B/E Aerospace, Inc. is an S&P 400

S&P 400

The S&P 400 MidCap Index, more commonly known as the S&P 400, is a stock market index from Standard & Poor's.It covers roughly the mid-cap range of US stocks.-Investing:The following ETFs attempt to track this index and sub-indexes:*Index Fund: &...

 and NASDAQ

NASDAQ

The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...

 listed manufacturer of aircraft cabin parts, including passenger and crew seats, oxygen delivery systems, kitchens and lavatories for commercial airliners. Based in Wellington, Florida

Wellington, Florida

Wellington is a village in Palm Beach County, Florida, United States. As of 2006, the village had a population of 55,584 according to the U.S. Census Bureau. Wellington is part of the South Florida Metropolitan Statistical Area.-History:...

, the company was capitalized as a $3.14 billion corporation as of 2010.

Aircraft seating

The company is a major provider of airline seat

Airline seat

An airline seat is a chair on an airliner in which passengers are accommodated for the duration of the journey. Such seats are usually arranged in rows running across the airplane's fuselage...

s to many airlines worldwide. Some significant customers include Continental Airlines

Continental Airlines

Continental Airlines was a major American airline now merged with United Airlines. On May 3, 2010, Continental Airlines, Inc. and UAL, Inc. announced a merger via a stock swap, and on October 1, 2010, the merger closed and UAL changed its name to United Continental Holdings, Inc...

, United Airlines

United Airlines

United Air Lines, Inc., is the world's largest airline with 86,852 employees United Air Lines, Inc., is the world's largest airline with 86,852 employees United Air Lines, Inc., is the world's largest airline with 86,852 employees (which includes the entire holding company United Continental...

, Delta Air Lines

Delta Air Lines

Delta Air Lines, Inc. is a major airline based in the United States and headquartered in Atlanta, Georgia. The airline operates an extensive domestic and international network serving all continents except Antarctica. Delta and its subsidiaries operate over 4,000 flights every day...

, and Southwest Airlines

Southwest Airlines

Southwest Airlines Co. is an American low-cost airline based in Dallas, Texas. Southwest is the largest airline in the United States, based upon domestic passengers carried,...

. Some of BE Aerospace's rivals in the airline seating industry include Weber Aircraft LLC

Weber Aircraft LLC

Weber Aircraft LLC is an American manufacturer of airline seats headquartered in Gainesville, Texas. The company is a subsidiary of Zodiac Aerospace of France, and is one of the largest manufacturers of airline seats in the world, competing with companies such as Recaro, B/E Aerospace, and...

 in Gainesville, Texas, Sicma Aeroseat in France, Recaro

Recaro

RECARO GmbH & Co. KG, commonly known as Recaro, is a German company based in Kirchheim unter Teck in the vicinity of Stuttgart, known for their automobile bucket seats...

 in Germany, and Aviointeriors

Aviointeriors

Aviointeriors S.p.A. is an Italian manufacturer of airline seats. Some of Aviointeriors' competitors include BE Aerospace, Weber Aircraft LLC, Recaro, and Sicma Aeroseat....

 in Italy.
In the Business Jet Seating segment, BE Aerospace's main competitors are United Technologies Corporation

United Technologies Corporation

United Technologies Corporation is an American multinational conglomerate headquartered in the United Technologies Building in Hartford, Connecticut...

's Decrane Aircraft Seating in Peshtigo, Wisconsin and PAC Seating Systems in Palm City, Florida.

The company produces seats ranging from a fixed shell economy class seat to a first class full-flat suite for airliners, and others for the business jet market.

Oxygen masks

The FAA announced on 11 August 2008 that it would investigate why "almost half the masks either did not deploy or failed to provide oxygen" during a pan-pan

Pan-pan

In radiotelephone communications, a call of three repetitions of pan-pan is used to signify that there is an urgency on board a boat, ship, aircraft or other vehicle but that, for the time being at least, there is no immediate danger to anyone's life or to the vessel itself. This is referred to as...

 event on American Airlines Flight 31 The FAA had recently issued airworthiness

Airworthiness

Airworthiness is a term used to describe whether an aircraft has been certified as suitable for safe flight. Certification is initially conferred by a Certificate of Airworthiness from a National Airworthiness Authority, and is maintained by performing required maintenance actions by a licensed...

directives regarding problems with defective inline flow indicators obstructing the BE Aerospace oxygen masks on several Boeing commercial aircraft models. B/E had identified a repair in February 2006. Boeing then issued a "Special Attention Service Bulletin" to inspect and if necessary repair the masks in April 2007. The directives only require action by April 2013 unless already done.