Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Textron
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===After Campbell=== [[Scott C. Donnelly]] became CEO in December 2009.<ref>{{cite web|url=http://www.textron.com/about/leadership/corp-management/bios/donnelly-scott.php |title=About Textron: Leadership: Biography |publisher=Textron.com |access-date=January 7, 2014}}</ref> Textron acquired Mechtronix in [[Montreal|Montreal, Quebec]], and OPINICUS in [[Tampa, Florida]], in 2013. Donnelly combined these flight simulation companies, along with Textron's AAI Logistics & Technical Services, to form TRU Simulation & Training in 2014.<ref name="textron.com1" /> On December 26, 2013, Textron agreed to purchase [[Beechcraft]], including the discontinued Hawker jet line, for $1.4 billion. The sale closed in March 2014.<ref>{{cite web|url=http://www.kansas.com/2013/12/26/3197897/textron-buys-beechcraft-in-14.html|title=Textron buys Beechcraft in $1.4 billion deal|work=kansas.com|access-date=April 28, 2017 |archive-url=https://web.archive.org/web/20131227172111/http://www.kansas.com/2013/12/26/3197897/textron-buys-beechcraft-in-14.html|archive-date=December 27, 2013}}</ref><ref>{{cite web|url=http://www.flightglobal.com/news/articles/textron-to-buy-beechcraft-parent-for-1.4bn-394431/|title=Textron to buy Beechcraft parent for $1.4bn|work=FlightGlobal|access-date=April 28, 2017}}</ref><ref name="avweb1">{{cite web |url=http://www.avweb.com/avwebflash/news/Textron-Confirms-Beech-Acquisition-Updated221180-1.html |title=Textron Confirms Beech Acquisition |publisher=Avweb |date=December 26, 2013 |access-date=December 27, 2013}}</ref><ref name="Niles30Dec13">{{cite news|url = http://www.avweb.com/avwebflash/news/Textron-Fleshes-Out-Beech-Deal221194-1.html|title = Textron Fleshes Out Beech Deal|access-date = December 30, 2013|last = Niles|first = Russ|date = December 30, 2013| work = AVweb}}</ref><ref>{{Cite web |title=Textron Completes Acquisition of Beechcraft |url=https://investor.textron.com/news/news-releases/press-release-details/2014/Textron-Completes-Acquisition-of-Beechcraft/default.aspx |access-date=April 7, 2022 |website=investor.textron.com }}</ref> The company formed a new company called [[Textron Aviation]] to market the products of Beechcraft, [[Cessna]] and Hawker as individual [[brand]]s.<ref name="textron.com1" /> From 2013 to 2016, [[R&D]] investments were 4.3%, 4.0%, 4.6%, and 4.2% of its revenues ($13.78 billion in 2016) and totaled more than $2.2 billion as it developed seven aircraft: the [[Bell 525 Relentless]], [[Bell V-280 Valor]] tiltrotor, [[Cessna Citation Longitude]], [[Cessna Citation Hemisphere]], [[Beechcraft Denali]] single-engine turboprop, the [[Cessna SkyCourier]] twin cargo hauler and the [[Textron Scorpion]] close support jet after the certification of the [[Bell 505 Jet Ranger X]].<ref>{{cite news |url= http://aviationweek.com/business-aviation/textron-set-busy-new-year |title=Textron Set For Busy New Year |date=December 15, 2017 |first=William |last=Garvey |work= Aviation Week & Space Technology |url-access= subscription}}</ref> In March 2022, Textron agreed to acquire [[Pipistrel]], an electrically powered aircraft manufacturer based in Italy and Slovenia.<ref>{{Cite press release |title=Textron to Acquire Electric Aircraft Pioneer Pipistrel |url=https://finance.yahoo.com/news/textron-acquire-electric-aircraft-pioneer-110000277.html |access-date=April 7, 2022 |publisher=[[BusinessWire]]|via=finance.yahoo.com }}</ref> On April 5, 2022, U.S. authorities announced criminal as well as civil charges in a Manhattan federal court against the former head of a now-defunct London-based company, Xcalibur Aerospace Ltd., for making a fraudulent bid to buy Textron for $13.8 billion. 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.<ref>{{Cite news |last=Stempel |first=Jonathan |date=April 5, 2022 |title=U.S. charges fraud over bogus $13.8 bln Textron takeover bid |work=Reuters |url=https://www.reuters.com/business/aerospace-defense/us-sec-sues-over-bogus-138-bln-textron-takeover-bid-2022-04-05/ |access-date=April 7, 2022}}</ref>
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)