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The company was established in December 1908 [1] as Sharp-Hughes Tool Company when Howard R. Hughes Sr. patented a roller cutter bit that dramatically improved the rotary drilling process for oil drilling rigs. He partnered with longtime business associate Walter Benona Sharp to manufacture and market the bit.
Howard Robard Hughes Sr. (September 9, 1869 – January 14, 1924) was an American businessman and inventor who founded the Hughes Tool Company. He invented the "Sharp–Hughes" two-cone rotary drill bit during the Texas Oil Boom .
In 1932 Hughes founded the Hughes Aircraft Company, a division of Hughes Tool Company, in a rented corner of a Lockheed Aircraft Corporation hangar in Burbank, California, to build the H-1 racer. Shortly after founding the company, Hughes used the alias "Charles Howard" to accept a job as a baggage handler for American Airlines.
In November 1925, at the age of 36, Dietrich met 19-year-old Hughes, who had gained control of Hughes Tool Company after buying out the other family heirs. Started by his father, Howard R. Hughes, Sr., Hughes Tool Company – or Toolco – manufactured oil drilling equipment, especially the multiple-edge, revolving-teeth roller cutter drill bits the elder Hughes invented.
The Hughes Aircraft Company was a major American aerospace and defense contractor founded on February 14, 1934 by Howard Hughes in Glendale, California, as a division of Hughes Tool Company. [1] The company produced the Hughes H-4 Hercules aircraft, the atmospheric entry probe carried by the Galileo spacecraft , and the AIM-4 Falcon guided ...
David Lloyd, co-founder of Boom Radio, said Hughes had been a "huge figure" in commercial radio. "What a voice - and he knew how to command an audience with it," he added. You can follow BBC ...
Christopher Nolan Says His Unmade Howard Hughes Biopic With Jim Carrey Made ‘Oppenheimer’ Easier, Calls Potential Bond Directing Gig an ‘Amazing Privilege’ Zack Sharf July 20, 2023 at 6:02 PM
Before 1972, Summa Corporation was named Hughes Tool Company.It was established in 1908 as a manufacturer of oil drilling tools. Under the ownership of Howard Hughes, the company expanded over the years into various other businesses, including aviation, media, and casino hotels.