WELLINGTON, Fla.--(BUSINESS WIRE)--Dec. 17, 2014--
B/E Aerospace, Inc. (“B/E Aerospace”) (NASDAQ: BEAV), the world’s
leading manufacturer of aircraft cabin interior products, today
announced that it has completed the previously announced spin-off of KLX
Inc. ("KLX") (NASDAQ: KLXI) from B/E Aerospace. At 11:59 p.m. Eastern
time on December 16, 2014, B/E Aerospace distributed all outstanding
shares of KLX common stock to B/E Aerospace shareholders at a
distribution ratio of one share of KLX common stock for every two shares
of B/E Aerospace common stock held on the December 5, 2014 record date.
Starting today, December 17, 2014, B/E Aerospace common stock will no
longer include the value of KLX.
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve risks and uncertainties. B/E
Aerospace’s actual experience and results may differ materially from the
experience and results anticipated in such statements. Factors that
might cause such a difference include those discussed in B/E Aerospace’s
filings with the Securities and Exchange Commission (SEC), which include
its Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. For more information, see the
section entitled “Forward-Looking Statements” contained in B/E
Aerospace’s Annual Report on Form 10-K and in other filings. The
forward-looking statements included in this news release are made only
as of the date of this news release and, except as required by federal
securities laws and rules and regulations of the SEC, B/E Aerospace
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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.
Source: B/E Aerospace, Inc.
Greg Powell, 561-791-5000 ext. 1450
President, Investor Relations