Textron Completes Beech Deal, Names Leadership Team

Textron closed its $1.4 billion acquisition of Beechcraft on Friday, bringing together Cessna Aircraft and Beechcraft to form Textron Aviation. While the two aircraft manufacturers are now combined within a single segment, “Cessna, Beechcraft and Hawker will each remain distinct brands to preserve their rich histories and respective strengths in the marketplace,” the company said. A Textron spokesman confirmed that “Bell Helicopter is not part of Textron Aviation, and that is not envisioned for the future.”