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Specialty cybersecurity and business analytics companies were in demand in the GovCon acquisition market in June, as a ship repair company acquisition, a spin-offOffice Forms Facilitator and a major in-house merger capped the M&A landscape.
Here are the ten deals GovCon wire covered in June.
ITT Exelis acquired Space Computer Corp., a privately-owned...
L3 Communications’ (NYSE: LLL) board of directors has approved the distribution of the remaining shares of its Engility subsidiary to all of its shareholders.
LPublic Law-3 said every shareholder of record as of July 16 will receive one share of Engility for every six shares of L-3 stock.
“Engility will now be able to pursue new business opportunities...
David Melcher, ITT Exelis
ITT Corp. (NYSE: ITT) has completed its previously announced separation plan, retaining its core industrial offerings and spinning offOffice Forms Facilitator its defense and information solution business into ITT Exelis and its water technology and services business into Xylem.
Open trading of Exelis (NYSE: XLS) and...
Michael Strianese, L-3 Communications
L-3 Communications (NYSE: LLL) will spin offOffice Forms Facilitator a new, publicly-traded government services company to its shareholders called Engility.
Engility will provide systems engineering, technical assistance, training and operational support services and employ approximately 10,000 workers.