Defense contractor Raytheon Co.'s Kansas-based aircraft unit said Friday it had won a contract worth more than $1 billion to supply 50 Hawker business jets to NetJets Inc. and provide maintenance support.
Wichita-based Raytheon Aircraft said it was the largest single commercial order in the company's history.
NetJets is a private air charter service that caters to companies and business executives, using a "fractional" ownership model that allows individuals and businesses to co-own planes and the share use. NetJets is owned by Omaha, Neb.-based Berkshire Hathaway Inc., led by investor Warren Buffett.
Deliveries of Hawker 4000 aircraft, a twin-engine jet classified as a "super-midsize" aircraft, are to begin in 2007 and continue through 2013, said Raytheon Aircraft, a unit of Waltham, Mass.-based Raytheon Co.