Editing Ling-Temco-Vought (section)

====First bankruptcy====
In July 1986, LTV Corporation filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy protection]]. With $6.14&nbsp;billion (${{formatprice|{{inflation|USD|6140000000|1986}}}} today) in total assets and $4.59&nbsp;billion in debt, it was the largest bankruptcy in US history to that point.<ref>{{cite news |url= https://www.nytimes.com/1986/07/18/business/ltv-corp-files-for-bankruptcy-debt-is-4-billion.html |title= LTV Corp. Files for Bankruptcy; Debt is $4 Billion |first= Thomas C. |last= Hayes |newspaper= The New York Times |date= July 18, 1986 }}</ref>

The company went into a series of [[divestment|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 Corporation]]<ref>{{cite news |url= https://www.latimes.com/archives/la-xpm-1992-09-01-fi-6774-story.html |title= Loral Acquires Missile Branch of LTV Corp. |first= Dean |last= Takahashi |newspaper= Los Angeles Times |date= September 1, 1992 }}</ref> and later became the [[Lockheed Martin Missiles and Fire Control]] division. After the 1984 merger of the [[Jones and Laughlin Steel Company]] subsidiary with [[Republic Steel|Republic Steel Corporation]], the company continued to exist primarily as a steel producer, renaming itself '''LTV Steel''', and moved its headquarters to [[Cleveland, Ohio]], in 1993.

LTV did not leave Chapter 11 bankruptcy protection until June 28, 1993, in what was described in 1999 as one of the longest and most complicated bankruptcies in US history.<ref name="FundingUniverse" />

In 1999, LTV acquired [[Pittsburgh]]-based [[Fushi Copperweld|Copperweld Corporation]] from [[Imerys|Imétal S.A.]] of France.<ref>{{cite web |url= http://www.prnewswire.com/news-releases/ltv-to-purchase-copperweld-corporation-74307102.html |title= LTV to Purchase Copperweld Corporation |publisher=PR Newswire |author= LTV Corporation |date= September 9, 1999 |access-date= October 4, 2014 |archive-url= https://web.archive.org/web/20160916185142/http://www.prnewswire.com/news-releases/ltv-to-purchase-copperweld-corporation-74307102.html |archive-date= September 16, 2016 |url-status= dead }}</ref>