B/E Aerospace, Inc. (NASDAQ: BEAV), the world’s leading
manufacturer of aircraft cabin interior products, today announced
that United Airlines is expanding the transformation of their
customer experience with major investments in best-in-class economy
seating innovation. B/E Aerospace is pleased to announce the
selection of the latest B/E Aerospace economy class seating
platforms – Aspire, selected for the 787-10 and A350, as well as
777-200 retrofits and Meridian, selected for the next generation
737 MAX 9.
“Our collaborative and customized work with United Airlines on
these latest, new generation Economy products are being tailored
for United by B/E Aerospace to incorporate industry leading seat
amenities, maximized passenger living space, B/E’s proprietary
comfort system and the latest United Airlines cabin brand
initiatives,” says Werner Lieberherr, President and COO of B/E
Aerospace.
The Aspire product line features more passenger living space
with an increase in seat width over current generation seats. A key
feature of the Aspire patented comfort system is an advanced
kinematic mechanism that cradles the passenger during recline while
preserving maximum living space for each passenger. Aspire also
incorporates added under seat stowage and greater passenger living
space due to the proprietary seat frame and leg structure.
Passenger amenities combine the latest new generation Panasonic
high definition monitor for In Flight Entertainment, a mid-level
literature pocket combined with a full width single piece food
tray, aft facing PC Power on all seat assemblies and ergonomic
adjustable headrests.
Meridian, B/E Aerospace’s latest new generation passenger
seating platform for narrow body aircraft, will launch on United’s
737 MAX 9 aircraft planned for delivery in 2018. Meridian is
already an industry leader, with over 200,000 pax sold in its
launch year, outselling Pinnacle™, the industry’s current number
one narrow body platform, featuring more width for every passenger.
This advancement in seat design provides “more room around you”™
which translates to more living space both side-to-side and forward
and aft. Meridian is a fully featured class leading light weight
seat. The weight savings over current generation seating supports
the airline’s ability to add passenger enhancing comfort amenities.
Meridian’s in-back tablet holder will accommodate personal devices
and will include PC Power on all seat assemblies. Longer flight
comfort is enhanced with B/E’s patented Crystal Flex™ bottom
diaphragm technology – an industry-leading feature for maximized
comfort on B/E’s seating products. Meridian’s full headrest tops
off the seat’s comfort features.
Both seat products incorporate United’s latest brand themes and
styling developed by PreistmanGoode and B/E Aerospace’s Design
Group, and will be elegantly coordinated with United’s new cabin
branding schemes.
“We selected B/E’s Aspire and Meridian cabin seating with our
customers in mind,” said Mark Krolick, vice president of marketing
at United. “Our customers tell us they want comfort and space and
these seats will help us deliver on our commitment to create a
pleasant flying experience.”
About United
United Airlines and United Express operate more than 4,500
flights a day to 339 airports across five continents. In 2016,
United and United Express operated more than 1.6 million flights
carrying more than 143 million customers. United is proud to have
the world's most comprehensive route network, including U.S.
mainland hubs in Chicago, Denver, Houston, Los Angeles, New
York/Newark, San Francisco and Washington, D.C. United operates 737
mainline aircraft and the airline’s United Express partners operate
483 regional aircraft. The airline is a founding member of Star
Alliance, which provides service to 192 countries via 28 member
airlines. For more information, visit united.com, follow @United on
Twitter or connect on Facebook. The common stock of United's
parent, United Continental Holdings, Inc., is traded on the NYSE
under the symbol “UAL”.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft
cabin interior products. 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 systems, oxygen systems, food and
beverage preparation and storage equipment, galley systems, and
modular lavatory systems. B/E Aerospace also provides cabin
interior reconfiguration, program management and certification
services. 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 website at
www.beaerospace.com.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains “forward-looking” statements as that
term is defined in Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995,
including statements regarding the proposed acquisition of B/E
Aerospace by Rockwell Collins. All statements, other than
historical facts, including statements regarding the expected
timing of the closing of the proposed transaction; the ability of
the parties to complete the proposed transaction considering the
various closing conditions; the expected benefits of the proposed
transaction such as improved operations, enhanced revenues and cash
flow, growth potential, market profile and financial strength; the
competitive ability and position of the combined company following
completion of the proposed transaction; and any assumptions
underlying any of the foregoing, are forward-looking statements.
Forward-looking statements concern future circumstances and results
and other statements that are not historical facts and are
sometimes identified by the words “may,” “will,” “should,”
“potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,”
“estimate,” “overestimate,” “underestimate,” “believe,” “could,”
“project,” “predict,” “continue,” “target” or other similar words
or expressions. Forward-looking statements are based upon current
plans, estimates and expectations that are subject to risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated
or anticipated by such forward-looking statements. The inclusion of
such statements should not be regarded as a representation that
such plans, estimates or expectations will be achieved. Important
factors that could cause actual results to differ materially from
such plans, estimates or expectations include, among others, (1)
that one or more closing conditions to the transaction, including
certain regulatory approvals, may not be satisfied or waived, on a
timely basis or otherwise, including that a governmental entity may
prohibit, delay or refuse to grant approval for the consummation of
the proposed transaction, may require conditions, limitations or
restrictions in connection with such approvals or that the required
approval by the stockholders of each of Rockwell Collins and B/E
Aerospace may not be obtained; (2) the risk that the proposed
transaction may not be completed in the time frame expected by
Rockwell Collins or B/E Aerospace, or at all; (3) unexpected costs,
charges or expenses resulting from the proposed transaction; (4)
uncertainty of the expected financial performance of the combined
company following completion of the proposed transaction; (5)
failure to realize the anticipated benefits of the proposed
transaction, including as a result of delay in completing the
proposed transaction or integrating the businesses of Rockwell
Collins and B/E Aerospace; (6) the ability of the combined company
to implement its business strategy; (7) difficulties and delays in
achieving synergies and cost savings of the combined company; (8)
inability to retain and hire key personnel; (9) the occurrence of
any event that could give rise to termination of the proposed
transaction; (10) the risk that stockholder litigation in
connection with the proposed transaction may affect the timing or
occurrence of the contemplated merger or result in significant
costs of defense, indemnification and liability; (11) evolving
legal, regulatory and tax regimes; (12) changes in general economic
and/or industry specific conditions; and (13) other risk factors as
detailed from time to time in Rockwell Collins’ and B/E Aerospace’s
reports filed with the SEC, including Rockwell Collins’ and B/E
Aerospace’s respective annual reports on Form 10-K, periodic
quarterly reports on Form 10-Q, periodic current reports on Form
8-K and other documents filed with the SEC. Any forward-looking
statements speak only as of the date of this communication. Neither
Rockwell Collins nor B/E Aerospace undertakes any obligation to
update any forward-looking statements, whether as a result of new
information or development, future events or otherwise, except as
required by law. Readers are cautioned not to place undue reliance
on any of these forward-looking statements.
No Offer or Solicitation
This communication is for informational purposes only and not
intended to and does not constitute an offer to subscribe for, buy
or sell, the solicitation of an offer to subscribe for, buy or sell
or an invitation to subscribe for, buy or sell any securities or
the solicitation of any vote or approval in any jurisdiction
pursuant to or in connection with the proposed transaction or
otherwise, nor shall there be any sale, issuance or transfer of
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, and otherwise in accordance with
applicable law.
Additional Information and Where to Find It
The proposed transaction involving Rockwell Collins and B/E
Aerospace was approved by the respective stockholders of Rockwell
Collins and B/E Aerospace. In connection with the proposed
transaction, Rockwell Collins filed a registration statement on
Form S-4 that included a joint proxy statement/prospectus for the
stockholders of Rockwell Collins and B/E Aerospace with the SEC.
The registration statement was declared effective by the SEC on
February 3, 2017, and a definitive joint proxy statement/prospectus
has been filed with the SEC on February 3, 2017. Each of Rockwell
Collins and B/E Aerospace mailed the definitive joint proxy
statement/prospectus to their respective stockholders and, may file
other documents regarding the transaction with the SEC. INVESTORS
AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR
ENTIRETY THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS, ANY
AMENDMENTS OR SUPPLEMENTS TO THE DEFINITIVE JOINT PROXY
STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY ROCKWELL COLLINS
OR B/E AEROSPACE WITH THE SEC IN CONNECTION WITH THE PROPOSED
TRANSACTION, BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION.
Investors and security holders are able to obtain free copies of
the definitive joint proxy statement/prospectus and other documents
filed with the SEC by Rockwell Collins and/or B/E Aerospace through
the website maintained by the SEC at www.sec.gov. Investors and
security holders are also able to obtain free copies of the
documents filed by Rockwell Collins with the SEC on Rockwell
Collins’ internet website at http://www.rockwellcollins.com or by
contacting Rockwell Collins’ Investor Relations at Rockwell
Collins, 400 Collins Rd. NE, Cedar Rapids, IA 52498 or by calling
(319) 295-7575. Investors and security holders are also able to
obtain free copies of the documents filed by B/E Aerospace with the
SEC on B/E Aerospace’s internet website at
http://www.beaerospace.com or by contacting B/E Aerospace’s
Investor Relations at B/E Aerospace, Inc., 1400 Corporate Center
Way, Wellington, FL or by calling (561) 791-5000.
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version on businesswire.com: http://www.businesswire.com/news/home/20170403006545/en/
B/E Aerospace, Inc.Greg Powell, 561-791-5000 ext. 1450Vice
President, Investor Relations
B/E Aerospace, Inc. (NASDAQ:BEAV)
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