Ling-Temco-Vought (LTV) was a large American conglomerate which existed from 1961 to 2000. At its peak, it was involved in aerospace, airlines, electronics, steel manufacturing, sporting goods, meat packing, car rentals, and pharmaceuticals, among other businesses.
It began in 1947 as Ling Electric Company, later named Ling-Temco-Vought, followed by LTV Corporation and eventually LTV Steel until its end in 2001. In 1965, Ling added the wire and cable company Okonite. In 1967, they took over Wilson and Company, which was twice the size of Ling Temco Vought. Wilson was a diverse company involved in meat packing, sporting goods, and pharmaceuticals. Wilson's president Roscoe Haynie was not aware of the takeover scheme until two weeks before the takeover was complete. 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 1968, Ling-Temco-Vought added Greatamerica Corporation, Troy Post's holding company for Braniff International Airways and National Car Rental, and J & L Steel. In addition, it acquired resorts in Acapulco and Guerrero, Mexico, and Steamboat Springs, Colorado. By 1969, LTV had purchased 33 companies, employed 29,000 workers, and offered 15,000 separate products and services, and was one of the 40 biggest industrial corporations.
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