BE Aerospace, SANTA ANA

Nature of Business: Designs, manufactures, sells, services entertainment systems, seating, and galley structures for commercial aircraft.

Total emloyees: 1,300

In Orange County: 200

Stock Listing in The Times: On NASDAQ as “BEAero”

Ticker Symbol: “BEAV”

Friday’s Close: $11.625

One-week change: Up $.375

Analyst Review: “When you think of the old narrow body planes such as the DC9s or 727s, most of have no entertainment systems and small galleys because the craft was designed for shorter flights. But there is a significant trend in the airline industry toward international travel and wide body aircraft with elaborate entertainment systems, galleys and more business and first class seating. That trend favors BE Aerospace--it has a synergy of all three of those businesses. BEA is also in various stages of delivering its new video systems to Cathay, Singapore and British Airways. These are the three most profitable airlines in the world. We have a buy on the stock. The company should earn $1.10 a share in 1993, and grow earnings by at least 25% a year for the next five years.”

Phil Friedman, analyst, Morgan Stanley, New York

SALES VS. PROFITS

(Dollar amounts in millions)

Fiscal year ending July 29 July 28 Feb. 29 1st Qtr. 1st Qtr. 1990 1991 1992* 1992 1993 Net Sales $22.9 $24.3 $12.2 $6.8 $45.1 Net Profit (Loss) $1.6 $4.7 ($3.3) $1.4 $2.4

Corporate Outlook: “During the last several months, BE Aerospace completed three significant acquisitions, adding important new product lines, and won substantial new orders for our new individual-seat video systems. BEA stands on the threshold of a new beginning, poised to participate in, and prosper from the anticipated industry consolidation. We have the largest installed base, the broadest product line and the largest technical and customer support organization in the business.”

--Amin J. Khoury, chairman/CEO

RETURN ON INVESTMENT: 3-YEAR SUMMARY AND YEAR-TO-DATE

Fiscal year ending July 29 July 28 Feb. 29 1st. Qtr 1st Qtr. 1990 1991 1992* 1992 1993 52-Week High $10.75 $16.75 $15.75 $16.50 $14.25 52-Week Low $6.50 $4.75 $8.50 $8.50 $10.75 Price Per Share $10.00 $14.00 $14.00 $15.25 $11.25 Net Earnings (Loss) Per Share $0.29 $0.65 ($0.18) $0.19 $0.22 Price-to-Earnings Ratio 34:1 22:1 N/A 20:1 13:1 Avg. Return on Investor Equity 10% 21% N/A 25% 15%

* Figures are for seven months. The company changed its year end from July to February upon the acquisition of PTC Aerospace Inc. and Aircraft Products Co.; factoring in revenue from the acquisitons, BE Aerospace’s sales would be $126.8 million with profits of $8.7 million.

Source: BE Aerospace Inc.

For more information call or write, BE Aerospace Inc.: 1601 E. Chestnut Ave., Santa Ana, Calif. 92702. (714) 835-6575