One of the most successful and most essential companies in the U.S. aircraft industry is California's Hughes Aircraft Co., owned by eccentric Millionaire Howard Hughes. Concentrating almost entirely on electronics, it is the sole maker of radar for Air Force interceptor planes, the sole builder of fire-control devices for Navy Banshee fighters. It also developed controls for an air-to-air guided missile so accurate that tests of it were stopped because it was destroying too many drone planes.
But last week Howard Hughes, who has had plenty of troubles with RKO and other...
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