In 1964 Ling turned Ling-Temco-Vought into a holding company and established three public companies as subsidiaries, LTV Aerospace, LTV Ling Altec, and LTV Electrosystems. LTV Aerospace received assets for Vought and a large part of Temco Aircraft. LTV Ling Altec contained Altec Electronics and other properties and the rest went to LTV Electrosystems. The intention was to make the sum of the parts appear to be worth more than the whole. Ling used this technique to raise capital and buy more companies. Portions of LTV Electrosystems would later spin off to E-Systems, then part of Raytheon IIS, and since 2002 part of L-3 Communications-Integrated Systems (L-3/IS).