ATK, Orbital Delay Expected Merger Closure Date to February

rocket-launch
ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) have delayed their expected closure date for the spinoff of ATK’s sporting group and the merger between Orbital and ATK’s aerospace and defense groups to February. The companies said Monday they have also rescheduled their stockholder meetings to Jan. 27, 2015 from the previous announced date of Dec. 9, 2014 for ATK stockholders to decide...

Exelis Launches Gov’t Services Spinoff Company Vectrus

Exelis logo
Exelis (NYSE: XLS) has completed the spinoff of its mission systems business unit into a standalone company called Vectrus. Vectrus will trade under the “VEC” ticker symbol beginning on Monday and aims to deliver information technology, infrastructure and supply chain management, network communication and logistics services in the government market, Exelis said Saturday. The tax-free spinoff...

Exelis Sets Mission Systems Business Spinoff Completion Date, ‘Vectrus’ to Start NYSE Trading Sept. 29

Exelis‘ (NYSE: XLS) board of directors has approved the spinoff of the company’s mission systems business division into a separate, publicly traded company that will operate as Vectrus. The companies have set Sept. 27 as the date to complete the transaction and Vectrus will begin regular way trading on the New York Stock Exchange Sept. 29 under the symbol “VEC,” Exelis...

Agilent Electronic Measurement Spinoff To Be Named Keysight Technologies; Ron Nersesian Comments

acquisition
Agilent Technologies expects to complete the spinoff of its electronic measurement operation into a new entity called Keysight Technologies in early November. The business will use the tagline “unlocking measurement insights for 75 years” to honor the original Hewlett-Packard (NYSE: HPQ), from which Agilent was spun off, Agilent said. Ron Nersesian was appointed to lead Santa Rosa, Calif.-based...

SAIC Board OKs Spinoff Plan, Sets Date for Split; Tony Moraco Comments

Science Applications International Corp.‘s (NYSE: SAI) board of directors has approved the company’s plan to complete the spinoff of its services business after the market closes Sept. 27. SAIC will change its name to Leidos Holdings and the services business will be held by SAIC Gemini, which will be renamed Science Applications International Corporation, SAIC said Monday. On Sept....

Engility Corp. Completes Spinoff From L-3 Communications; CEO Tony Smeraglinolo Comments

Engility Corp., the former government services subsidiary of L-3 Communications, has completed its spinoff into a standalone company trading under the EGL symbol on the New York Stock Exchange. President and CEO Tony Smeraglinolo will lead the Chantilly, Va.-based pure-play professional and technical services contractor, which projects it will generate $1.6 billion in 2012 revenue with around 9,000...