Beechcraft Acquisition Positions Cessna For Profitability, Analyst Says
Textron’s proposed $1.4 billion acquisition of Beechcraft could help propel the bottom line of Textron’s Cessna Aircraft unit from a $48 million loss in 2013 to a $480 million profit by 2016, analyst Jeffries believes. Textron announced on Dec. 26 plans to buy Beechcraft by midyear and has since...
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