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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. Howard Hughes donated Hughes Aircraft to the newly formed Howard Hughes Medical Institute (HHMI) in 1953 allegedly as a way of avoiding taxes on its huge income. [19]
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 ...
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The ship-launched SM-6 missile, also known as the RIM-174, is believed to have a range of up to 230 miles, and it saw combat for the first time last fall against the Houthis. The missile is a ...
His hedge fund has offered to purchase about 11.8 million shares in Howard Hughes Holdings (HHH) for $85 apiece, a premium that would mostly be paid in cash. Pershing would form a subsidiary that ...
The Hughes AIM-47 Falcon, originally GAR-9, was a very long-range high-performance air-to-air missile that shared the basic design of the earlier AIM-4 Falcon.It was developed in 1958 along with the new Hughes AN/ASG-18 radar fire-control system intended to arm the Mach 3 XF-108 Rapier interceptor aircraft and, after that jet's cancellation, the YF-12A (whose production was itself cancelled ...
Stellantis also confirmed new investments at its Toledo assembly plant, where the Jeep Wrangler and Gladiator are built, which will result in additional tech and more product features for those ...