Fractional Opts For More Hawker 750 & 900XP Bizjets
Raytheon Aircraft Company has signed an order with NetJets
Aviation and NetJets Europe for the purchase of 48 additional
Hawker aircraft for their European and U.S. operations. Combined
with a NetJets order for 48 aircraft announced at NBAA in October
last year, the two orders now total more than $1 billion.
Deliveries to NetJets of the Hawker 900XP under the initial
order will begin in 2007 and continue through 2009. Deliveries
under the new follow-on order will run from 2009 through 2012.
Deliveries under NetJets' initial order for the Hawker 750 will
begin in 2008 and continue through 2009, while deliveries under the
new follow-on order will run from 2010 through 2011.
The Hawker 750 and Hawker 900XP were formally launched in
October at NBAA. Both aircraft will be derived from the Hawker
800-series airframe. Raytheon says the 800-series aircraft are
well known for their cabin, extended range, exceptional payload
capabilities, reliability and comforts unique to the Hawker
"This is outstanding news and a great day for the employees of
Raytheon Aircraft Company," said Jim Schuster, chairman and CEO.
"This additional order from NetJets highlights its confidence in
the quality and performance of our products. We have clearly
identified the right solution for the fractional customer in the
mid-light and mid-size segments with these two new Hawker
As ANN reported, an Onex
Corporation - Goldman Sachs partnership tendered a $3.3 billion
offer to purchase Raytheon's commercial aircraft division. The deal
is currently under regulatory and shareholder review. Additionally,
the purchasers will have to get a due diligence review of
Raytheon's books before the purchase is finalized. The new company,
to be called Hawker Beechcraft Corporation, could become a reality
in as little as six months.
Raytheon Aircraft employs some 8,500 in Wichita and Salina, KS,
Dallas, TX and Little Rock, AR. The company also has FBOs in the
US, UK and Mexico.
Raytheon Company, with 2005 sales of $21.9 billion, is an
industry leader in defense and government electronics, space,
information technology, technical services, and business and
special mission aircraft. With headquarters in Waltham, MA,
Raytheon employs 80,000 people worldwide.