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Stock Market & Financial Investment News

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December 10, 2012
05:27 EDTBEAVBE Aerospace announces awards initially valued at $250M
BE Aerospace announced that it has been awarded four major aircraft cabin interior programs. The first of these is a lie-flat business class seating program to outfit a major international airline's new-buy Boeing 787 fleet. In addition, BE Aerospace will provide retrofit LED lighting for this same airline's Boeing 737, 767 and 777 aircraft. The second is a full cabin interior retrofit program to outfit a major global airline's long haul aircraft with lie-flat business class seating, Pinnacle main cabin seating, and LED lighting. The third award includes a business class seating program, a Pinnacle main cabin seating program and a comprehensive food and beverage preparation and storage equipment program to outfit new-buy wide-body aircraft for a major Chinese airline. Finally, BE Aerospace has won a Pinnacle main cabin seating program and a comprehensive food and beverage preparation and storage equipment program to outfit a Russian airline's new-buy 737 and A320 aircraft. These awards are initially valued at approximately $250M.
News For BEAV From The Last 14 Days
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February 26, 2015
07:12 EDTBEAVUBS to hold a conference
Aerospace & Defense, Airlines & Lessors 1:1 Conference is being held in Boston on February 26.
February 23, 2015
06:51 EDTBEAVAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.

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