In this paper, a control law that enforces the tracking of a boundary controlled output for a bilinear distributed parameter system is developed in the framework of geometric control. The dynamic behavior of the system is described by two weakly coupled linear hyperbolic partial differential equations. The stability of the resulting closed-loop system is investigated based on eigenvalues of the spatial operator of a weakly coupled system of balance equations. It is shown that, under some reasonable assumptions, the stability condition is related to the choice of the tuning parameter of the control law. The performance of the developed control law is demonstrated, through numerical simulation, in the case of a co-current heat exchanger. The control objective is to control the outlet cold fluid temperature by manipulating its velocity. Both tracking and disturbance rejection problems are considered.