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Ling-Temco-Vought, Inc.

Ling-Temco-Vought, Inc.
Item# 2374
$14.00
color: 

Details

Ling-Temco-Vought, Inc.
In 1947 James J. Ling formed the Ling Electric Company, a Dallas-based electrical construction and engineering company, with an initial investment of $2,000.

Nine years later, Ling Electric merged with L.M. Electronics of California to form Ling Electronics. In 1959, Ling Electronics merged with Altec Inc. (manufacturer of commercial sound systems) to become Ling-Altec Electronics Inc. The next year, Ling-Altec Electronics merged with Dallas-based Temco Electronics and Missile Company to become Ling-Temco Electronics Inc.

In 1961, Ling-Temco Electronics merged with Chance Vought Aircraft of Dallas (the nation's second oldest continuous producer of military aircraft, founded in 1917) and the name of the company was changed to Ling-Temco-Vought Inc.

In 1965, Ling-Temco-Vought acquired the Okonite Company (wire and cable), and two years later acquired Wilson & Company (foods, sporting, goods, pharmaceuticals and chemicals).

The acquisition spree continued in 1968 when Ling-Temco-Vought acquired Greatamerica Corporation (parent of Braniff International and National Car Rental) and also purchased majority interest in Jones & Laughlin Steel Corporation of Pittsburgh. The J&L; acquisition prompted a federal antitrust investigation and lawsuit.

In 1972 , the company changed its direction, management philosophy and name. Ling-Temco-Vought, the holding company, became the LTV Corporation, an operating company directly involved with its subsidiaries.


Certificate: Preferred Stock, issued in the 1970s

Printer: Security-Columbian Bank Note Company

Dimensions: 8 (h) x 12 (w)

State: DE-Delaware

Subject Matter: Airplane Manufacturers | Instruments and Controls

Vignette Topic(s): Male Subject | Astronomy Featured | Nature Scene

Condition: Vertical fold lines, punch hole cancels in the signature areas and border.




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