Textron CEO Says Hawker Beechcraft Bid Possible

By: Associated Press Email
By: Associated Press Email

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July 19, 2012

Textron's CEO says his company could make a bid for all or part of Hawker Beechcraft if the price is right.

Earlier this week, a federal bankruptcy judge allowed Hawker to begin exclusive talks with a Chinese company interested in buying the company. Hawker filed for bankruptcy protection in May.

Textron's Scott Donnelly says Textron has always been interested in the Kansas plane maker and that some of its assets would fit in well at Textron. He made the comments during a Thursday morning conference call with investors. Textron owns Cessna Aircraft in Wichita.

But Donnelly says his company is in good shape and doesn't need to make an acquisition. Any such deal would have to boost its profits for the based in Providence, R.I., company.

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