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Howard Robard Hughes Jr. (December 24, 1905 – April 5, 1976) was an American aerospace engineer, business magnate, film producer, investor, philanthropist and ...
Nail guns have in many ways replaced hammers as tools of choice among builders. The nail gun was designed by Morris Pynoos, a civil engineer by training, for his work on Howard Hughes' Hughes H-4 Hercules (known as the Spruce Goose). The wooden fuselage was nailed together and glued, and then the nails were removed. [1] [2]
Legally emancipated at the age of 18, Howard began using the profits from Hughes Tool to fund his other ventures. Toolco paid Hughes an annual salary of $50,000, and Hughes charged all major expenses such as planes, automobiles, and houses, to the company. In 1937, Hughes used Hughes Tool to buy a controlling interest in TWA. [3]
In 1955, Howard Hughes split the helicopter production unit from the Hughes Aircraft Company, and reconstituted it with Hughes Tool Company, calling it Hughes Tool Company's Aircraft Division. The Aircraft Division had a focus on the production of light helicopters, mainly the Hughes 269 / 300 and the OH-6 Cayuse / Hughes 500 .
In September 1994, Summa Corporation was renamed The Howard Hughes Corporation, both to honor Howard Hughes and to fulfill his original intentions of keeping his name on the business. [ 6 ] In February 1996, Hughes's heirs sold the Howard Hughes Corporation to the Rouse Company for $520 million, plus half of any future profits from the company ...
The program was so successful that in 1984 he oversaw the sale of Hughes Helicopters to McDonnell Douglas and became president and CEO of that company until his retirement in 1987. [1] On Thanksgiving Eve 1970, Hughes suffered from a bout with pneumonia. Jack Real arranged for Hughes to be secretly moved by aircraft to the Bahamas. [8]
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Frank William Gay (September 11, 1920 – May 21, 2007) was an American executive who oversaw several entities for Howard Hughes. He was chairman of the board of directors of the Hughes Air Corporation. He served as a senior vice president and member of the board of directors for the Hughes Tool Company.