In the news...

April 23, 2014

Textron eliminating 750 Cessna, Beechcraft jobs

Just over a month after buying Beechcraft for $1.4 billion, Textron announced 750 job cuts at that company and at its Cessna division.

The layoffs will occur over the next 60 days. Both aircraft makers are based in Wichita, Kansas, and Textron says about 575 of the affected jobs are based in Kansas.

Management and non-management jobs will be eliminated, the company said.

Textron Inc., based in Providence, R.I., expects about $4.6 billion in annual revenue from the combination of Cessna and Beechcraft.

Beechcraft filed for bankruptcy protection in 2012 because of the sluggish business jet market during the economic downturn. It sold its Hawker business jet assets and emerged from bankruptcy protection in 2013. Cessna laid off workers in 2013, although it didn’t say how many jobs were eliminated. It also offered voluntary retirement for hourly and salaried workers, and said it would cut production that year because of weak demand for light jet products.

Wichita has also endured extensive job cuts after Boeing Co. said it would shut down facilities in the area in response to cuts in defense spending. The move affected more than 2,000 jobs. The company is now in the final stages of closing defense facilities in the area.

In December Textron said it hadn’t made a decision about layoffs following the acquisition, but it acknowledged restructuring and other moves were possible. The company said the combination of Beechcraft and Cessna would be good news for Wichita because Beechcraft would have a stronger parent company.

Shares of Textron rose 17 cents to $40.23 in midday trading. AP




All of this week's top headlines to your email every Friday.


 
 

 

Headlines December 22, 2014

News: Report: DOD bomb hunters pried into U.S. firms, citizens - During some of the bloodiest days of U.S. combat in Afghanistan and the roadside bomb threat there, the Pentagon’s Joint IED Defeat Organization “improperly collected” intelligence on U.S. citizens and corporations to try to stem the threat, a Pentagon Inspector General report has found.  ...
 
 

News Briefs December 22, 2014

U.K., Canadian military leaves to join Ebola fight Reservists and troops from Britain and Canada have left for Sierra Leone to help in the battle to contain the Ebola virus outbreak. British officials said Dec. 20 that 16 reservists and 100 regular military personnel left on a morning flight from the Brize Norton military airbase....
 
 
Boeing photograph

Boeing, Malaysia Airlines celebrate 100th 737 delivery

Boeing photograph Boeing and Malaysia Airlines celebrated the direct delivery of the airline’s 100th 737 aircraft at an event in Seattle. Shown here Aminuddin Zakaria, senior vice president, airline engineering group, Malaysi...
 

 

Navy helicopter crashes in Kuwait; all crewmembers ok

A U.S. Navy MH-60S helicopter assigned to Helicopter Sea Combat Squadron 26 (HSC 26) crashed at 11:22 a.m., EST, Dec.21, while on an overland training flight at Camp Buehring, Kuwait. All six personnel aboard the helicopter survived the crash and were transported to nearby medical facilities for evaluation. Three of the six crewmembers sustained minor...
 
 

AMC relocates KC-135 simulator

As Air Mobility Command fields the KC-46A Pegasus, displaced KC-135 Stratotanker pilot simulators will be relocated across the Total Force to maximize simulator access across the mobility enterprise. As a result, AMC, in coordination with the Air National Guard, recently identified four KC-135 pilot flight simulators and one KC-135 Boom Operator Weapons System Trainer to...
 
 

SpaceX completes first milestone for Commercial Crew Transportation System

NASA has approved the completion of SpaceX’s first milestone in the company’s path toward launching crews to the International Space Station from U.S. soil under a Commercial Crew Transportation Capability contract with the agency. During the Certification Baseline Review, SpaceX described its current design baseline including how the company plans to manufacture its Crew Dragon spacecraft...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>