More than anything else, the late Howard Hughes loved airplanes. In 1932 he founded Hughes Aircraft, which manufactured the Winged Bullet that Hughes piloted to a U.S. transcontinental speed record of 7 hr. 28 min. at an average speed of 327 m.p.h. The company also built the famed "Spruce Goose," the eight-engine plywood plane that flew just once, with Hughes at the controls. Now a major defense contractor based in El Segundo, Calif., Hughes Aircraft is an important producer of satellites and missiles. It has high-security factories, where some of America's brightest engineers work on advanced military technology. Among its 1,500...
Hughes for Sale: GM Or Ford may be the buyer
Ford may be the buyer
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