WELLINGTON, Fla. (AP) -- Aircraft interior maker B/E Aerospace Inc. said Monday it had been selected to supply galley systems for a new plane under development by European plane maker Airbus. The company valued the award at more than $1 billion.
B/E said it will provide the galley systems for the new Airbus A350 XWB. Airbus, a unit of the European Aeronautic Defence and Space Co., is building the wide body A350 as a possible competitor to Boeing Co. commercial planes like the Boeing 777.
The next generation galley systems are designed to accommodate the aircraft's "flex zones," which allow airlines to select from a wide ranging catalog of pre-engineered galley configurations, the company said.
Amin Khoury, B/E's chairman and chief executive, said the deal, along with another recent award to equip the plane with oxygen technology and expected future awards for cabin interior products, "means that the A350 XWB will fly with more B/E Aerospace content than any new aircraft platform to date."
Shares of B/E rose $1.23, or 14 percent, to $10.11 in morning trading Monday.