Raytheon Stands by Flight Options
Net sales for Flight Options increased in the fourth quarter of last year compared with the same period in 2005, but the fractional provider recorded an operating loss. Nevertheless, parent Raytheon stands by its fractional provider. “Flight Options essentially met or exceeded all the operational objectives that we had in place,” said Raytheon CFO Dave Wajsgras. Raytheon chairman and CEO William Swanson added that he is pleased with Flight Options from the aspect of “customer satisfaction and safety.” Utilization of aircraft, dead-head legs, charter, every matrix has improved, he said.