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McDONNELL DOUGLAS ANNOUNCES CONVERSION OF THE MATCHING CONTRIBUTION PORTION OF ITS SALARIED SAVINGS PLAN

 McDONNELL DOUGLAS ANNOUNCES CONVERSION OF THE MATCHING
 CONTRIBUTION PORTION OF ITS SALARIED SAVINGS PLAN
 ST. LOUIS, Aug. 11 /PRNewswire/ -- McDonnell Douglas (NYSE: MD) announced today that it is converting the matching contribution portion of the corporation's salaried savings plan to a leveraged Employee Stock Ownership Plan (ESOP).
 The leveraged ESOP permits the corporation to pre-fund its matching contributions. The ESOP will borrow up to $50 million to acquire McDonnell Douglas common stock in the open market.
 McDonnell Douglas also announced that its pension fund may from time to time purchase McDonnell Douglas debt securities in the open market or in connection with a new issuance of securities.
 -0- 8/11/92
 /CONTACT: Andrew Wilson of McDonnell Douglas, 314-233-1038/
 (MD) CO: McDonnell Douglas Corp. ST: Missouri IN: ARO AIR SU:


AL -- LA026 -- 9076 08/11/92 15:33 EDT
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Publication:PR Newswire
Date:Aug 11, 1992
Words:138
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