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Old December 21st, 2006, 16:46   #1
grassrootsflying
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Join Date: May 2002
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Default Raytheon to sell aircraft unit for $3.3B

http://news.yahoo.com/s/ap/20061221/.../raytheon_sale

Defense contractor Raytheon Co. plans to sell its aircraft business for $3.3 billion to Hawker Beechcraft Corp., a new company formed by an affiliate of Goldman Sachs and Onex Partners.

The world's fifth-largest defense contractor said Thursday it expects to pocket $2.5 billion after taxes from the sale of the Wichita, Kan.-based unit that makes Hawker and Beechcraft planes for commercial and military markets. The business has more than 8,500 employees and about 100 centers worldwide.

The aircraft division to be sold makes Beechcraft single-engine, two- and four-seat planes and Hawker midsize, twin-engine corporate jets. The planes compete with foreign companies including Canada-based Bombardier Aerospace and Brazil-based Embraer.
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Bose doesn't advertise or publish their noise reduction levels..because they know that the telex stratus has 50db ANR
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