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 | US$2.5B (FY 2011) |
Operating income
|
US$428M (FY 2011) |
Net income
|
US$228M (FY 2011) |
Total assets | US$3.84B (FY 2011) |
Total equity | US$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.
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
In BEAV 27 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 4.70M |
BlackRock Institutional Trust Company, N.A. | 3.20M |
BlackRock Group LTD | 0.67M |
RUSSELL FRANK CO/ | 0.59M |
Apex Capital Management | 0.53M |
BlackRock Investment Management, LLC | 0.36M |
MANAGED ACCOUNT ADVISORS LLC | 0.28M |
BLACKROCK ADVISORS LLC | 0.15M |
Loeb Offshore Management LP | 0.14M |
BlackRock Japan Co. Ltd | 0.12M |
CONCORD ASSET MANAGEMENT LLC | 70620 |
CATAPULT CAPITAL MANAGEMENT LLC | 69426 |
Condorcet Global Opportunity Fund, LLC | 68156 |
Spot Trading L.L.C | 45459 |
GRUBER & MCBAINE CAPITAL MANAGEMENT LLC | 37975 |
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 / |