L-3 Communications Gives In

In what appears to be another ‘win’ for activist investors, defense contractor L-3 Communications (LLL) announced that it will spin out its government services business in the first half of 2012. The company faced pressure from Ralph Whitworth’s Relational Investors (who are also involved in the ITT [ITT] situation) to jettison non-core business units in order to improve… Read More »