Textron and Beechcraft Corp. announced late yesterday that Textron has agreed to acquire Beech Holdings, LLC, the parent of Beechcraft Corp., for approximately $1.4 billion in cash. This confirms rumors swirling over the past few months.
Economy of the United States
U.S. civil aircraft sales will increase by 7.7 percent, to $67 billion, this year, providing the only growth within an aerospace sector that will see overall flat results. Total aerospace sales, including sales of military aircraft, missiles, spacecraft and related products and services, will total $220 billion, down about $2 billion from 2012, the Aerospace Industries Association (AIA) estimates.
A busy couple of weeks for the executives heading Boeing’s 777X production site search perhaps overshadowed other significant developments, including an announcement last week that the company will help build a new full-service training facility in Russia and the revelation of plans to restructure its research and technology organization (BR&T) through the establishment of research centers in Alabama, California, Missouri, South Carolina and Washington state.
Greenpoint Technologies, a completion center specializing in Boeing cabin completion work, has won a contract for the interior completion of an executive version of the Boeing 787 Dreamliner.
The captain who lost control of a Boeing 737 that subsequently crashed in Kazan, Russia, on November 17 may have been operating with a false pilot certificate, according to Associated Press reports on the investigation. The aircraft was executing a go-around when it entered a near-vertical dive before the impact that killed all 50 people on board.
The Federal Communications Commission (FCC) voted 3-2 on Thursday to move forward with a notice of proposed rulemaking to consider allowing airline passengers to make cellular telephone calls in flight, a practice that is currently banned in the U.S., although allowed by other countries.
Gulfstream Aerospace and Jet Aviation parent company General Dynamics announced on Friday that it is promoting Robert Smith to president of Jet Aviation. He will report to Joe Lombardo, executive vice president of General Dynamics’ aerospace group. Smith succeeds Daniel Clare, who is being tapped as the CFO of Gulfstream. Both appointments are effective January 1.
Boeing selected the Bombardier Challenger 605 to be the platform for its maritime surveillance aircraft (MSA) offering. This program was announced last year as a less expensive alternative to Boeing’s high-spec P-8 Poseidon maritime patroller. The MSA mission suite draws heavily on the technology developed for the P-8, albeit sized for a business jet. Field Aviation in Canada is currently modifying a Boeing-owned Challenger 604 to act as an MSA demonstrator, which should appear next year. Field will also undertake the production modifications of the Challenger 605.
Royal Jet, the Abu Dhabi-based jet charter company, announced yesterday a decision to completely renew its fleet by 2020. The company has been exploring options with various OEMs for the past 12 months, but is expected to remain a key Boeing Business Jet customer.
Boeing has selected the Bombardier Challenger 605 business jet to be the platform for its maritime surveillance aircraft (MSA) offering. This program was announced in 2012 as a cheaper alternative to Boeing’s high-spec P-8 Poseidon maritime patroller that is on show here at the Dubai Airshow. However, the MSA mission suite draws heavily on the technology developed for the P-8, albeit sized for a business jet application. At the time of the MSA launch the platform had not been selected.