SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934




Date of report (Date of earliest event reported)       July 1, 1997
                                                 -------------------------

                                    McDonnell Douglas Corporation
                Exact name of Registrant as Specified in Charter


Maryland                            1-3685                            43-0400674
(State or Other Jurisdiction     (Commission                       (IRS Employer
of Incorporation)                File Number)                Identification No.)


Post Office Box 516, St. Louis, Missouri                              63166-0516
(Address of Principal Executive Offices)                              (Zip Code)



Registrant's telephone number, including area code       (314) 232-0232
                                                   -------------------------



<PAGE>



                    INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.           Other Events.

On July 1, 1997, the Federal Trade  Commission  announced that it had closed the
investigation  of the proposed merger between a subsidiary of The Boeing Company
and McDonnell  Douglas  Corporation,  concluding  that the proposed  transaction
would not  substantially  lessen  competition  or tend to create a  monopoly  in
either defense or commercial aircraft markets.

A copy of the press release  issued by the Federal  Trade  Commission on July 1,
1997 with respect to the proposed merger is attached hereto as Exhibit 99 and is
incorporated herein by reference.

                                    EXHIBITS


Exhibit No.

      99          Press Release


                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                          McDonnell Douglas Corporation
                                                 (Registrant)



                                       By:   /s/ F. Mark Kuhlmann
July 3, 1997                               --------------------------------  
(Date)                                     F. Mark Kuhlmann
                                           Senior Vice President and 
                                           General Counsel
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SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)       July 1, 1997
                                                 -------------------------

                                    McDonnell Douglas Corporation
                Exact name of Registrant as Specified in Charter

Maryland                            1-3685                            43-0400674
(State or Other Jurisdiction     (Commission                       (IRS Employer
of Incorporation)                File Number)                Identification No.)

Post Office Box 516, St. Louis, Missouri                              63166-0516
(Address of Principal Executive Offices)                              (Zip Code)

Registrant's telephone number, including area code       (314) 232-0232
                                                   -------------------------
INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.           Other Events.

On July 1, 1997, the Federal Trade  Commission  announced that it had closed the
investigation  of the proposed merger between a subsidiary of The Boeing Company
and McDonnell  Douglas  Corporation,  concluding  that the proposed  transaction
would not  substantially  lessen  competition  or tend to create a  monopoly  in
either defense or commercial aircraft markets.

A copy of the press release  issued by the Federal  Trade  Commission on July 1,
1997 with respect to the proposed merger is attached hereto as Exhibit 99 and is
incorporated herein by reference.

                                    EXHIBITS

Exhibit No.

      99          Press Release

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                          McDonnell Douglas Corporation
                                                 (Registrant)

                                       By:   /s/ F. Mark Kuhlmann
July 3, 1997                               --------------------------------  
(Date)                                     F. Mark Kuhlmann
                                           Senior Vice President and 
                                           General Counsel