Looks like all they had to do was grab some parts off the shelf! B58P fuselage, B36TC wing, Garrett on the front, and go!
Can't believe I hadn't heard of that one before.
BTW, I couldn't remember exactly when Beech was acquired by Raytheon, and when looking up that history I saw that Walter Beech founded Beechcraft along with a guy named C.G. Yankey. That sounded *awfully* familiar, and when I went looking around to figure out why, rediscovered that Yankey was also heavily involved in founding and funding Mooney Aircraft Corporation. Beech, Yankey, and the Mooney brothers were all also involved in Culver Aircraft during WWII.
3. Stupid sales tactics, but they were pretty close on the design.
It was okay. It was a jet, it was a single, it would have been more affordable to acquire and maintain than other jets that were available.
It was not exciting except for "hey, a jet". Piper does not know how to sell airplanes like Cirrus does, and I think they would have ultimately failed to sell enough PA-47s to make it worthwhile. It's possible they'd have done OK, though, they seem to be catching on with the PA46T/M Series turboprops. In 2024, they just barely outsold the competing but much more expensive TBM 960, but the two combined just barely outsold the Vision Jet.
And don't forget - Cirrus was hurting badly enough from the development costs of the jet that they sold the company to China, Inc.
Making new airplanes is undoubtedly very expensive. What was the last company to be founded and certify an aircraft without starting in the experimental market to stay afloat, as Epic, Columbia, and Cirrus all did? Diamond maybe? (They started with the HK36 motorglider in the early 80s, DA20 in the 90s, DA40 in 2001, DA42 in 2004, etc...) And they failed to complete their jet as well, though all three certainly had headwinds as a result of the economic conditions at the time the idea of VLJs/PJs was getting popular.