Beechcraft ranked 69th among United States corporations in the value of World War II military production contracts.
[12] Other important Beech aircraft are the King Air and Super King Air line of twin-engined turboprops, in production since 1964,[11] the Baron, a twin-engined variant of the Bonanza, and the Beechcraft Model 18, originally a business transport and commuter airliner from the late 1930s through the 1960s, which remains in active service as a cargo transport.
In 1950, Olive Ann Beech was installed as president and CEO of the company, after the sudden death of her husband from a heart attack on November 29 of that year.
[13][14] Throughout much of the mid-to-late 20th century, Beechcraft was considered one of the "Big Three" in the field of general aviation manufacturing, along with Cessna and Piper Aircraft.
Since its inception Beechcraft has resided in Wichita, Kansas, also the home of chief competitor Cessna, the birthplace of Learjet and of Stearman, whose trainers were used in large numbers during WW II.
The jet line was discontinued, but the new company continues to support the aircraft already produced with parts, plus engineering and airworthiness documentation.
[16] On December 26, 2013, Textron agreed to purchase Beechcraft, including the discontinued Hawker jet line, for $1.4 billion.