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McDonnell Douglas Corporation was a major American aerospace manufacturing corporation and defense contractor, formed by the merger of McDonnell Aircraft and the Douglas Aircraft Company in 1967.
Douglas' commercial contracts would allow McDonnell to withstand any downturns in procurement. [23] Conversely, McDonnell had enough revenue to help solve Douglas' financial problems; soon after the merger was announced, McDonnell bought 1.5 million shares of Douglas stock to help Douglas meet "immediate financial requirements". [24]
McDonnell management dominated the merged company. It was based at McDonnell's facility in St. Louis, with James McDonnell as chairman and CEO. [7] In 1967, with the merger of McDonnell and Douglas Aircraft, David Lewis, then president of McDonnell, was named chairman of what was called the Douglas Aircraft Division.
After the merger, McDonnell executives took charge of the combined entity, and it was McDonnell’s financial management, under Stonecipher, that prevailed. "McDonnell Douglas bought Boeing with Boeing’s money" was a joke heard in Seattle. Stonecipher was said to refer to the company’s engineers as "arrogant". [13]
Quality and cash flow problems and DC-10 development costs, combined with shortages due to the Vietnam War, led Douglas to agree to a merger with McDonnell Aircraft Corporation to form McDonnell Douglas on April 28, 1967. Douglas Sr. served as honorary chairman of the McDonnell Douglas board until his death on February 1, 1981, at the age of 88 ...
But in 1997, Dorsey said that upper management was thrown into disarray upon Boeing’s merger with McDonnell Douglas, a major American aerospace and defense company before the acquisition.
The shorter and final version, the MD-95, was renamed the Boeing 717 after McDonnell Douglas's merger with Boeing in 1997; it is powered by Rolls-Royce BR715 engines. The DC-9 family was produced between 1965 and 2006 with a total delivery of 2441 units: 976 DC-9s, 1191 MD-80s, 116 MD-90s, and 155 Boeing 717s.
[5] [6] It would become McDonnell Douglas's first commercial airliner after the merger between McDonnell Aircraft Corporation and Douglas Aircraft Company in 1967. [ 7 ] [ 8 ] An early DC-10 design proposal was for a four-engine double-deck wide-body jet airliner with a maximum seating capacity of 550 passengers and similar in length to a DC-8 .