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Friday, Oct 18
Textron eyes $1.5B Beechcraft
- Textron (TXT) is among the companies exploring a bid for planemaker Beechcraft, which is up for sale again and could attract about $1.5B.
- When still known as Hawker Beechcraft, the company filed for bankruptcy in May 2012, after which a potential sale to a Chinese buyer collapsed.
- Textron CEO Scott Donnelly has said in the past that Beechcraft could be a good fit for his company, whose businesses include Cessna Aircraft and Bell Helicopters.