ST. LOUIS — Textron Inc.’s CEO said Friday that his aviation company’s $1.4 billion purchase of Beechcraft Corp. will require ‘‘restructuring and optimization of costs.’’ But whether that includes job cuts at Beechcraft’s home base in Kansas, or elsewhere, hasn’t been decided.
Textron, Cessna Aircraft’s parent company, announced late Thursday that it was purchasing Beechcraft Corp. in a merger of big players in aviation. By mid-morning Friday, Textron’s stock was up 1.1 percent to $36.58. It closed at $36.61.
The move caps a turbulent year for Beechcraft, which has roughly 5,400 employees worldwide. The company emerged from bankruptcy 10 months ago largely freed from debt and its unprofitable Hawker business jet operations.
Textron’s purchase is expected to close by the second half of 2014.
Textron’s chairman and CEO, Scott C. Donnelly, acknowledged during an investors teleconference on Friday that Beechcraft employees have been through a lot.
‘‘From an employee’s perspective, obviously we are going to need to go through restructuring and optimization of costs, but it’s going to strengthen those King Air and T-6 and Baron and Bonanza products going forward,’’ Donnelly said.
Textron, which is based in Providence, R.I., hasn’t made a decision on whether layoffs will be necessary, a company spokesman said.