Word: mergers
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Dates: during 1970-1979
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...They are finding that big Pentagon contracts, once frequent, are becoming frustratingly scarce. Thus, when the McDonnell Douglas Co. of St. Louis finally won the F-15 award over two competitors last week, it was a considerable coup for the No. 1 firm in the industry since the 1967 merger of McDonnell Co. and Douglas Aircraft. The contract calls for design and production of an initial 20 planes at a cost of $ 1.15 billion not including the cost of the engines, for which a contract has not yet been awarded. But the total order could easily swell...