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Following Boeing's 1996 acquisition of Rockwell's North American division, McDonnell Douglas merged with Boeing in August 1997 in a US$13 billion stock swap, with Boeing as the surviving company. [ 1 ] [ 55 ] Boeing introduced a new corporate identity based on the McDonnell Douglas logo, which showed the globe being encircled in tribute to the ...
Northrop Corporation was an American aircraft manufacturer from its formation in 1939 until its 1994 merger with Grumman to form Northrop Grumman. The company is known for its development of the flying wing design, most successfully the B-2 Spirit stealth bomber.
Douglas Dorsey worked on the shop floor at Boeing as an engineer for over 30 years. He said problems began in the late 1990s during a merger.
Northrop was the prime contractor on the radical YF-23 which was one of two candidates for the Advanced Tactical Fighter but would eventually lose to the F-22 Raptor. [45] Northrop later partnered with Lockheed on the F-35 and serves as a principal member of the Lockheed Martin industry led team. [12]
Airline stocks are down in what has turned out to be a bumpy start to 2024 spurred by Boeing's mid-air accident and a blocked merger. Boeing lost $35 billion in market cap this year, dragging down ...
The last Long Beach-built commercial aircraft, the Boeing 717 (third generation version of the Douglas DC-9), ceased production in May 2006. By 2011, the Boeing C-17 Globemaster III was the last aircraft being assembled at the Long Beach facility; the final C-17 was assembled in late 2015. [26]
Boeing completed its first non-union plant in 2009, just a year after the 2008 strike, and builds the 787 Dreamliner there to this day. It stopped building the Dreamliner at a unionized plant in ...
The same month, a deal to merge Leidos with the entirety of Lockheed Martin's Information Systems & Global Solutions (IS&GS) business came to a close. [ 65 ] [ 66 ] In May 2017, during a visit to Saudi Arabia by President Donald Trump, Saudi Arabia signed business deals worth tens of billions of dollars with U.S. companies, including Lockheed ...