“Overall, Raytheon Aircraft had the best quarter” in its history in terms of financial performance, said William Swanson, chairman and CEO of parent Raytheon Company. According to the company’s first quarter results released this morning, Raytheon Aircraft delivered 44 business jets and turboprops compared with 27 in the same period a year ago. In the quarter, the company booked orders for 45 turbine airplanes versus 34 last year.
Described by some Honeywell engineers as the “son of Primus Epic,” the Phoenix company’s Apex integrated avionics system is undergoing a makeover that aims to make that moniker more appropriate than ever. The enhanced version of Apex now under development for the Grob SPn Utility Jet will feature better integration of TCAS II, weather radar and other functions thanks to greater software processing power.
Raytheon Aircraft yesterday reached the FAA’s five-year time limit for certification of the Hawker 4000 (née Horizon) under Part 25 amendments that existed at the time of type certification application. In anticipation of not receiving type certification before the deadline, Raytheon applied for an extension on May 11, and today the FAA granted an extension of seven months, to December 31.
Raytheon's long and bumpy road toward type certification of the Hawker 4000 has taken another twist. Because of its already lengthy certification process–the FAA recently granted a seven-month extension, to December 31–the Hawker 4000 has to meet certain Part 25 amendments that went into effect in the seven months after the aircraft's May 31, 2001 type certification application date.
Raytheon Aircraft delivered 39 jets and 36 King Airs in the third quarter of this year compared with 29 jets and 27 King Airs in the same period last year, according to figures released last Thursday at Raytheon’s third-quarter earnings conference call. The deliveries bring this year’s nine-month total to 187 turbine airplanes, compared with 158 for the period last year.
Raytheon Aircraft broke ground today for a $16.3 million, 112,000-sq-ft expansion to its Hawker completions facility in Little Rock, Ark. Currently, the facility outfits Hawker 850XPs with interiors, avionics and paint before they are delivered to customers. The facility at present is working “at capacity,” according to the company.
According to Raytheon’s second-quarter report, released this morning, Raytheon Aircraft posted net quarter sales of $745 million, up 8 percent from $687 million in the second quarter of last year, thanks to more deliveries of new aircraft. The division recorded a quarterly profit of $41 million versus $33 million in the same period last year.
Raytheon Aircraft broke ground on October 3 to expand its aircraft completions facilities in Little Rock, Ark., with a $16.3 million addition creating more room for paint and interior completions of the Hawker 4000.
Operators that take delivery of Hawker 4000s during the exemption period face a mandatory retrofit if any design changes are necessary. If design changes are required to show compliance with the ignition rule, they must be incorporated on aircraft delivered before Sept. 1, 2008, or they cannot operate after Sept. 1, 2009.
The FAA has granted, with conditions, Raytheon Aircraft’s request that the Hawker 4000 be temporarily exempted from having to meet certain Part 25 fuel tank ignition and hydraulic system performance amendments to enable the aircraft to receive type certification (TC) by year-end. Under the conditions of the exemptions, the aircraft will still have to meet certain provisions of both amendments before the FAA will issue the TC.