BE Aerospace New Awards

B/E Aerospace was awarded 2 new contracts yesterday for their lavatory oxygen systems. The contracts were awarded by Boeing and Airbus. They will be utilized on all narrow bodied planes currently in production beginning in 2014. Additionally, the system will be available for retrofit on older narrow body planes beginning in 2014. The contracts are for approximately $100 million each. We continue to maintain our BUY rating on B/E Aerospace (BEAV).