Textron is paying $235 million for Slovenian electric aircraft innovator Pipistrel. The company announced the closure of the deal on Wednesday and said the acquisition will expedite the mainstream incorporation of electric aircraft. “Pipistrel has already achieved what many other companies only aspire to—certifying and delivering highly regarded electric aircraft to customers around the world,” said Textron Chairman and CEO Scott Donnelly. “We are excited to accelerate Pipistrel’s development and to welcome its talented people into our organization, where we will pool expertise to make Textron a world leader in sustainable aircraft for a wide range of missions.”
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/textron-completed-235-million-purchase-of-pipistrel