Search results
Results from the WOW.Com Content Network
HAEFCU was formed in 1940 by twelve Hughes Aircraft engineers with total assets of $60. In 2001, HAEFCU changed its name to Kinecta Federal Credit Union after Raytheon Corporation's 1997 acquisition of Hughes Aircraft Company. [1] In April 2021 Kinecta and Xceed Financial Credit Union merged. [2]
Hughes Aircraft was founded to build Hughes' H-1 Racer world speed record aircraft, and it later modified other aircraft for his transcontinental and global circumnavigation speed record flights. The company relocated to Culver City, California , in 1940 and began manufacturing aircraft parts as a subcontractor. [ 4 ]
In 1980, Raytheon acquired Beech Aircraft Corporation, a leading manufacturer of general aviation aircraft founded in 1932 by Walter H. Beech. In 1993, the company expanded its aircraft activities by adding the Hawker line of business jets by acquiring Corporate Jets Inc., the business jet product line of British Aerospace (now BAE Systems ).
Toolco paid Hughes an annual salary of $50,000, and Hughes charged all major expenses such as planes, automobiles, and houses, to the company. In 1937, Hughes used Hughes Tool to buy a controlling interest in TWA. [3] In 1932, Hughes formed Hughes Aircraft Company as a division of the Hughes Tool Company. Hughes Aircraft thrived on wartime ...
Credit union members with share accounts in multiple ownership groups will receive up to $250,000 in coverage for each ownership group. The NCUSIF insures the following ownership groups up to ...
Hughes Aircraft Company; I. Independent Subway System; J. Joe Brown's Carmel Corn; K. Kansas City Steak Company; M. Modern Art Foundry; ... Wright-Patt Credit Union ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Hughes Space Systems Division; In 1953, the Howard Hughes Medical Institute (HHMI) was formed, and Hughes Aircraft reformed as a subsidiary of the foundation. The charity status of the foundation allowed Hughes Aircraft to avoid taxes on its huge income. In 1961, the two Aerospace Group divisions were reformed as Hughes Space and Communications ...