Report: Textron nearing deal to buy Beechcraft in $1.4 billion deal

By: KAKE News - Email
By: KAKE News - Email
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WICHITA, Kan. — Beechcraft is set to be sold to Textron, according to a story published in Financial Times.

According to Financial Times, Beechcraft will be sold to Textron in a $1.4 billion deal. They say it could be announced as early as today, citing people familiar with the matter.

Textron also owns Cessna. Last February, Beechcraft emerged from Chapter 11 after shutting down Hawker.

KAKE's Chris Frank is tracking the story. Check back for updates.

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