Thursday, December 07, 2006

More on Raytheon

According to the ABS:

"Raytheon Aircraft Sale: In Negotiations

Raytheon Corp. is now negotiating exclusively with Onex Corp for the sale of Raytheon Aircraft Company, which includes Beech Aircraft.

A report in the Wichita Eagle states:

Raytheon Aircraft appears to have entered exclusive negotiations for a potential sale of the company with a team composed of Onex Corp. and Goldman Sachs, according to sources close to the deal. They were one of three leveraged buyout firms who recently emerged as final bidders for the company. The asking price for the maker of Beechcraft and Hawker products is about $3 billion, sources say. Onex Corp. has become a familiar name in Wichita after buying Boeing Wichita's commercial aircraft division in 2005 and forming Spirit AeroSystems.

See the Wichita Eagle report for more details.

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