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Article: Raytheon Aircraft Announcement on Business Jet Orders Expected.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 10, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Jun. 10 -- Raytheon Aircraft Co. is expected to announce a major order for its new Hawker Horizon business jet at the Paris Air Show on Sunday.
Industry sources say Executive Jet Inc., which pioneered the idea of "time sharing" corporate jets, plans to buy as many as 50 Hawker Horizons with an option to buy as many as 50 more. At $15 million per jet, the deal could be worth more than $1 billion.
The announcement is expected to come on the first day the Paris Air Show opens to the public. The show, held in Le Bourget, France, every two years, is the world's largest aerospace trade show.
Raytheon and ...