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Summa's money-losing mining interests in Nevada were sold by the end of 1976, while KLAS-TV and Hughes Sports Network were both sold in 1978. Hughes Airwest was sold to Republic Airlines for $38.5 million in October 1980, [4] and Hughes Helicopters was sold to McDonnell Douglas for $470 million in January 1984. [5]
Bell Atlantic - after merger with NYNEX, headquarters moved from Philadelphia to New York City; a significant workforce remains in the area Breyers - acquired by Kraft Foods and then by Unilever Jones Apparel Group - moved to New York City
Hughes Tool's majority stake in TWA was sold off in 1966. Two years later, in 1968, Hughes Tool Company purchased the North Las Vegas Air Terminal. In the late-1960s, Hughes Tool ventured into the hotel and casino business with the acquisition of the Sands, Castaways, Landmark, Frontier, Silver Slipper, and Desert Inn, all in Las Vegas.
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 .
Wing Aviation LLC, doing business as Wing, is a subsidiary of Alphabet Inc. that develops a drone delivery system and UTM systems. The company completed its first deliveries in 2014. [ 1 ] The company has operations in Australia , the United States , Finland , and Ireland , with potential expansion to the United Kingdom planned.
On Saturday, NTSB officials said the medical jet departed from a base in Florida Friday at around 12 p.m. and arrived in Northeast Philadelphia around 2:15 p.m. on Jan. 31. The jet was on the ...
Cira Centre South is a complex of two skyscrapers in the University City district of Philadelphia, Pennsylvania, directly across the Schuylkill River from Center City, Philadelphia. The complex is between Walnut Street and Chestnut Street south of 30th Street Station and the Old Post Office Building .
Goodwill is simply the difference between the price paid for a company during an acquisition and the net assets of the acquired company. The $128 billion of goodwill in this case was created when ...