Transcribed from attached press release: "HUGHES TEST-PILOTS SECOND XF-11. CULVER CITY, Calif., April 5. Preparatory to making its first flight test today, Howard Hughes, famed flier-industrialist, is shown in the cockpit of the second XF-11 sister ship to the plane in which he almost lost his life in an accident last July 7. Hughes designed and built the ship, one of the world's fastest long-range reconnaissance planes for the Army Air forces in conjunction with the Air Materiel Command engineers."
Transcribed from back of photo: "Howard Hughes (in cockpit) warms up the XF-11 for its initial test flight. It is one of the world's fastest long-range photographic planes, July 7, 1946."