Raytheon, NetJets Cement the Relationship
In a deal worth multiple millions (neither side is saying just how many yet), Wichita, Kan.-based Raytheon Aircraft Company and NetJets have reached a tentative agreement on the sale of a number of Hawker Horizon bizjets. NetJets plans to purchase 50 of the $18.45 million jets for its ever-expanding fractional fleet. $18.45 million is the list price for the jets, but it is safe to bet that NetJets will get a rather sizeable bulk-rate discount for its purchase. The agreement also includes a 10-year maintenance program and should be finalized in 30 days. This follows on the heels of a NetJets purchase of 40 additional Raytheon Hawker jets in a deal worth more than $300 million.