On Friday, March 14, Textron announced the acquisition of Beechcraft complete, which integrates the Cessna, Beechcraft and Hawker aircraft brands into the new “Textron Aviation” business segment.
The acquisition brings together three iconic brands, each pioneering many of general aviation’s most notable advances in the past century. Cessna, Beechcraft and Hawker bring 200-plus years of combined aviation experience to the market and an installed customer base of more than 250,000 airplanes worldwide. Cessna and Beechcraft together produced about $4.6 billion in revenues during 2013. Going forward, Textron Aviation intends to share and leverage best practices across all operations to further its position as an aviation authority. Scott Ernest, who has served as Cessna’s President and CEO since 2011, will lead the Textron Aviation segment as CEO.
» More via King Air Nation
