Hawker Beechcraft and the state of Kansas reached an agreement late last month that will keep the airframer in Wichita for at least the next decade. In return for HBC maintaining its current production lines and retaining at least 4,000 jobs over the next 10 years, the state offered a $40 million incentive package that includes $30 million over the next five years for equipment purchases, product development or building costs and another $10 million allocated for tuition reimbursement and training for company employees at any state institution. In addition, the city of Wichita and Sedgwick County each agreed to provide $2.5 million over the next five years.
Hawker Beechcraft To Stay in Wichita
- December 29, 2010, 3:25 AM