In September 1996, Hughes purchased 70% of PanAmSatВ for $3 billion. [16]В In 1997, GM spun off Delco Electronics from Hughes and transferred it to Delphi Automotive Systems. [17]В That same year, Hughes Aircraft was sold to RaytheonВ for $9.5 billion. [18]В Raytheon filed a lawsuit in 1999 accusing Hughes of overstating the value of Hughes Aircraft by $1 billion. [19]В A $635.5-million settlement was reached in 2001. [20]В In 2000, Hughes Space and Communications was sold to BoeingВ for $3.75 billion, [21]В which it later claimed had also been overvalued by Hughes. Hughes later settled with Boeing for $360 million. [22]В These sales left DirecTV, PanAmSat and Hughes Network Systems as the remaining components of Hughes Electronics. adobe captivate 8 discount
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