Beechcraft to Be Bought by Cessna Parent Company (9)

ABC 2013.12.27 05:46
Cessna Aircraft parent company Textron Inc. said Thursday it will buy Beechcraft Corp. for approximately $1.4 billion, a deal that would combine two mainstays of Wichita's general aviation industry. The announcement by Providence, R.I.-based Textron caps a year that saw Beechcraft emerge from bankruptcy largely freed from debt and its unprofitable Hawker business jet operations, which it stopped making to
AVIATION, JET, AIRCRAFT, CARAVAN, MAINSTAY, COMPANY, Boisture, Beechcraft Corp., Textron Inc., Goldman Sachs Group Inc., New York, USA