Description given with photo: "Losing Money on Flying Boat, Says Hughes, Culver City, Calif.: Howard Hughes (center, facing camera) makes his first appearance before the press since the start of the senate investigation into his multi-million dollar plane contracts. Hughes said the government is getting its $18,000,000 worth out of his big, eight-engined flying boat but he's losing money. the plane has yet to be flown. Credit (ACME). 7-30-47."
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."
Howard Hughes in the Lockheed 14. Typed on a piece of paper attached to the image: "As Howard Hughes took off from Coast for flight east. Los Angeles, California-- The huge Lockheed "Flying Laboratory" of Howard Hughes, millionaire oil man and speed flyer, taking off from here for the flight to New York, from where he will take off for Paris. Credit Line (ACME) 7/4/1938."