FTC ALLOWS MERGER OF THE BOEING COMPANY AND MCDONNELL DOUGLAS CORPORATION

The Federal Trade Commission staff has closed its investigation of the proposed merger of The Boeing Company and McDonnell Douglas Corporation.

The Commission has determined that no further action is warranted at this time.

Chairman Robert Pitofsky and Commissioners Janet D. Steiger, Roscoe B. Starek III, and Christine A. Varney issued a joint statement. Commissioner Mary L. Azcuenaga issued a separate statement. Both statements are attached.

Copies of the letter closing the investigation and the Commissioners' statements will be available on the Internet at the FTC's World Wide Web site at: http://www.ftc.gov (no period). FTC documents also are available from the FTC's Public Reference Branch, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-326-2222; TTY for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC's NewsPhone recording at 202-326-210.

Media Contact:

Victoria Streitfeld or Bonnie Jansen
Office of Public Affairs
202-326-2718 or 326-2161

Staff Contact:

William J. Baer
Bureau of Competition
202-326-2932

George S. Cary
Bureau of Competition
202-326-3741

(FTC File No. 971-0051)