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B/E Aerospace Inc (BEAV.OQ)

BEAV.OQ on NASDAQ Stock Exchange Global Select Market

64.57USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

B/E Aerospace stockholders approve merger with Rockwell Collins
Thursday, 9 Mar 2017 02:00pm EST 

B/E Aerospace Inc : B/E Aerospace stockholders approve merger with Rockwell Collins .Merger is expected to close during spring of 2017.  Full Article

Rockwell Collins' shareowners vote in favor of B/E Aerospace acquisition
Thursday, 9 Mar 2017 02:00pm EST 

Rockwell Collins Inc : Rockwell Collins' shareowners vote strongly in favor of B/E Aerospace acquisition .More than 90 percent of votes cast at shareholder special meeting voting supported acquisition of B/E Aerospace.  Full Article

B/E Aerospace says awarded super first class seating contract
Wednesday, 31 Aug 2016 01:30pm EDT 

: b/e aerospace awarded super first class seating contract; initially valued at $450 million including option aircraft .b/e aerospace inc says initial deliveries are expected to begin in late 2017.  Full Article

B/E Aerospace Q2 earnings per share $0.84
Tuesday, 26 Jul 2016 02:00am EDT 

B/E Aerospace Inc : B/E Aerospace reports second quarter results; revenues up 7%, EPS up 12%; raises both 2016 financial guidance and 2017 outlook . Raised both its full year guidance for 2016 and its outlook for 2017 . Net earnings per share are expected to be approximately $3.25 per diluted share in 2016 . Bookings during q2 of 2016 were approximately $755 million and book-to-bill ratio was approximately 1 to 1 . Q2 earnings per share $0.84 . Q2 earnings per share view $0.82 -- Thomson Reuters I/B/E/S . Sees FY revenue up about 5 percent . Q2 revenue $753 million versus i/b/e/s view $713.1 million . Expect to use approximately an additional $75 million for share repurchases, for a total of about $150 million for full year . Operating margin is expected to be in excess of 18 percent in 2016 .As of June 30, 2016, backlog was approximately $3.3 billion, while awarded but unbooked backlog was approximately $5.6 billion.  Full Article

U.S. sues B/E Aerospace Inc unit for falsely claiming women-owned status - Reuters
Sunday, 4 Oct 2015 08:00pm EDT 

B/E Aerospace Inc:An aerospace supply chain manager that was acquired by B/E Aerospace Inc in 2012 was sued by the U.S. government on Monday for misrepresenting itself as a woman-owned small business in order to obtain defense contracts - Reuters.In a lawsuit filed in Manhattan federal court, the Justice Department said UFC Aerospace LLC and its former president, Douglas Davis, violated the federal False Claims Act by making its claims, in order to earn $48 million as a subcontractor - Reuters.Those misrepresentations, the lawsuit said, provided UFC "a competitive advantage in obtaining these lucrative contracts," according to the lawsuit - Reuters.The lawsuit was originally filed under seal in 2012 by a purported whistleblower. Manhattan U.S. Attorney Preet Bharara's office formally intervened on Monday - Reuters.B/E Aerospace acquired New York-based UFC in 2012 for $400 million. A B/E spokesman did not respond to a request for comment. A lawyer for Davis could not be immediately identified - Reuters.Under a federal law passed in 2000 targeting gender representation contracting, a company had to be 51 percent owned by women and be managed and controlled by women in order to constituted a woman-owned small business - Reuters.According to the lawsuit, UFC in 2001 began claiming to be women-owned by listing two female members of the Davis family as the majority owners of UFC's stock in their roles as trustees to two trusts and by saying both were company officers.  Full Article

B/E Aerospace to take $30 million after-tax charge in third quarter associated with cost reduction initiatives
Wednesday, 16 Sep 2015 07:00am EDT 

B/E Aerospace, Inc:To take $30 million after-tax charge in third quarter associated with cost reduction initiatives.Says plans to close several facilities, consolidate certain product lines and reduce headcount by approximately 450 employees.Continue to expect 2015 revenues and net earnings per diluted share to be approximately $2.8 billion and approximately $3.03 per share.Says continue to expect 2016 revenues to be one to two percent higher as compared with 2015.Says initiatives are expected to reduce costs,improve efficiencies, necessary due to slower revenue growth expected in 2015 and 2016.  Full Article

B/E Aerospace board of directors declares quarterly dividend
Friday, 31 Jul 2015 07:00am EDT 

B/E Aerospace:Board of Directors declared a quarterly dividend of $0.19 per outstanding share of the Company's common stock.Payable on September 11.Record date as on August 17.  Full Article

B/E Aerospace Inc reaffirms FY 2015 guidance
Wednesday, 22 Jul 2015 02:00am EDT 

B/E Aerospace Inc:Says that it expects FY 2015 revenues to be about $2.8 billion.Sees FY 2015 net earnings per share to be about $3.03 per diluted share.  Full Article

B/E Aerospace declares quarterly dividend
Friday, 1 May 2015 08:30am EDT 

B/E Aerospace Inc:Declares a quarterly dividend of $0.19 per outstanding share of the Company's common stock.Payable on July 6 to shareholders of record at the close of business on May 18.  Full Article

B/E Aerospace Inc raises FY 2015 EPS outlook, sees revenue outlook at low end of prior outlook
Thursday, 23 Apr 2015 02:00am EDT 

B/E Aerospace Inc:Now expects FY 2015 revenues to be about $2.8 billion reflecting lower than expected revenues from Russian and defense related end markets and negative impact from Euro denominated sales.This represents the lower end of the $2.8 to $2.9 billion prior revenue guidance and reflects high single-digit revenue growth as compared with the prior year.FY 2015 earnings per share to be about $3.03 per diluted share or about 21 pct higher than FY 2014 adjusted earnings per diluted share.FY 2015 revenue of $2.9 bln, EPS of $3.11 - Thomson Reuters I/B/E/S.  Full Article

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