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.