Skip to main content
  1. News
  2. Science & Space

Beechcraft to be bought by Textron

See also

Textron announced late Dec. 26 that it plans to buy Beechcraft, a leading manufacturer of small airplanes.

Wichita-Kan.-based Beechcraft makes business, special mission, light attack and trainer aircraft. Textron, of Providence, R.I., said the $1.4 billion acquisition will complement its Cessna small-aircraft business and produce "synergies" in operations and marketing. Textron also owns Bell Helicopter.

“The acquisition of Beechcraft is a tremendous opportunity to extend our general aviation business,” said Textron Chairman and CEO Scott Donnelly. “From our customers’ perspective, this creates a broader selection of aircraft and a larger service footprint.”

Beechcraft, whose products range from the King Air 350i business aircraft to the T-6 military trainer, has struggled financially and emerged from bankruptcy in February. Beechcraft CEO Bill Boisture said Textron’s “willingness to invest” in the 81-year-old Beechcraft in “a highly competitive environment” will “help us continue to satisfy our customers and meet our business objectives at a faster pace.”

The deal is expected to close in the first half of 2014 if approved by regulators.

SUBSCRIBE! To receive future articles by this writer, click “Subscribe” above. Follow him on Twitter.

Advertisement

News

  • Al Qaeda video surfaces
    A video of an Al Qaeda meeting surfaces, concealed identities are raising suspicions
    Video
    Watch Video
  • Boston Marathon
    Boston cops shut down Boylston street after finding suspicious, unattended backpacks
    Top News
  • Death penalty for hate crime?
    Actions by the anti-Semitic gunman are being condemned by the unlikeliest of groups
    Crime News
  • New York gun control
    As many as one million New Yorkers are ready to disregard the state's new gun laws
    Headlines
  • Korean ferry capsizes
    Hundreds of passengers are missing after a ferry sinks off the South Korean coast
    World News
  • NYPD ends surveillance on Muslims
    The NYPD will end surveillance programs against Muslims in their own communities
    Video
    Watch Video

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!