[Updated 1:15 pm, Feb. 20] Wichita-based Beechcraft — formerly Hawker Beechcraft — has officially emerged from bankruptcy with a new name, 2,000 fewer employees, $2 billion less debt, and one last shot at a bitterly contested Air Force contract to provide ground attack planes to Afghanistan. The Air Force’s decision on the Light Air Support program may come as early as this week.
Today’s announcement puts a nail in the coffin of Sinophobic speculation that Beechcraft would sell out to Beijing. The Kansas-based aircraft manufacturer did accept a $50 million “non-refundable deposit” from a Chinese firm, Superior Aviation Beijing, that was interested in acquiring it. But concerns overSuperior’s business bona fides and the security of Beechcraft’s defense programsultimately scotched the deal. Keep reading →

It’s Texan versus Tucano, take two, and the embarrassed Air Force has got to get it right this time.
Colin Clark
Sydney J. Freedberg, Jr.