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B/E Aerospace CEO on Growth, Boeing

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  • Description

    B/E Aerospace CEO Amin Khoury breaks down the keys to success and the problems with Boeing's 787.

  • Duration 4:22
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Top of that for -- in the meantime.

-- aerospace it is the leader in commercial aircraft in two years into the -- since cabins in the galleys -- the company recently reported record earnings and revenue for 2012.

But in the face of sequestration Boeing's dreamliner woes and really an overall sluggish US economy.

The company keep up this pace of growth -- now to join chairman and CEO of BE aerospace -- curry.

Mister -- welcomes you thank you for coming easy it's okay thank you for having me and I know that only 10% of your business deals with the public sector and defense industries that that is in large part why.

You guys have been so successful.

Over the last -- for sure but really over the last couple of years and -- gets.

And analyst call by Goldman Sachs upgrading their shares to 68 bucks each saying this is the best multi year growth story in aerospace.

That have to be quite satisfying.

Obviously it is and we are fortunate to have had very successful.

Engineering and R&D organization.

Which has developed a lot of new products.

Which Boeing and Airbus and our airlines customers have determined -- -- like to have on their aircraft in the coming years.

And we can show our viewers some of these.

New upgraded the latest and greatest if you will in airline interiors seats.

-- as -- set off the overall introduction.

Tell you what types of things airlines are ordering from him.

Well we're the largest supplier of super first class suites for the front ends of large commercial airliners such as the triple -- and or the a 380.

And -- those are Iraq small privacy compartments actually.

Dining for to -- flat -- small refrigerator TV accent lighting.

So very high and a flying four for the privileged few.

Also business class -- how we're the largest in the world and the manufacture of food and beverage preparation and storage equipment.

We've recently been awarded -- program by going to be their exclusive supplier of laboratories and the 73 cents.

Now that's a claim to fame as the -- -- -- -- despite the aerospace well it's a big deal can I -- -- -- -- -- totally -- -- let me ask about voting no because it's been in the news quite a bit recently with this lithium ion battery the 787 dreamliner I mean it's been delayed for years cost overruns the billions of dollars that impacted your relationship with them at all.

Why today why do you think they continue to order.

From you.

You know I think.

I think -- Is one of the best engineering companies in the world.

And I think the problems with the 787.

Should have been expected it's an incredibly complex.

Almost all electric aircraft.

And so now they have the battery issue and I think Boeing reported yesterday that they believe they have a solution on the waiting -- -- any approval.

We are I think very confident given the competency.

Of that organization.

That that aircraft -- be flying very soon.

It's an important aircraft for us as is the triple 7747.

In the a 380 in the -- 330 so.

We're on pretty much every aircraft in the world.

I -- -- ask our systems Sargent she went -- -- know question as you know we're down to just a handful of legacy carriers with the domestic economy sluggish at best.

Right now.

Part of your success right in the last year has been a solid backlog I expect the next taper off -- -- just for simple fact -- many airlines out there anymore.

You know you know we're not and in fact there are more airlines now globally and there ever have been.

And what's driving the growth in the world.

Basically the economies and airline travel.

He is structural growth in travel in the developing parts of the world so Asia pac -- middle East Africa.

-- Latin America more than half our business is international business now we truly are global company so.

Airline travel grew last year by five and a half percent.

And although US travel was very low -- European travel was nonexistent front global -- but that traffic grew by over 5%.

A key distinction that's -- Thank you so much aiming -- is -- CEO and chairman of BE BE aerospace thank you again for your time coming and thank you for having me.

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