05-26 Downgrade JPMorgan Chase & Co. Overweight to Neutral $50.00
2016-05-20 Downgrade JPMorgan Chase & Co. Overweight to Neutral $54.00 to $50.00
2016-04-27 Reiterated Rating Canaccord Genuity Buy $55.00 to $60.00
2016-04-27 Reiterated Rating RBC Capital Sector Perform $48.00 to $51.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
COWART JIM C 0.11%  (112134) BEAV /
Sharpe Richard M Vice President & GM 0.03%  (34319) BEAV /
Exton Wayne Vice President & GM 0.03%  (32479) BEAV /
Chadwell Charles L 0.02%  (21027) BEAV / SPR /
KHOURY ROBERT J 0.01%  (12606) BEAV /
MCCAFFREY THOMAS P Sr. VP & CFO 0.01%  (9616) BEAV /

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