The first incarnation of Vought was established by Chance M. Vought and Birdseye Lewis in 1917. In 1928, it was acquired by United Aircraft and Transport Corporation, which a few years later became United Aircraft Corporation; this was the first of many reorganizations and buyouts. During the 1920s and 1930s, Vought Aircraft and Chance Vought specialized in carrier-based aircraft for the United States Navy, by far its biggest customer.