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Trans World Airlines (TWA) was a major airline in the United States that operated from 1930 until it was acquired by American Airlines in 2001. It was formed as Transcontinental & Western Air to operate a route from New York City to Los Angeles via St. Louis, Kansas City, and other stops, with Ford Trimotors.
Hughes is commonly credited as the driving force behind the Lockheed Constellation airliner, which Hughes and Frye ordered in 1939 as a long-range replacement for TWA's fleet of Boeing 307 Stratoliners. Hughes personally financed TWA's acquisition of 40 Constellations for $18 million, the largest aircraft order in history up to that time.
The Hughes H-4 Hercules (commonly known as the Spruce Goose; registration NX37602) is a prototype strategic airlift flying boat designed and built by the Hughes Aircraft Company. Intended as a transatlantic flight transport for use during World War II , it was not completed in time to be used in the war.
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 .
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Baker Hughes (NYS: BHI) carries $7.5 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
Acquiring Petry is the latest move in a busy offseason of additions for the Red Wings. And it came at a bargain price, getting Petry at less than half his salary: just over $2.3 million for each ...
The most significant change was the fitting of a new set of wings of increased span, giving it a lower wing loading. On January 19, 1937, a year and a half after setting the landplane speed record in the H-1, Hughes broke his own transcontinental speed record by flying non-stop from Los Angeles to New York City in 7 hours, 28 minutes and 25 ...