Beechcraft Exits Bankruptcy On Eve Of Air Force’s Light Air Support Pick

[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…