Hawker Beechcraft

Hawker Beechcraft Defense Co., L.L.C., a subsidary of Hawker Beechcraft Corporation (HBC) Wichita, Kan., is being awarded a $6,824,315 firm-fixed-price contract for a T6A trainer aircraft and technical publication. The location of the performances is Wichita, Kan. Work is expected to be completed Dec. 31, 2014. Aeronautical Systems CTR, Wright-Patterson Air Force Base, Ohio, is the contracting activity (FA8617-09-C-6166, P00014).

Hawker Beechcraft was previously known as Raytheon Aircraft Company.

Hawker Beechcraft is struggling with debt it incurred when private equity owners Goldman Sachs and Onex Partners bought it for $3.3 billion in 2007, when the business jet market was stronger.Hawker Beechcraft has told federal regulators it expects to report losses of nearly $482 million for 2011 when the company files its annual report on 16 April 2012. 

According to published reports, the company is negotiating with its biggest lenders about a possible pre-arranged Chapter 11 bankruptcy reorganization

Updated On: 12.04.06