Monday, August 3, 2020

VPLS.US 06/24/2011 Relational Investors push to breakup L3

http://vpls.us/?p=752 Fri, 24 Jun 2011 01:06:36 +0000 timc
http://vpls.us/?p=752

My jaw dropped and I paged through to B2 to see the article about the breakup of L3.

Apparently there is a defense firm called L-3 Communications Holdings Inc. which has a bunch of defense contracts and with the slow down of the wars and the pressure from the democrats to get out of the wars, and the republicans seeking to reduce the deficit and spending on defense projects.... They were planning to break themselves up anyway.

Relational's last effort was to break up a company centered on ITT, breaking up into three different companies.

I don't know a lot about defense contracting firms but, I'm glad it's this L3 rather than the L3 that is buying Global Crossing!!!]]>