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South Dakota Travel on This was essentially due to its failure to devote sufficiently high RESEARCH AND DEVELOPMENT (R&D) to develop high quality civil airplanes. After MD faced serious financial difficulties in the 1990s, and as defense spending slowed significantly, Boeing acquired MD in 1997, after intense scrutiny by both the United States and European ANTITRUST commissions. Boeing’s biggest increase in market share came with the jet age, beginning in 1959. Boeing’s first jet, the 707, successfully commercialized the technology developed with an earlier-awarded U.S. government military contract. In 1967, Boeing introduced the 737, and followed this with its most successful plane, the 747, in 1970. South Dakota Travel 2016.