Ling-Temco-Vought (LTV) was a large U.S. conglomerate which existed from 1969 to 2000. At its peak, its component parts were involved in the aerospace industry, electronics, steel manufacturing, sporting goods, the airline industry, meat packing, car rentals and pharmaceuticals, among other businesses.
In 1947 entrepreneur James Ling founded his own Dallas electrical contracting business, Ling Electric Company, where he lived in the rear of the s...
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Ling-Temco-Vought (LTV) was a large U.S. conglomerate which existed from 1969 to 2000. At its peak, its component parts were involved in the aerospace industry, electronics, steel manufacturing, sporting goods, the airline industry, meat packing, car rentals and pharmaceuticals, among other businesses.
In 1947 entrepreneur James Ling founded his own Dallas electrical contracting business, Ling Electric Company, where he lived in the rear of the shop. After incorporating and taking his company public in 1955, Ling found innovative ways to market his stock, including selling door-to-door and from a booth at the State Fair of Texas.
In 1956, Ling bought L.M. Electronics, and in 1959 added Altec Electronics, a maker of stereo systems and speakers. In 1960, Ling merged his company with Temco Aircraft, best known for its missile work, and using additional funding from insurance businessman Troy Post, they bought the Chance Vought aerospace firm. The new company became Ling-Temco-Vought,...
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