B/E Aerospace Boosts 2014 Earnings View - Quick Facts

(RTTNews) - B/E Aerospace Inc. (BEAV), a manufacturer of aircraft cabin interior products and provider of aerospace fasteners, consumables, and logistic services, said it has won super first class, business class, and main cabin seating awards from 7 major international airlines. The awards are initially worth around $600 million and are for both new-buy and retrofit programs. Further, the company lifted its 2014 earnings guidance to around $4.30 per share, excluding acquisition related expenses.

Separately, the company reported agreeing to acquire Vision Oil Tools, LLC, a provider of oilfield rental equipment and services. The transaction may close in the second quarter of 2014, subject to Hart-Scott-Rodino review. The price consideration, including expenses, is likely to be nearly $145 million. An additional payment of some $35 million may be paid in 2015, subject to Vision achieving certain financial results in 2014.