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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 formally accepted McDonnell's offer in December 1966, and the two firms officially merged on April 28, 1967, as the McDonnell Douglas Corporation (MDC). Soon after the merger was announced, McDonnell bought 1.5 million shares of Douglas stock to help Douglas meet "immediate financial requirements". [6]
The Douglas Aircraft Company was an American aerospace and defense company based in Southern California. Founded in 1921 by Donald Wills Douglas Sr., it merged with McDonnell Aircraft in 1967 to form McDonnell Douglas, where it operated as a division. McDonnell Douglas merged with Boeing in 1997.
John F. McDonnell (born 1938) is an American businessman, engineer, and philanthropist. McDonnell served as the chairman of the McDonnell Douglas Corporation from 1988 until its merger with Boeing in 1997 and its chief executive officer from 1988 until 1994.
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 ...
James Smith "Mac" McDonnell (April 9, 1899 – August 22, 1980) was an American aviator, engineer, and businessman. He was an aviation pioneer and founder of McDonnell Aircraft Corporation, later McDonnell Douglas (which is now Boeing, after the latter's company merger in 1997), and the James S. McDonnell Foundation.
McDonnell Aircraft Corporation (1 C, 3 P) Pages in category "McDonnell Douglas mergers and acquisitions" The following 7 pages are in this category, out of 7 total.
He was the president of the Douglas Aircraft Company, which his father, Donald Wills Douglas Sr. founded, from 1957 to 1967, when the company merged with McDonnell Aircraft Corporation. He was on the board of directors of Douglas Aircraft from 1953 until the merger, then on the board of McDonnell Douglas from 1967 to 1989. He was involved in ...