Textron to acquire Pipistrel

Textron, home to the Cessna, Beechcraft, and Bell aviation brands, has entered into an agreement to purchase Pipistrel, which is developing electrically powered aircraft, based in Slovenia and Italy. With Textron, Pipistrel will have access to greater resources, technical and regulatory expertise and a global aircraft sales and support network, enabling it to accelerate its development and certification of electric and hybrid electric aircraft. Upon closing of the transaction, Textron plans to form a new business segment, Textron eAviation, focused on the development of sustainable aircraft, which will include Pipistrel. “Pipistrel puts Textron in a uniquely strong position to develop