GM Hughes Electronics Corporation - Specimen Stock Certificate

Specimen Stock. Printed by American Bank Note Company. Hughes Electronics Corporation was established in 1985 following the sale of Hughes Aircraft by the Howard Hughes Medical Institute to General Motors for $5.2 billion. The remaining components of Hughes Electronics are currently recognized as the DirecTV Group. On June 5, 1985, General Motors was declared the victor of a confidential five-month sealed-bid auction, with other contenders including Ford Motor Company and Boeing. The acquisition was finalized on December 20, 1985, involving approximately $5.2 billion, which comprised $2.7 billion in cash and the remainder in 50 million shares of GM Class H stock.

On December 31, 1985, General Motors integrated Hughes Aircraft with its Delco Electronics division, thereby creating Hughes Electronics Corporation as an independent subsidiary. This newly formed group included Delco Electronics Corporation and Hughes Aircraft Company. In August 1992, Hughes Aircraft successfully acquired General Dynamics' missile divisions for $450 million, which expanded Hughes' portfolio to include the Tomahawk Cruise Missile, Advanced Cruise Missile, Standard missile, Stinger missile, Phalanx Close-in Weapon System, and Rolling Airframe Missile.