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In 1951 Hughes Aircraft Co. built a missile plant in Tucson, Arizona due to Howard Hughes' fear that his Culver City, California plant could be attacked. 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 .
On March 1, 1958, Webb sold his share of the Flamingo hotels and Flamingo sold its share of Hiway House. Thus Webb became full owner of Hiway House, the hotel chain would be sold off in the early 1960s. As well as housing, during the 1950s, the construction company would build hospitals, hotels, and other large and small scale projects. [3] [4]
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 ...
In 1950, Simon Ramo and Dean Wooldridge while working for Hughes Aircraft, led the development of the Falcon radar-guided missile, among other projects. They grew frustrated with Howard Hughes ' management, and formed the Ramo-Wooldridge Corporation in September 1953, [ 13 ] with the financial support of Thompson Products. [ 2 ]
Seaport Entertainment Group (AMEX: SEG) is an entertainment and real estate development company based in New York City that was formed in 2024 as a spin-off of Howard Hughes Holdings. Seaport's namesake property is the South Street Seaport in Manhattan, where it owns Pier 17, the Fulton Market Building , the Tin Building, and various other ...
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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]