NetJets To Buy 50 Hawkers

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Last week, the Raytheon Aircraft Company and NetJets announced an agreement for the airframer to supply 50 medium-sized Hawker 4000 aircraft to supplement the fractional operator's global fleet. The combined total value of the deal -- a 10-year guaranteed maintenance program was also negotiated -- will exceed $1 billion, making it the largest single non-military order in Raytheon Aircraft's history. Deliveries will begin in 2007 and continue through 2013. The Hawker 4000 is Raytheon's new name for the Hawker Horizon, which the company labels as the "flagship" of its bizjet line. “In addition to the innovative design and superior performance of the Hawker 4000, Raytheon Aircraft Company’s commitment to customer service and quality aircraft were key factors in our decision to purchase the aircraft,” said Richard Santulli, chairman of NetJets Inc.

For his part, Jim Schuster, chairman and CEO of Raytheon Aircraft Company, added, “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." Powered by Pratt & Whitney Canada PW308A engines delivering 6,900 lbs. of thrust each, the Hawker 4000 has a maximum cruise speed of 0.84 Mach. According to Raytheon, the 4000's wing design enhances the jet's high/hot and short-field performance; the newest Hawker can carry six passengers more than 3,000 nm at a 0.82 Mach cruise speed. The Hawker 4000's fuselage is constructed of advanced composite material and features a 72-inch, standup cabin 77.5 inches wide with a flat floor.