Koito may not survive: B/E Aerospace

B/E Aerospace held a first quarter earnings conference call yesterday, and it was a goldmine.

Asked by an analyst to comment on the size of the business opportunity arising from Japanese seat maker Koito’s problems, company co-founder, executive chairman and CEO Amin Khoury said:

“Our Japanese competitor may not survive what they’re going through. And we have done very well, and we expect to get some more orders here in the third and fourth quarters from customers which they’ve had. We’ve cherry-picked them. We’ve basically selected those programs and customers which we felt is fit what we’re trying to do. We’ve been successful in all but one single campaign to get every program that we wanted from the Japanese competitor, which I tend to believe may not survive this.”

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