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Tag Archives: spin off

June GovCon M&A Activity Recap

Specialty cybersecurity and business analytics companies were in demand in the GovCon acquisition market in June, as a ship repair company acquisition, a spin-off 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 ...

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David Melcher Comments on Completed ITT Spinoffs

  ITT Corp. (NYSE: ITT) has completed its previously announced separation plan, retaining its core industrial offerings and spinning off 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 Xylem (NYSE: XYL) shares will begin Tuesday. ITT Corp. ...

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L-3 to Spin Off Some Government Services Into New Company; Strianese Comments

L-3 Communications (NYSE: LLL) will spin off 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. Tony Smeraglinolo, current executive vice president of L-3’s services group, will be its chief executive ...

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