Ling-Temco-Vought

LTVLTV SteelLTV CorporationLing-Temco-Vought, Inc.LTV-Continental ElectronicsLing-Temco Electronics, Inc.Ling-Temco-Vought ElectrosystemsLTV AerospaceLTV ElectrosystemsLTV Electrosystems, Inc.
Ling-Temco-Vought (LTV) was a large US conglomerate which existed from 1961 to 2000.wikipedia
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Conglomerate (company)

conglomerateconglomeratesconglomerate company
Ling-Temco-Vought (LTV) was a large US conglomerate which existed from 1961 to 2000.
Famous examples from the 1960s include Ling-Temco-Vought, ITT Corporation, Litton Industries, Textron, Teledyne.

James Ling

In 1947, entrepreneur James Ling founded an electrical contracting business, Ling Electric Company, in Dallas, Texas. Eventually the board of directors demoted James Ling in 1970 and he left the company, to be replaced by former Ling-Temco-Vought executive, Paul Thayer.
James Joseph "Jimmy" Ling (December 31, 1922 – December 17, 2004) was an American businessman and former head of Ling-Temco-Vought corporation.

Vought

Chance VoughtVought CorporationChance-Vought
In 1961, using additional funding from insurance businessman Troy Post and Texas oil baron David Harold Byrd they acquired Chance Vought aerospace in a hostile takeover. The company went into a series of divestitures, most notably the entire LTV Aerospace division; the aerospace component retained the legacy Vought name as the independent Vought Corporation, while the missile component later became part of Loral Corporation and later became the Lockheed Martin Missiles and Fire Control division.
These have included, in the past, Lewis and Vought Corporation, Chance Vought, Vought-Sikorsky, LTV Aerospace (part of Ling-Temco-Vought), Vought Aircraft Companies, and the current Vought Aircraft Industries.

Temco Aircraft

TemcoTemco Aircraft CoTemco Aircraft Corp.
In 1960 Ling merged the company with Temco Aircraft, best known for its missile work.
It is best known for eventually forming part of the conglomerate Ling-Temco-Vought.

Wilson Sporting Goods

WilsonWilson and CompanyWilson Defensive Player of the Year Award
In 1967, they took over Wilson and Company, a company twice the size of Ling Temco Vought. Ling later split Wilson into three parts (meat packing, sporting goods (Wilson Sporting Goods), and pharmaceuticals (Wilson Pharmaceutical and Chemical)), and spun them off into separate companies traded on the American Stock Exchange.
The packing company continued to have control in the company until 1966 when it was sold to Ling-Temco-Vought.

Altec Lansing

AltecElectrical Research Products, Inc.Altec Electronics
In 1956 Ling bought L.M. Electronics, and in 1959 added Altec Electronics, a maker of stereo systems and speakers.
By the time James Ling spun Altec Lansing off in 1974, his company, LTV-Ling-Altec, had heavy debts.

Jones and Laughlin Steel Company

Jones and Laughlin SteelJones & Laughlin SteelJ&L Steel
In 1968, Ling-Temco-Vought added Greatamerica Corporation, Troy Post's holding company for Braniff International Airways and National Car Rental, and J & L Steel. After the 1984 merger of the Jones and Laughlin Steel Company subsidiary with Republic Steel Corporation, the company continued to exist primarily as a steel producer, renaming itself LTV Steel, and moved its headquarters to Cleveland, Ohio in 1993.
Ling-Temco-Vought, Inc. of Texas offered to purchase 63 percent of J & L Steel on May 10, 1968 J&L agreeing to it on May 14, completing its purchase of 63% by June 1968 for approximately $428.5 million ($ today).

Wilbur Ross

Wilbur L. Ross, Jr.Wilbur L. RossWilbur L. Ross Jr.
The assets were acquired in February 2002 by Wilbur Ross and merged with Weirton Steel to form the International Steel Group.
He first agreed to buy the assets of bankrupt Ling-Temco-Vought for $325 million, paying $11 per ton of capacity when other firms were trading for $200 per ton of capacity.

INOLEX

Wilson Pharmaceutical and Chemical
Ling later split Wilson into three parts (meat packing, sporting goods (Wilson Sporting Goods), and pharmaceuticals (Wilson Pharmaceutical and Chemical)), and spun them off into separate companies traded on the American Stock Exchange.
In June 1967, the U.S. conglomerate Ling-Temco-Vought acquired Wilson & Company (including subsidiary Wilson-Martin Company), during a period when Ling-Temco-Vought stated that it was strategically focused on acquiring quality-focused companies that were pioneers in their industries.

LTV A-7 Corsair II

A-7 Corsair IIA-7D Corsair IIA-7
The LTV A-7 Corsair II is an American carrier-capable subsonic light attack aircraft manufactured by Ling-Temco-Vought (LTV) to replace the Douglas A-4 Skyhawk.

David Harold Byrd

D. Harold Byrd
In 1961, using additional funding from insurance businessman Troy Post and Texas oil baron David Harold Byrd they acquired Chance Vought aerospace in a hostile takeover.
which in 1961 merged with friend James Ling's electronics company and aircraft manufacturer Chance Vought Corporation to form Ling-Temco-Vought (LTV).

International Steel Group

ISGInternational Steel Group (ISG)International Steel Group Inc
The assets were acquired in February 2002 by Wilbur Ross and merged with Weirton Steel to form the International Steel Group.
International Steel Group was created in 2002, after the turn-around investment fund WL Ross & Co. LLC, purchased the LTV Steel (Ling-Temco-Vought) and Acme Steel corporations.

W. Paul Thayer

Paul ThayerWilliam Paul Thayer
Eventually the board of directors demoted James Ling in 1970 and he left the company, to be replaced by former Ling-Temco-Vought executive, Paul Thayer.
In 1965, the company was reorganized as Ling-Temco-Vought (LTV), and Thayer became president of LTV.

LTV L450F

The LTV L450F, also known as the L45ØF, was a prototype quiet reconnaissance aircraft, developed by Ling-Temco-Vought in the late 1960s for use in the Vietnam War by the United States.

ASM-135 ASAT

ASM-135ASATanti-satellite missile
The ASM-135 ASAT is an air-launched anti-satellite multistage missile that was developed by Ling-Temco-Vought's LTV Aerospace division.

Lockheed Martin Missiles and Fire Control

Lockheed Martin Missiles & Fire ControlMissiles and Fire ControlLockheed Martin
The company went into a series of divestitures, most notably the entire LTV Aerospace division; the aerospace component retained the legacy Vought name as the independent Vought Corporation, while the missile component later became part of Loral Corporation and later became the Lockheed Martin Missiles and Fire Control division.
The Grand Prairie facility dates back to being a major component of the now defunct LTV Corporation, as LTV Aerospace and Defense with "Vought" Division names, and later became part of Loral as Loral Vought Systems, before Loral's merger with Lockheed Martin.

Republic Steel

Republic Steel CorporationRepublic Iron and Steel CompanyRepublic
After the 1984 merger of the Jones and Laughlin Steel Company subsidiary with Republic Steel Corporation, the company continued to exist primarily as a steel producer, renaming itself LTV Steel, and moved its headquarters to Cleveland, Ohio in 1993.
In 1984, Republic merged into the Jones and Laughlin Steel subsidiary of the LTV Corporation, with the new entity being known as LTV Steel.

LTV XQM-93

XQM-93E-Systems XQM-93A
* LTV XQM-93
In the late 1960s, following the early microwave HALE (High Altitude Long Endurance) vehicle studies, the US Air Force worked with LTV Electrosystems (later E-Systems) under the Compass Dwell program to build an unmanned aerial vehicle (UAV) using much more conventional turboprop propulsion.

Fushi Copperweld

Copperweld CorporationCopperweld
In 1999, LTV acquired Pittsburgh-based Copperweld Corporation from Imétal S.A. of France.
In 1999, Cleveland, Ohio-based LTV Steel acquired Copperweld Corporation from Imétal for $650 million, and the subsidiary became known as LTV Copperweld. At that time, the company was the largest producer of structural steel tubing in North America with 23 plants and employing 3,500 people.

Aliquippa and Ohio River Railroad

Aliquippa and Southern Railroad
Some of the railroad subsidiaries – Chicago Short Line Railway, Cuyahoga Valley Railway, and River Terminal Railway – went to ISG, while the Ohio Central Railroad System acquired Aliquippa and Southern Railroad and Mahoning Valley Railway.
Formerly known as the Aliquippa and Southern Railroad, its owner and primary customer was LTV Steel, which mostly closed its Aliquippa plant in 1985 and sold the line to the Ohio Central in 2002.

Trammell Crow Center

After LTV departed its headquarters for Cleveland, the building was renamed the Trammell Crow Tower; it is now Trammell Crow Center.
It was originally built as the new headquarters of LTV (Ling-Temco-Vought) which had outgrown its previous headquarters at 1600 Pacific Tower.

LTV XC-142

Ling-Temco-Vought XC-142ALTV XC-142AXC-142