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Textron to acquire Beechcraft in Wichita merger
Textron Inc announced its $1.4 billion purchase of Wichita based Beechcraft Corp in a merger of aviation giants. CEO Scott Donnelly said restructuring and cost optimization will follow, but impact on Beechcraft’s 3300 Kansas employees and plants remains unclear. Wichita leaders welcomed the move, noting Beechcraft’s role as a local linchpin and Beechcraft’s continued stability under a strong parent company.
MENTIONED IN THIS ARTICLE
Fernando Salazar
Hawker Beechcraft
Wichita
Textron Inc
Cessna Aircraft
Beechcraft Corp
Beechcraft
Kansas
Textron
Beechraft
Jeremy Hill
Center For Economic Development and Business Research
Wichita State University
Kansas City
Hill
Dale Brewer
Brewer
International Association of Machinists & Aerospace Workers Union
Scott C. Donnelly
Hawker
King Air
Baron
Bonanza
Donnelly
Dave Sylvestre
Providence
Cessna
Bill Boisture
Boisture
New York Stock Exchange