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After nearly a month on strike, Machinists Union workers at Textron Aviation in Wichita are expected to return to work after voting Sunday to accept the latest contract offer from the company.
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Textron eViation Nexus Tiltrotor eVTOL model at EBACE 2023. Textron completed its purchase of Beech Holdings in March 2014 for approximately US$1.4 billion in cash. The parent company, Textron, financed the equity purchase and the repayment of Beechcraft's debt in cash, plus its issue of US$600 million in senior notes and a new US$500 million five-year term loan.
The Department of Justice and the SEC claimed that Xcalibur Aerospace was never in a position to complete a tender offer for Textron and lacked the finances to do so. [19] On May 28, 2024, Textron publicly announced the completion of the 400th Cessna Citation Latitude business jet at its manufacturing facility in Wichita, Kansas. Scheduled for ...
Striking Textron employees picket in front of the facility on Greenwich Rd. Around 5,000 members of the IAM Local 774 are on strike after rejecting the company’s latest contract offer on ...
Beechcraft is an American brand of civil aviation and military aircraft owned by Textron Aviation since 2014, [1] headquartered in Wichita, Kansas.Originally, it was a brand of Beech Aircraft Corporation, an American manufacturer of general aviation, commercial, and military aircraft, ranging from light single-engined aircraft to twin-engined turboprop transports, business jets, and military ...