Transcribed from back of photo: "Howard Hughes in the cockpit of the new XF-11 reconnaissance plane which he designed and built in conjuntion with Air Material Command engineers. He is preparing for its first flight. One of the world's fastest long-range photo planes, it can attain a speed of over 400 miles per hour."
Typed description on a piece of paper attached to the image: "Howard Hughes and party being welcomed at City Hall. Hughes being greeted by Jesse Jones. 7/15/38."