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L-3 Communications to sell government services business for $550 million

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Staff writer ▼ | December 8, 2015
L-3 Communications
Selling   L-3 is in the midst of a business transformation

L-3 Communications Holdings will sell its government services division, National Security Solutions to CACI International for $550 million in cash.

The sale is expected to close in the first quarter of 2016, the company said in a press release.

CACI is also looking at acquiring the information systems and government services business of Lockheed, which last week said it was delaying decisions about that business until the first quarter of 2016.

“L-3 is in the midst of a business transformation aimed at reshaping our portfolio, strengthening our focus on markets where we have leading positions, and improving our top-line growth and margin profile,” Michael Strianese, L-3’s chairman and chief executive officer, said.

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