Textron adds Beechcraft to its aviation stable

  • by: Julie Johnsson and Thomas Black , Bloomberg News
  • Updated: December 29, 2013 - 1:14 PM

Textron Inc., the manufacturer of Cessna aircraft, will boost its lineup of propeller-driven aircraft after reaching a deal to buy Beechcraft Corp. for $1.4 billion, as it seeks to counter a slump in business-jet sales.

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