Narrative:

On departure off of runway 24 in teterboro; nj; the captain flying elected to use auto-throttles on takeoff. Our altitude alerter was set at 1;500 ft and the auto-throttle airspeed was set at 200 KTS in the manual mode. After takeoff; the captain started a shallow climb and we accelerated rapidly.the tower handed us off to the new york departure control. Then I heard the chime and saw the light indicating that auto-throttles had been disconnected. The captain pulled the power back some at this time. As first officer; I was listening to new york departure and they were extremely busy. Because they were so busy; they contacted us and asked us to climb to 10;000 ft. I dialed 10;000 ft on altitude alerter. I looked at airspeed and we were over 250 KTS. I also noticed that the spoilers had been deployed causing the aircraft to pitch down. I told the captain to climb to 10;000 ft multiple times.at this point; I looked down and noticed that the captain was actually descending and that we had descended down to 1;100 ft. Departure control contacted us and asked us if we were climbing. At the same time; the terrain warning system activated. I once again told the captain to climb and at this point he finally started the climb and I replied to departure control that yes we were climbing. Then departure asked us if everything was ok. I replied yes it was; at this time; since the captain was climbing. For corrective actions; other than verbal commands; I was close to taking over control of the aircraft had the captain not started the climb.

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Original NASA ASRS Text

Title: Hawker 4000 First Officer reports speed and altitude deviations during Runway 24 departure from TEB with the Captain flying. At a speed above 250 KTS; the Captain begins descending with speed brakes until an aircraft terrain warning is activated.

Narrative: On departure off of Runway 24 in Teterboro; NJ; the Captain flying elected to use auto-throttles on takeoff. Our altitude alerter was set at 1;500 FT and the auto-throttle airspeed was set at 200 KTS in the manual mode. After takeoff; the Captain started a shallow climb and we accelerated rapidly.The Tower handed us off to the New York Departure Control. Then I heard the chime and saw the light indicating that auto-throttles had been disconnected. The Captain pulled the power back some at this time. As First Officer; I was listening to New York Departure and they were extremely busy. Because they were so busy; they contacted us and asked us to climb to 10;000 FT. I dialed 10;000 FT on altitude alerter. I looked at airspeed and we were over 250 KTS. I also noticed that the spoilers had been deployed causing the aircraft to pitch down. I told the Captain to climb to 10;000 FT multiple times.At this point; I looked down and noticed that the Captain was actually descending and that we had descended down to 1;100 FT. Departure Control contacted us and asked us if we were climbing. At the same time; the terrain warning system activated. I once again told the Captain to climb and at this point he finally started the climb and I replied to Departure Control that yes we were climbing. Then Departure asked us if everything was ok. I replied yes it was; at this time; since the Captain was climbing. For corrective actions; other than verbal commands; I was close to taking over control of the aircraft had the Captain not started the climb.

Data retrieved from NASA's ASRS site as of April 2012 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.