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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 Corporation and Riverside Investment & Development purchased the site in 2014, and plans for a new building were announced in early 2017, being approved by the Chicago Plan Commission in March and again in revised form in December. [9] In 2017 GGP agreed to leave the premises starting in early 2018. [8]
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.
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 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 ...
Satellite photos show Israel hit Iran former nuclear weapons test building, missile facilities, researchers say. Jonathan Landay. ... These 10 bestselling mattresses are on sale for Black Friday. AOL.
Raytheon Missiles & Defense (RMD) was one of four business segments of RTX Corporation.Headquartered in Tucson, Arizona, its president was Wes Kremer. [1] The business produced a broad portfolio of advanced technologies, including air and missile defense systems, precision weapons, radars, and command and control systems. [2]
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