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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.
Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Arctic Cat, Bell Textron, Textron Aviation (which itself includes the Beechcraft and Cessna brands), and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company.
AAI became part of Textron's helicopter subsidiary, Bell Textron, in the acquisition. [ 3 ] Today, AAI owns or occupies more than 1,100,000 square feet (100,000 m 2 ) of office and manufacturing space across Australia, the United Kingdom and the USA.
Textron Inc. (NYSE:TXT) shares are trading lower on Wednesday following the announcement that it is pursuing strategic alternatives for its Powersports product line within its Industrial segment.
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TRU Simulation + Training (TRU, usually pronounced as in "true") is an American manufacturer of flight simulators and training devices for civil and military markets. It is a subsidiary of Textron and was formed in 2014 when previously acquired simulator manufacturers Mechtronix and OPNICUS were merged with part of Textron Systems division.
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