The CEO of Textron Inc. says his aviation company's $1.4 billion purchase of Beechcraft Corp. will require "restructuring and optimization of costs."
But whether that means job cuts at Beechcraft's home base in Kansas, or elsewhere, hasn't been decided.
Textron is Cessna Aircraft's parent company. It announced Thursday that it was purchasing Wichita, Kan.-based Beechcraft Corp. in a merger of big players in aviation.
Textron CEO Scott C. Donnelly acknowledged Friday that Beechcraft employees have been through a lot over the past few years and that the company's bankruptcy created uncertainty for customers. But he says the merger provides great new brands to Textron's portfolio.
The move caps a turbulent year for Beechcraft, which emerged from bankruptcy in February. Textron's purchase is expected to close around the middle of 2014.