Aviation

Business Jets : NetJets to purchase forty-eight additional Hawker aircraft from Raytheon

Business

Raytheon Aircraft Company has signed contracts with NetJets Aviation and NetJets Europe for the purchase of 48 additional Hawker aircraft, 30 Hawker 750s and 18 Hawker 900XPs, for NetJets' global fleets. The order is valued in excess of one half billion dollars. Deliveries will commence in 2007 and continue through 2009. "The Hawker 750 and Hawker 900XP will set new standards for quality, performance and value in the light-mid and mid-size classes of aircraft," said Jim Schuster, chairman and CEO of Raytheon Aircraft Company. "The NetJets name is synonymous with safety, quality and service, and I know that each and every Raytheon Aircraft Company employee is totally committed to ensuring that we meet the high standards of performance NetJets has come to expect from us. We are honored and delighted that they have chosen the Hawker 750 and 900XP."

The new Hawker 750 will be a 2,100 nm NBAA IFR range airplane with four passengers, strategically positioned with the largest cabin in the light-mid size aircraft segment. It will have the same cabin as the Hawker 800-series, but the ventral fuel tank will be replaced with a heated external baggage compartment with 32 cubic feet of additional baggage capacity. The Hawker 750 cabin measuring 5'9" in height and 6'0" in width will be far superior in both comfort and size to anything in the light-mid size category. The airplane will continue to use the highly successful Honeywell TFE731-5BR engine and state-of-the-art Collins Pro Line 21 avionics package. The aircraft will feature a new Hawker interior designed specifically for the 750 and for this market segment. Priced at $11.2 million standard and $11.9 million typically equipped in 2007 dollars, certification is planned for Q3 2007 and deliveries will begin in the Fourth Quarter.

The Hawker 900XP will launch Honeywell's new TFE731-50R engine providing improved hot and high altitude performance with over 2,800 nm NBAA IFR range with six passengers allowing it to make a one-stop flight from New York to Honolulu 99.9 percent of the time. It also will have the same cabin size as the Hawker 800-series, the largest and most successful cabin in its class. Featuring a factory-customized interior by the Little Rock Completion Center, and Raytheon Aircraft Company designed winglets, the 900XP will be well positioned to continue to be the most preferred airplane in the mid-size segment. Standard priced at $13.9 million, certification is expected mid-year 2007 with deliveries to begin in the Third Quarter.

October 17, 2006 - FeedSee