December 26, 2013 - Textron Inc announced that
it has reached agreement to purchase all
outstanding equity interests in Beech Holdings,
LLC, the parent of Beechcraft Corporation, for
approximately $1.4 billion in cash.
Beechcraft Corporation, with estimated 2013
revenues of $1.8 billion, is a leading
manufacturer of business, special mission, light
attack and trainer aircraft.
With more than 36,000 aircraft in service,
Beechcraft supports its installed base of Hawker
business jets, King Air turboprops and
Beechcraft airplanes with an extensive global
network of company-owned and authorized service