Textron Fleshes Out Beech Deal

Monday, December 30, 2013 @ 8:00 AM

By Russ Niles, AVweb

Textron expects to gain $65 million to $85 million annually with the "synergy" of combining Cessna and Beechcraft into its new airplane company but it's not yet saying exactly where those savings might be realized. As AVweb reported Thursday, Textron is buying Beech for $1.4 billion. In a conference call with analysts on Friday (recording available by calling (320) 365-3844, access code 314378). Textron CEO Scott Donnelly said it's likely most of the money will come from savings that result from overlap of functions and premises but there have been no decisions on if and where cuts might be made at either company he acknowledged that cuts are coming.

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