What's Ahead in Aerospace: Boeing paid too much for Hughes, despite the benefits, Albaugh says

Staff September 15, 2003
PAYING TOO MUCH: Boeing paid too much for Hughes Space & Communications, despite the benefits the unit has brought, according to Jim Albaugh, president of Boeing's Integrated Defense Systems. Boeing paid $3.75 billion to acquire Hughes in January 2000. Acquiring Hughes has allowed Boeing to...

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