Beechcraft was founded in 1932 by husband and wife team Walter and Olive Ann Beech in Wichita, Kansas. The Beech‘s along with designer Ted Wells began working out of an idle Cessna factory, developing the Model 17 Staggerwing. The Staggerwing would have a production run of over 750 planes, including 270 made for the United States Air Forces during WWII. Other popular models included the Model 18 and the revolutionary v-tailed Beechcraft Bonanza, which has been produced since 1947, giving it the longest production run of any airplane in history. The fourth Bonanza ever built, called the ‘Waikiki Beech‘ set a non-stop distance record in 1949, flying from Honolulu, Hawaii to Teterboro, New Jersey. Beechcraft was acquired by the Raytheon Company in 1980, and continued to change hands over the next few decades. Beechcraft is now owned by Textron who also controls several other aviation names such as Cessna and Bell Helicopter.