Hughes Tool Company
Hughes Tool Company
was established in
1909
when
Howard R. Hughes, Sr.
introduced the first roller cutter bit that dramatically improved the rotary
drilling
process. When Hughes, Sr. died the company was left to
Howard Hughes Jr.
, who at the time was a student at
Rice University
. In
1932
,
Howard Hughes Jr.
formed
Hughes Aircraft
as a division of the Hughes Tool Company. In
1936
this became a separate company. In
1972
, Howard Hughes sold the tool division of the Hughes Tool Company. This became the "new" Hughes Tool Company while the remaining parts of the business were placed in a new holding company, the
Summa Corporation
. In
1987
, the company
merged
with
Baker International
to form
Baker Hughes Incorporated
.
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