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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 ...
HRL Laboratories (formerly Hughes Research Laboratories) is a research center in Malibu, California, established in 1960. Formerly the research arm of Hughes Aircraft, it is currently owned by General Motors Corporation and Boeing. It is housed in two large, white multi-story buildings overlooking the Pacific Ocean.
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The charity status of the foundation allowed Hughes Aircraft to avoid taxes on its huge income. In 1961, the two Aerospace Group divisions were reformed as Hughes Space and Communications Company. Hughes Space and Communications Company launched the first geosynchronous communications satellite, Syncom, in 1963.
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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.
Kinecta was originally known as the Hughes Aircraft Employees Federal Credit Union (HAEFCU). HAEFCU was formed in 1940 by twelve Hughes Aircraft engineers with total assets of $60. In 2001, HAEFCU changed its name to Kinecta Federal Credit Union after Raytheon Corporation's 1997 acquisition of Hughes Aircraft Company. [1]
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