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| James Ling |
A connected businessman who benefitted financially from the assassination of JFK.
In early November 1963, David Harold Byrd and his investment partner, James Ling, bought $2 million worth of stock (132,600 shares) in Ling-Temco Vought (LTV), their own arms company. Then in February 1964 LTV received from the US Navy the first major LBJ prime defense contract – for a fighter plane to be used in limited wars like Vietnam. Peter Dale Scott calculated that this $2.5 million insiders’ purchase was worth $26 million by the end of 1967.
- ↑ New York Times, February 12, 1964. The Times estimated that the contract “could run into more than a billion dollars.”
- ↑ Document:911 JFK and War
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