Early June, B\/E Aerospace announced its intention to split into two independent, publicly traded companies, for manufacturing and services. <\/p>\n
Upon separation, <\/p>\n
* B\/E Aerospace (the manufacturing company) will focus on aircraft cabin interior equipment - design, development, manufacturing, certification and direct sales on a global basis; <\/p>\n
* KLX (the services company) will look after distribution, logistics and technical services for the aerospace and energy services markets. <\/p>\n
The spin-off is expected to be in the form of a tax-free distribution to B\/E's shareholders. The transaction is expected to reach completion in the first quarter of 2015. <\/p>\n
KLX will begin trading under the ticker symbol KLXI on December 17, 2014. <\/p>\n
The \"New\" B\/E Aerospace <\/p>\n
Segments <\/p>\n
\"New\" B\/E Aerospace will encompass two segments: <\/p>\n
1. Commercial Aircraft Segment or CAS, a leading global manufacturer of cabin interior products for commercial airliners; <\/p>\n
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Will The B\/E Aerospace Spin-Off Fly Amid Falling Oil Prices?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Early June, B\/E Aerospace announced its intention to split into two independent, publicly traded companies, for manufacturing and services. Upon separation, * B\/E Aerospace (the manufacturing company) will focus on aircraft cabin interior equipment - design, development, manufacturing, certification and direct sales on a global basis; * KLX (the services company) will look after distribution, logistics and technical services for the aerospace and energy services markets. Continue reading