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The Hughes Aircraft Company was a major American aerospace and defense contractor founded on February 14, 1934 by Howard Hughes in Glendale, California, as a division of Hughes Tool Company. [1] The company produced the Hughes H-4 Hercules aircraft, the atmospheric entry probe carried by the Galileo spacecraft , and the AIM-4 Falcon guided ...
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]
The Hughes Space and Communications Group and the Hughes Space Systems Division were later spun off in 1948 to form their own divisions and ultimately became the Hughes Space and Communications Company in 1961. In 1953 Howard Hughes gave all his stock in the Hughes Aircraft Company to the newly formed Howard Hughes Medical Institute, thereby ...
The Howard Hughes Corporation Announces Retirement of 6,083,333 Sponsor Warrants for $80,548,000 Cash and 1,525,272 Common Shares Shareholders Now Own 10.1% More of the Company as a Result of ...
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He later became a vice president of Hughes and a member of its policy board in 1975. In these roles he was key in helping to build the world's largest communications satellite business at Hughes Aircraft Company. Upon his retirement from Hughes in 1992, he joined with his brother Benjamin in another development project.
In 1953, Hughes Aircraft became a separate company and was donated to the Howard Hughes Medical Institute as its endowment. Hughes Aircraft's helicopter manufacturing business was retained by Hughes Tool Co. as its Aircraft Division until 1972. At the end of Prohibition in the United States, Hughes agreed to construct a brewery on company ...
Howard Hughes Holdings (NYSE: HHH) stock is soaring on Monday, with shares up by 11% at 10 a.m. ET on a day when the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) are firmly ...