B/E Aerospace acquires Draeger Aerospace GmbH

WELLINGTON, Fla., 27 July 2006. B/E Aerospace Inc., a manufacturer of aircraft cabin interior products and a leading aftermarket distributor of aerospace fasteners, has acquired Draeger Aerospace GmbH (Draeger) from Cobham PLC of Dorset, England for approximately $80 million. The acquisition is an all-cash purchase.

Draeger is a supplier of components and integrated systems to supply oxygen systems for both civil and military aircraft. In the civil market, Draeger has well-established strengths in both chemical and gaseous oxygen systems. Draeger, like B/E, is well-positioned on both Airbus and Boeing aircraft. In the military market, Draeger is the prime contractor for oxygen systems for the Eurofighter Typhoon. The company also provides maintenance and repair services for the German air force's in-service oxygen systems.