Textron Buys Beech... $1.4 Billion Christmas Purchase

Textron Buys Beech... $1.4 Billion Christmas Purchase
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Beech Remains An American Company... Sigh Of Relief Heard All The Way From Kansas Well... its official -- a number of media reports have confirmed that Scott Donnelly and Textron have pulled the trigger and bought Beechcraft, less than a year after the GA and BizAv planemaker emerged from bankruptcy with the intention to retool itself as a piston and turbine manufacturer -- and get out of the jet business. Wichita seems to be breathing easier, amid concerns that other suitors, mostly Embraer or Mahindra (or worse, an unnamed Chinese player), might have wound up with the company and created even more uncertainty for the local employment scene than there had been already.

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