Textron Friday closed on its acquisition of Beechcraft Corp. parent Beech Holdings, and said that with the deal complete it will combine Cessna, Beech and Hawker operations in a new segment—Textron Aviation—led by Cessna CEO Scott Ernest. Beech CEO Bill Boisture will not continue on in the new company, a Beech spokesman confirmed. “Cessna, Beechcraft and Hawker will each remain distinct brands to preserve their rich histories and respective strengths in the marketplace,” Textron said in a ...

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