LEM, most all modern jets that I can think of have their E&E bays in the lower 41 section, it's not just a Boeing design. Air France couldn't shut down NO1 because they lost the battery bus once they hit the water. With a power failure, the fuel shutoff valve fails safe in the open position. They should have executed a go around and shut that engine down, they would not have finished in the water. I believe the aircraft was recovered and put back into service. I also seem to recall that the cause of the accident was ultimately put down to pilot error apart from the FCU malfunction. Lucky nobody was hurt.