Hawker Beechcraft Corporation is an aerospace manufacturing company that builds the Beechcraft and Hawker business jet lines of aircraft. The company headquarters is in Wichita, Kansas, United States, with maintenance and manufacturing locations worldwide. The company was formed in 1994 as Raytheon Aircraft Company by the merger of the former Beech Aircraft Corporation and British Aerospace Corporate Jets whilst both were owned by Raytheon. Raytheon sold the company in 2006 to a consortium of Goldman Sachs and Onex Corporation. This deal left the company with a heavy burden of debt which it... struggled to support during the economic crisis of 2008 onwards. In April 2012 it defaulted on interest payments and was in breach of banking covenants; there is widespread speculation that it may enter bankruptcy. On February 8, 1980, Beech Aircraft Corporation became a subsidiary of Raytheon. In August 1993, Raytheon Company acquired British Aerospace Corporate Jets from British Aerospace and renamed the company Raytheon Corporate Jets.
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