Raytheon Sale?

[400A]

Anyone have any intell on who may have purchased Raytheon Aircraft Company or Raytheon Aircraft Services?

Some locations employees have had their insurance changed and all Raytheon Logo letterhead removed. Just curious.

 

[SabreFlyR]

Anyone have any intell on who may have purchased Raytheon Aircraft Company or Raytheon Aircraft Services?

Some locations employees have had their insurance changed and all Raytheon Logo letterhead removed. Just curious.

Should be interesting. I was at RAS - FTY maintenance the later part of Sept. and they told me that word had come down not to order anything that had the Raytheon logo on it.

 

[Flyght30]

I heard a rumor at FSI that Honda was buying them

 

[400A]

I heard a rumor at FSI that Honda was buying them

I have heard that one as well but would be shocked if the government would allow that with the defense contracts.

 

[Raskal]

I have heard that one as well but would be shocked if the government would allow that with the defense contracts.

I believe it is only the Raytheon Aircraft company that is for sale, not the parent company. I know it's been on the block for a few years now.

 

[GVFlyer]

I believe it is only the Raytheon Aircraft company that is for sale, not the parent company. I know it's been on the block for a few years now.

Yes it has.

In late April 2001, Nick Chabraja, General Dynamics CEO and former lawyer, met with Hansel E. Tookes II, then Chairman and CEO of Raytheon Aircraft for the ostensible purpose of buying the business segment.

Hansel the Second, a [FONT=arial, helvetica]Harvard grad, [/FONT] is son of Florida A&M legendary athletic director Hansel E. "Tootie" Tookes, and[FONT=arial, helvetica] is a former [/FONT][FONT=arial, helvetica]U.S. Navy [/FONT][FONT=arial, helvetica]P-3 Orion pilot[/FONT][FONT=arial, helvetica], United Airlines pilot and father to would be MTV "Real Life" participant and neurosurgeon Hansel E. Tookes III. He also has a mustache.

[/FONT][FONT=arial, helvetica]When Nick said, "Hansel what's it going to take for me to go home with this airplane company?" Hansel replied, "Well Nick, how does $2.2 billion sound?"

Several days later, when Nick quit laughing, he announced that [/FONT] General Dynamics would buy corporate jet manufacturer Galaxy
Aerospace, jointly owned by Israel Aircraft Industries and the
Pritzker family, for $330 million in cash, plus an
additional $315 million by 2006, contingent upon Galaxy Aerospace sales.


GV

 

[400A]

I believe it is only the Raytheon Aircraft company that is for sale, not the parent company. I know it's been on the block for a few years now.

That is correct, but RAC builds multiple military aircraft. C-12, T-1, T-6.

 

[Pilot Doc]

That is correct, but RAC builds multiple military aircraft. C-12, T-1, T-6.

How would national security be harmed by Japanese control of these mighty weapons systems?

 

[400A]

How would national security be harmed by Japanese control of these mighty weapons systems?

I did not say national security would be harmed, but I also could not think of any military aircraft bought from a forign owned company.

 

[TundraT]

I thought we received the Harrier from the Brits and started manufacturing it under agreement?

 

[GVFlyer]

I did not say national security would be harmed, but I also could not think of any military aircraft bought from a forign owned company.

Uh...European EADs is competing for the Air Force follow-on tanker. Brazilian airframer Embraer won the contract for the Army's Airborne Common Sensor aircraft, the Air Force C-27 is a modified Italian Alenia G-222, Spanish-Indonesian Casa Nutanio is competing to build the Army's new tactical aircraft, the Air Force bought Hawker 125s as Nav checker aircraft when they were still a BAE product and the Coast Guard has a crap-load of French Dauphin helicopters and Dassault Falcon 20 patrol aircraft.

GV

 

[Choppy]

Well, I guess 400A needs to do a little more homework!!

 

[400A]

Uh...European EADs is competing for the Air Force follow-on tanker. Brazilian airframer Embraer won the contract for the Army's Airborne Common Sensor aircraft, the Air Force C-27 is a modified Italian Alenia G-222, Spanish-Indonesian Casa Nutanio is competing to build the Army's new tactical aircraft, the Air Force bought Hawker 125s as Nav checker aircraft when they were still a BAE product and the Coast Guard has a crap-load of French Dauphin helicopters and Dassault Falcon 20 patrol aircraft.

GV

I stand corrected

 

[400A]

Well, I guess 400A needs to do a little more homework!!

That was an informative comment for all involved.

 

[Choppy]

That was an informative coment for all involved.

Coment = C O M M E N T

 

[400A]

Coment = C O M M E N T

again

 

[smellthejeta]

I heard the Honda rumor. Latest one I heard is that Carlyle Group (owner of Landmark Aviation) bought RAC.

The logo rumor is true. People have been running around looking at how much it would cost to replace the logos.

Yes, insurance plans got changed. The weird thing is, they got changed for the better. Can you believe that?

Word is that the "official" announcement will be made Nov 15.

But, as is anything with aviation, I don't believe anything until the paycheck clears the bank or my butt is sitting in the seat.

 

[400A]

I heard the Honda rumor. Latest one I heard is that Carlyle Group (owner of Landmark Aviation) bought RAC.

The logo rumor is true. People have been running around looking at how much it would cost to replace the logos.

Yes, insurance plans got changed. The weird thing is, they got changed for the better. Can you believe that?

Word is that the "official" announcement will be made Nov 15.

But, as is anything with aviation, I don't believe anything until the paycheck clears the bank or my butt is sitting in the seat.

I had heard the Landmark one as well, but assumed it would have been the RAS side.

I have now heard that the announcement will be made December 15.

 

[smellthejeta]

I had heard the Landmark one as well, but assumed it would have been the RAS side.

I have now heard that the announcement will be made December 15.

Thanks. I typod the "Nov 15." Shoulda been Dec. The rumor I hear is that RAC/RAS is going to the chop shop and get parceled out. I wonder what Carlyle's Master Plan is.

The company spin doctors claim that they would make an announcement when they "knew something" but due to insider trading issues, they can't say anything company wide unless they say something publicly as well.

 

[Tgaug6300]

Why would anyone want to take on that much debt? Whoever buys it must have a great business plan in mind.