Cessna's parent company, Textron Inc., reported increased earnings in Q2 2012, and reportedly might consider making a bid on assets held by bankrupt Hawker Beechcraft Inc., if the price is right. Bloomberg News reported Thursday that Textron's CEO, Scott Donnelly, said during an earnings conference call that Hawker holds "assets in which we have an interest." He added, "but it would have to be at a value that we think is appropriate." Textron, through Donnelly, expressed interest in Hawker's defense business. But considering Cessna's recent deals with China, a broader acquisition of Hawker's assets could have other strategic implications. In any case, Textron's interest will have to wait.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/textron-considers-hawker-assets