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By the end of that year, the U.S. Air Force had purchased the property and contracted Hughes (and subsequently Raytheon [18]) to operate the site as Air Force Plant 44. Howard Hughes donated Hughes Aircraft to the newly formed Howard Hughes Medical Institute (HHMI) in 1953 allegedly as a way of avoiding taxes on its huge income. [19]
The Howard Hughes Medical Institute's new board of trustees sold Hughes Aircraft in 1985 to General Motors for $5.2 billion, allowing the institute to grow dramatically. In 1954, Hughes transferred Hughes Aircraft to the foundation, which paid Hughes Tool Co. $18,000,000 for the assets.
Leighton, David, ""The History of the Hughes Missile Plant in Tucson, 1947-1960," Private Publication, 2015; McCarthy Jr. Donald J. MiG Killers, A Chronology of U.S. Air Victories in Vietnam 1965-1973. 2009, Specialty Press. ISBN 978-1-58007-136-9. Michel III, Marshall L. Clashes, Air Combat Over North Vietnam 1965-1972. 1997, Naval Institute ...
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The Hughes AIM-47 Falcon, originally GAR-9, was a very long-range high-performance air-to-air missile that shared the basic design of the earlier AIM-4 Falcon.It was developed in 1958 along with the new Hughes AN/ASG-18 radar fire-control system intended to arm the Mach 3 XF-108 Rapier interceptor aircraft and, after that jet's cancellation, the YF-12A (whose production was itself cancelled ...
The ship-launched SM-6 missile, also known as the RIM-174, is believed to have a range of up to 230 miles, and it saw combat for the first time last fall against the Houthis. The missile is a ...
His hedge fund has offered to purchase about 11.8 million shares in Howard Hughes Holdings (HHH) for $85 apiece, a premium that would mostly be paid in cash. Pershing would form a subsidiary that ...
The AGM-65 Maverick is an air-to-ground missile (AGM) designed for close air support.It is the most widely produced precision-guided missile in the Western world, [4] and is effective against a wide range of tactical targets, including armor, air defenses, ships, ground transportation and fuel storage facilities.