Beechcraft sold

Jim Macklin wrote:
Actually Beech has many new, state of the art plants and
composite robots for production work. They build a lot of
parts for the big iron makers. Their old plants are well
used. But if you look at just the BEC airport/plant complex
you'll see that there are more new buildings than old.


Except Raytheon's Annual Report says that a very % of their
manufacturing square footage is leased, so few buildings to sell,
except liquidate the stuff inside, which will bring a fraction of
cost. I was thus responding to someone's grandiose assumption
that the investors paid $3.3 billion cash for their entire
Aircraft Division just to be able to soon liquidate the hard
assets plus the type certificates/goodwill of always uncertain
future value.

F--