Engility Expected To Spin Free Of L-3 Around Middle Of Year

L-3 Communications(LLL) affirmed in today’s first quarter earnings release that it is moving forward with its plan to spin off Engility. With our filing of the Engility initial registration statement, the spin-off of those businesses should occur around mid-year, and we continue to believe that this will unlock opportunity and value for both companies. The performance of Engility…