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The Hughes Model 269 was known to the U.S. Army as the TH-55 Osage. In 1947, Howard Hughes redirected the Hughes Aircraft Company's efforts from airplanes to helicopters. . The effort began in earnest in 1948, when helicopter manufacturer Kellett Autogiro Corporation sold their latest design to Hughes for product
In 1955, Howard Hughes split the helicopter production unit from the Hughes Aircraft Company, and reconstituted it with Hughes Tool Company, calling it Hughes Tool Company's Aircraft Division. The Aircraft Division had a focus on the production of light helicopters, mainly the Hughes 269 / 300 and the OH-6 Cayuse / Hughes 500 .
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.
By the mid-1990s, the former Hughes Aircraft hangars at Hughes Airport, including the one that held the Hercules, were converted into sound stages. Scenes from movies such as Titanic , What Women Want and End of Days have been filmed in the 315,000-square-foot (29,300 m 2 ) aircraft hangar where Howard Hughes created the flying boat.
Hughes is reported to have told his confidant, Jack Real, that he lost over $100 million to construct 1,370 airframes. [8] [9] It was reported that Howard Hughes had directed his company to submit a bid at a price beneath the actual production cost of the helicopter in order to secure this order. Accordingly, this tactic had resulted in ...
Late billionaire Howard Hughes once literally lost the shirt off his back -- and it can now be yours. Eccentric billionaire Howard Hughes’ items up for auction — including shirt lost in crap ...
The Hughes TH-55 Osage is a piston-powered light training helicopter produced for the United States Army.It was also produced as the Model 269 family of light utility helicopters, some of which were marketed as the Model 300.
Howard was stunned — not at the request but at the fact that her daughter knew where she was. It turned out she was being tracked — and had been for two years.