For airplane lovers.....Beech to be part of Textron
Textron is taking Beech out of bankruptcy. Textron will now own Beech, Bell,Cessna, and Hawker. When Walter Beech died, his wife, Ann, took over the failing company, built it into a Fortune 500 powerhouse, and ran it for her entire career. Later ownership by Raytheon, and a leveraged buyout, combined with the ups and downs of the airplane biz didn't help. I doubt that Beech will ever be independent again.