Hughes Confirms Sale of Irvine Unit: Hughes...
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Hughes Confirms Sale of Irvine Unit: Hughes Aircraft Co. confirmed Friday that it has sold its Interconnect Systems Division to Packard Electric, which renamed the subsidiary Packard/Hughes Interconnect Systems. Terms of the agreement were not disclosed.
The division, which employs about 400 people, will remain headquartered in Irvine. It manufactures electronic connectors used in the automotive and aerospace industries. Packard Electric, based in Warren, Ohio, and Hughes Aircraft are both subsidiaries of General Motors Corp.
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