McDonnell Company and Douglas Aircraft Company officially merge, forming McDonnell Douglas Corp. However, the union is more of a takeover, as McDonnell buys 1.5 million shares of Douglas stock for $68 million to complete the transaction, which had been approved by the Douglas board of directors on Jan. 13.
The Air Force wants a new, affordable, air-launched standoff cruise missile ready to field in 2033. The Air Force Life Cycle Management Center announced April 6 it will hold an industry day event to conduct market research on the Standoff Attack Weapon, or SoAW, on June 17 at Eglin Air…
