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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 ...
Jan 6, 1998 · Raytheon has completed its merger with Hughes Aircraft, creating the USA's third- largest defence-aerospace company, with combined annual sales of more than $20 billion. Raytheon paid $9.5...
- Flight Global
Dec 19, 1997 · Raytheon Chairman Dennis Picard yesterday announced completion of the company's merger with Hughes, a $9.5 billion transaction that created one of the largest industrial corporations in the...
Ramo and Wooldridge left Hughes Aircraft in 1953 to start their own firm, which later became TRW, a significant developer and manufacturer for the defense and aerospace industries.
The Hughes Aircraft Company was sold to General Motors for $4 billion, the proceeds of which funded the Howard Hughes Medical Institute in Chevy Chase Maryland, and is now the wealthiest charitable trust in the world with assets of nearly $13 billion.
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.
Jan 17, 1997 · The defense operations of Hughes Electronics Corp., long a symbol of Southern California’s dominance of the U.S. aerospace industry, will be acquired by East Coast rival Raytheon Corp. in a...
