Hawker Beechcraft Agrees To Offer From Chinese Company
Hawker Beechcraft will be sold to Superior Aviation Beijing Co. for $1.79 billion, the company announced on Monday, assuming that a final agreement is worked out over the next 45 days. The transaction will not include the Hawker Beechcraft Defense Co., which produces the T-6 trainer and is developing the AT-6 light attack aircraft. "The decision to move forward with Superior was based on two key factors," said Chairman Bill Boisture. "The bid for the company was the most attractive we received during the strategic review process and the going-forward plan offered the most continuity for our business, allowing us to preserve jobs, product lines and our ability to maintain our commitments to our customers." The company will maintain a "strong presence" in the U.S., Boisture said, retaining its current employee base and management team.
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