Raytheon, NetJets Get Closer

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Continuing an already-close relationship, Raytheon Aircraft and NetJets Inc. announced they have signed a 10-year maintenance contract covering the fractional operator's Hawker 1000, Hawker 800XP and Hawker 400XP business jets. The contract, which includes options beyond its initial 10 years, will provide NetJets with full maintenance for the three aircraft types. Also, NetJets added two more Hawker 800XPs to an order it placed in December, bringing the order's total value to more than $385 million.

Deliveries of the Hawker 400XP will begin in 2004 and continue through 2009. The first Hawker 800XP was delivered in December 2003 and deliveries will continue through 2005. With respect to the ten-year-plus maintenance contract, Hawker 1000 and 800XP heavy maintenance work will be performed at the Hawker Service Center in Little Rock, Ark., and Raytheon Aircraft Services -- Tampa will handle such service for the Hawker 400XP.