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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.
A sixth plant employee sustained gunshot wounds during the shooting and was hospitalized with non-life-threatening injuries. [13] The six injured police officers ranged in age from 23 to 59. Four of them sustained gunshot wounds, one was injured by shrapnel, and one had a non-gunshot injury sustained while responding to the shooting.
Commander J. L. Felsman, US Navy, was killed in a McDonnell F4H Phantom II, BuNo 145316, during the first attempt at "Operation Sageburner" speed record at White Sands Missile Range, New Mexico, when his aircraft disintegrated in the air after pitch damper failure. [79] "The resulting pilot-induced oscillation generated over 12 Gs.
This became the "new" Hughes Tool Company while the remaining divisions of the business were placed in a new holding company, the Summa Corporation. During the 1979 visit by Deng Xiaoping to the United States, Deng visited the company's Houston plant. [8] Hughes Tool Company merged with Baker International to form Baker Hughes Incorporated in ...
At least eight people in were injured in Decatur, Illinois, after an explosion at a processing plant operated by Archer Daniels Midland Company, officials said. Explosion at Illinois processing ...
Hughes Aircraft was awarded a contract for a subsonic missile under the project designation MX-798, which soon gave way to the supersonic MX-904 in 1947. The original purpose of the weapon was as a self-defense weapon for bomber aircraft , which would carry a magazine of three missiles in the rear fuselage, and fire them through a long tube ...
The Hughes D-2 was an American fighter and bomber project begun by Howard Hughes as a private venture. It never proceeded past the flight testing phase but was the predecessor of the Hughes XF-11 . The sole D-2 was completed in 1942–1943.