(LTV) was the parent company of Vought Aircraft from 1961
1961: Vought merges with Ling-Temco
Electronics to form Ling-Temco Vought (LTV).
1970s: Troubles at LTV force Vought to
scale back. Vought re-focuses on aircraft component
subcontracting and missile systems.
1992: LTV finally declares bankruptcy with
its aircraft business being purchased by the Carlyle Group and Northrop.
The aircraft division is renamed Vought Aircraft.