McDonnell Douglas Corp – ‘10-K’ for 12/31/96 – EX-21

As of:  Monday, 3/17/97   ·   For:  12/31/96   ·   Accession #:  63917-97-5   ·   File #:  1-03685   ·   Correction:  This Filing was Corrected by the SEC on 5/29/97. ®

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         27    106K 
 2: EX-2        Agreement and Plan of Merger                          75    214K 
 3: EX-4.I      Form of 6-7/8% Notes Due November 1, 2006              4     23K 
 4: EX-10.F     Mdc Senior Executive Financial/Legal Services Plan     4     13K 
 5: EX-10.G     Deferred Comp. Plan for Nonemployee Directors          7     29K 
 6: EX-10.L     Employment Agreement                                  12     46K 
 7: EX-10.M     Restricted Stock Award Agreement                       3     18K 
 8: EX-10.N     Form of Termination Benefits Agreement                21     95K 
 9: EX-10.O     Settlement Agreement                                   9     39K 
10: EX-10.P     Settlement Agreement                                  10     40K 
11: EX-10.S     Form of 1997 Pars Agreement-Service Based              4     20K 
12: EX-10.T     Form of 1997 Pars Agreement - Performance Based        5     23K 
13: EX-11       Computation of Earnings Per Share                      1      7K 
14: EX-12       Computation of Ratio of Earnings to Fixed Charges      1      9K 
15: EX-13       Annual Report to Shareholders                         69    254K 
16: EX-21       Subsidiaries                                           1      8K 
17: EX-23       Consents of Independent Auditors                       2     13K 
18: EX-27       Financial Data Schedule                                1      9K 

EX-21   —   Subsidiaries

                                                            Exhibit 21

 MCDONNELL DOUGLAS CORPORATION
SUBSIDIARIES (1)

State or Other              
Jurisdiction of             
Company               Incorporation          Business Name            
-------              ---------------         -------------            

McDonnell Douglas             Canada             McDonnell Douglas              
Canada LTD (2)                                 Canada LTD or MDCAN          

McDonnell Douglas             Delaware           McDonnell Douglas              
Commercial Delta,                              Commercial Delta, Inc.       
Inc. (2)                                       or MDCD                      

McDonnell Douglas             Delaware           McDonnell Douglas              
Helicopter Company (2)                         Helicopter Company           
                                       or MDHC and McDonnell
                                    Douglas Helicopter
                                 Systems or MDHS

McDonnell Douglas Finance     Delaware           McDonnell Douglas              
Corporation (3)                                Finance Corporation          
                         or MDFC

McDonnell Douglas             California         McDonnell Douglas              
Realty Company (2)                             Realty Company               
                         or MDRC

MDFC Equipment                Delaware           MDFC Equipment                 
Leasing Corporation (4)                        Leasing Corporation          
                            or MDFCELC

MDFC-Lakewood Company (3)     Delaware           MDFC-Lakewood                  
                                    Company or MDFCLKC

(1)  All other  subsidiaries have been omitted from this listing,  as considered
     in the  aggregate  as a single  subsidiary,  they  would not  constitute  a
significant subsidiary.                                               

(2)  A consolidated subsidiary meeting the test as a significant subsidiary.    

(3)  A  consolidated   subsidiary  of  McDonnell  Douglas   Financial   Services
     Corporation  (not  a  significant   subsidiary)   meeting  the  test  as  a
significant subsidiary.                                               

(4)  A consolidated  subsidiary of McDonnell Douglas Finance Corporation meeting
the test as a significant subsidiary.