Chance Vought Aircraft, Incorporated
Chance Vought Aircraft, Incorporated
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Chance Vought Aircraft, Incorporated
June 30, 1954
American Bank Note Company
12" (w) by 8" (h)
Show the exact certificate you will receive
The Lewis and Vought Corporation was founded in 1917 and was soon succeeded by the Chance Vought Corporation in 1922 when Birdseye Lewis retired. A former chief engineer of the Wright Company, Chance M. Vought founded the company to take advantage of the growing field of military and civilian aviation after World War I. Operations began in Astoria, New York and in 1919 were moved to Long Island City, New York.
Vought died from septicemia in 1930, but in that short time period succeeded in producing a variety of fighters, trainers, flying boats, and surveillance aircraft for the United States Navy and the United States Army Air Service. Vought made history in 1922 when their Vought VE-7 trainer made the first takeoff from the deck of the USS Langley, the first American aircraft carrier. Following this success came the VE-11 naval fighter and the Vought O2U Corsair, the first of the Corsair aircraft.
In 1928, the company was acquired by United Aircraft and Transport Corporation, but stayed its own separate division among the likes of Pratt & Whitney and Boeing.
Despite the Great Depression, Vought continued to design and manufacture aircraft at a growing pace. Soon after Chance Vought's death in 1930, the company moved its operations to East Hartford, Connecticut. Under the Air Mail Act of 1934, United Aircraft and Transportation Corp. was forced by law to divide its businesses, resulting in Boeing Aircraft, United Airlines, and the United Aircraft Corporation, of which Vought was a part. In 1939 United Aircraft moved Vought to Stratford, Connecticut where their Sikorsky division was located and renamed the merged divisions Vought-Sikorsky Aircraft.
Chief Engineer Rex Beisel began in 1938 to develop the XF4U, recognized by its distinctive inverted gull wings. After its first flight in 1940, thousands of F4U Corsairs were produced for the Navy and Marines in World War II. By the end of its production in 1952, Vought, Goodyear, and Brewster had all produced the Corsair fighters. Vought was reestablished as a separate division in United Aircraft in 1942.
In postwar 1949, Vought moved operations to Dallas, Texas where the former North American Aviation "B" plant was located. Initiated by the Navy, who feared having their two main aircraft manufacturers located on the East Coast posed an unnecessary risk, Vought moved 27 million pounds of equipment and 1300 employees in 14 months, a record breaking industrial move at the time.
In 1954, the company fully separated from United Aircraft and became the independent Chance Vought Aircraft Inc.
Vought began manufacture of its F-8 Crusader for the US Navy in 1957, one of the first Navy fighters capable of supersonic flight and the Navy's last all-gun fighter. The same basic design was later heavily revised and shortened to produce Vought's A-7 Corsair II, a carrier-borne close air support and attack plane in 1965, an aircraft which would become heavily engaged in a variety of close support and strike missions during the Vietnam War, beginning in 1967. The A-7 has also participated in the US invasion of Grenada in 1983; a punitive raid on Syrian missile sites, in 1983; reprisal raids against Libya during Operation El Dorado Canyon, in 1986; strikes against Iranian coastal platforms and naval forces during Operation Praying Mantis, in 1988; support of the 1989 invasion of Panama; and throughout operations during Desert Storm in 1991. The A-7A, A-7B, A-7C and A-7E served with the US Navy while the A-7D was purchased by the US Air Force and Air National Guard. Two-seat models known as the TA-7C/E served with the US Navy while the US Air Force purchased the TA-7K. The A-7 served in limited numbers with three foreign air forces, including Greece (A-7H/TA-7H), Portugal (A-7P/TA-7P) and Thailand (ex-USN A-7E/TA-7E).
LTV Acquisition 1960–1990
Vought was bought by James Ling in 1962, forming the new conglomerate Ling-Temco-Vought (LTV). Yet despite the buyout, Vought Aeronautics and Vought Missiles and Space continued to develop and produce for the Air Force and Navy under the umbrella of LTV Aerospace. By the early 1980s, LTV was struggling, and Vought suffered heavy layoffs. The first of two decades of reorganizations began in 1972 with the creation of Vought Systems by the merging of the Vought Missiles and Space and Aeronautics divisions.
All of LTV Aerospace was renamed the Vought Corporation in 1976, but by 1983 the Vought company was again split along aeronautic and missile lines under LTV Aerospace and Defense.
1992 proved the end of Vought's relationship with LTV. In mid-year the aircraft division was purchased by Northrop and the Carlyle Group, each owning roughly 50% of the company. The missile division was sold to the Loral Corporation, part of Lockheed Martin Missiles and Fire Control.
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