Jim Schuster, Hawker Beechcraft’s chairman and CEO since June 2001, on November 20 announced his intention to retire from the Wichita aircraft manufacturer. “Earlier this month, I began discussing my retirement plans with our board. After nearly eight years as CEO, I feel the time is right,” Schuster said.
Jim Schuster, Hawker Beechcraft’s chairman and CEO since June 2001, announced today that he notified the Wichita aircraft manufacturer’s board of his plans to retire from the company. “Earlier this month, I began discussing my retirement plans with our board. After nearly eight years as CEO, I feel the time is right,” Schuster said.
Acknowledging that Flight Options had strayed from its original vision, company founder Kenn Ricci and CEO Michael Silvestro, both of whom returned to the operation in recent months, have announced initiatives designed to “recapture the energy we had” at the beginning.
Universal Avionics has landed a deal with Hawker Beechcraft to provide flat-panel glass display and flight management system upgrades in the Hawker 700B. The retrofit package will replace existing flight and engine analog instruments with Universal’s UNS-1Fw FMS units, EFI-890R flat-panel displays and application server units (ASU) linked to UCDT-III electronic-flight-bag displays.
The FAA on Tuesday awarded a $437 million contract to Raytheon to support the agency in training air traffic controllers.
A new “smart” bomb employing three guidance modes is entering service with the UK Royal Air Force. The Raytheon Paveway IV is a 500-pound laser-guided weapon that can alternately be guided by GPS, with backup from an INS system if GPS is not available for any reason (such as jamming).
The U.S. Navy is expected to issue a draft request for proposals this quarter for the EP-X intelligence-gathering aircraft, which will replace the EP-3 Aries. In a recent briefing, Boeing revealed that Raytheon was joining its team to bid the P-8 Poseidon for EP-X.
Raytheon Aircraft employees associated with the Beechcraft Premier I recently celebrated completion of the aircraft model’s 100th composite fuselage. Raytheon had delivered 59 Premier Is to date at press time, 11 of them in the first half of this year, and 38 more are planned for shipment by year-end.
With the exception of Raytheon Aircraft and Embraer, jet manufacturers suffered significant delivery losses in this period. Shipments of new business jets in the first half of this year tumbled nearly 37 percent compared with the first half of last year, according to the General Aviation Manufacturers Association.
It’s fitting that the first museum to which Raytheon Aircraft is donating a Beech Starship–the Kansas Aviation Museum–is located in Wichita, the city where the composite twin-turboprop pusher was conceived, designed and built. In June Raytheon Aircraft disclosed to AIN (July, page 1) that it planned to destroy all 50 Starships produced because continued support is cost prohibitive.