Raytheon Premier I Business Jet Certified by FAA

02 April 2001

Raytheon Aircraft was awarded Federal Aviation Administration (FAA) certification on Friday, March 23 for its new Premier I six-passenger, entry-level business jet.

The company has more than 300 of the Premier I business jets in its order book and is preparing for a delivery rate of up to 60 per year. Raytheon Aircraft expects to deliver up to 36 of the new jets this year, with initial deliveries beginning in the second quarter. ""The certification of the Premier I marks a new era in business jet technology and customer value,"" said Hansel Tookes, Raytheon Aircraft's chairman and CEO. ""The Premier I is a revolutionary aircraft that defines the future of business aviation. It is the most advanced entry-level business jet in the world.""
The $5.3 million Premier I, Raytheon Aircraft's first all-new business jet from original design, is the first in a series of new-technology business jets being introduced by the company. This new family of business jets features Raytheon's signature all-composite fuselage and a swept aluminum wing design. These advances in aircraft design and construction provide the Premier I with the fastest cruise speed and largest passenger cabin in its class, similar to a more expensive light jet, but at an entry-level price. The Premier I is the first composite-fuselage business jet to be FAA certified.

The Premier I has a high-speed cruise of more than 520 miles per hour. A standard-equipped aircraft with full fuel, a pilot and four passengers has a range of more than 1,650 miles and is certified to operate up to 41,000 feet. Last year Raytheon Aircraft was awarded the National Society of Professional Engineers' (NSPE) 2000 New Product Award in the mega size company category for its development of the Premier I. NSPE's New Product Awards recognize the benefits that come from the research and engineering of new products, such as added employment, economic development, strengthening of the nation's competitive position internationally, and contribution to the public's standard of living.

Following the Premier I, Raytheon Aircraft has two more business jets in development using composite-fuselage technology and swept metal wing design, the super mid-size Hawker Horizon and light mid-size Hawker 450.
Raytheon Aircraft designs, manufactures, markets and supports jet, turboprop and piston-powered aircraft for the world's commercial, military and regional airline markets. It had revenues of $3.2 billion in 2000. Raytheon Aircraft is a subsidiary of Raytheon Company. With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial electronics, and business and special mission aircraft.

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