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Tag Archives: Beechcraft

Beechcraft to Replace Argentina’s Military Training Aircraft Under $88M Air Force FMS Contract

Textron‘s (NYSE: TXT) Beechcraft subsidiary has landed a one-year, $88.2 million “undefinitized” contract with the U.S. Air Force to build trainer aircraft and provide maintenance support and pilot training services for Argentina’s air force as part of a foreign military sales deal. The Defense Department said Tuesday Beechcraft will deliver four T-6C+ …

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State Dept OKs Potential $300M Beechcraft Trainer Aircraft Sale to Argentina

The State Department has approved Argentina’s request to procure 24 Beechcraft-built trainer aircraft as well as related training and support from the U.S. government under a potential $300 million foreign military sales agreement. Argentina asked to acquire 24 T-6C+ Texan trainer aircraft along with initial spare parts and U.S. Air Force Materiel Command services …

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Northrop Unit to Provide Navigation Tech for Beechcraft Turboprop Planes

TYSONS CORNER, VA, June 3, 2016 — A Northrop Grumman (NYSE: NOC) subsidiary will provide navigation technology for the special missions variant of Beechcraft‘s King Air turboprop aircraft, ExecutiveBiz reported Thursday. Northrop said Wednesday the LCR-100N system built by its LITEF unit will be an “inertial product option” for the King Air and consist of gyrocompass …

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Textron 1Q Revenue, Earnings Top Street Outlook on Jet & Unmanned Deliveries

Textron (NYSE: TXT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported first quarter revenue that topped Wall Street’s expectations to snap a streak of eight straight quarters of sales below analyst outlooks. The Providence, R.I.-based defense and industrial conglomerate said first quarter revenue totaled $3.2 billion …

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Textron 3Q Profit Up 9%, Revenue Down 7%

Textron (NYSE: TXT) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of 63 cents per share to beat Wall Street’s expectations by 2 cents. The Providence, R.I.-based conglomerate and owner of military aircraft makers Bell Helicopter and Beechcraft posted $176 million …

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Dynamic Aviation to Modify, Maintain Army Aircraft in Afghanistan; Michael Stoltzfus Comments

Dynamic Aviation has been awarded a contract worth $ 22.4 million to perform support services on the U.S. Army’s Beechcraft-built twin-turboprop aircraft for its missions in Afghanistan. The company will work to adapt, integrate and maintain three Beechcraft King Air 200s under the communications electronic attack with surveillance and reconnaissance program, …

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Report: Pentagon Clears $1B Military Equipment Sale to Iraq

The Defense Department has approved an approximately $1 billion sale of aircraft trainers, aerostats and ground military vehicles to the Iraqi military, Defense News reported Tuesday. Marcus Weisgerber writes Iraq has purchased 24 Beechcraft T-6C Texan II aircraft trainers and related services for $790 million as part of the Middle …

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Textron Acquires Beechcraft for $1.4B; Scott Donnelly Comments

Textron (NYSE:TXT) has formed a new aviation segment following the acquisition of Beechcraft’s parent company Beech Holdings LLC for nearly $1.4 billion in cash. Scott Ernest, formerly president and CEO of Textron’s Cessna business, has been appointed CEO of Textron Aviation, which combines the Beechcraft and Cessna businesses, Textron said Friday. …

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Textron to Buy Beechcraft Corp. for $1.4B Cash; Scott Donnelly Comments

Textron (NYSE: TXT) has struck a deal to acquire all outstanding shares of the parent company of business and military aircraft manufacturer Beechcraft Corp. for $1.4 billion cash. Textron expects the Beech Holdings LLC purchase to close in the first half of 2014, pending regulatory approvals, and will will finance …

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