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The company then 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 and later became the Lockheed Martin Missiles and Fire Control division.

After the 1984 merger of the Jones and Laughlin subsidiary with Republic Steel Corporation, the company continued to exist primarily as a steel producer, renaming itself LTV Steel, and moving its headquarters to Cleveland in 1993.