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Hughes Tool Company was an American manufacturer of drill bits. Founded in 1908, [1] ... In 1972, Howard Hughes sold the Hughes Tool Company; it had been the ...
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 ...
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. In 1972, the company sold its tool business to investors via an initial public offering as a new entity named Hughes Tool Company.
In 1902, Sharp, Ed Prather, and Howard Hughes Sr., founded the Moonshine Oil Company. In 1905, Producers Oil, a Texaco affiliate, bought Moonshine Oil. [3] Sharp was also co-founder of the Sharp-Hughes Tool Company, which was renamed the Hughes Tool Company on Sharp's death in 1912 after Sharp's widow Estelle sold her shares to Hughes.
Frank William Gay (September 11, 1920 – May 21, 2007) was an American executive who oversaw several entities for Howard Hughes. He was chairman of the board of directors of the Hughes Air Corporation. He served as a senior vice president and member of the board of directors for the Hughes Tool Company.