Home L-3 agrees to sell cyber unit for $550 million
 

Keywords :   


L-3 agrees to sell cyber unit for $550 million

2015-12-08 17:38:34| IT Services - Topix.net

L-3 Chairman and Chief Executive Michael T. Strianese said in prepared remarks Tuesday that the divestiture of its National Security Solutions unit will allow the company to sharpen its focus on its more profitable defense electronics, communications and surveillance and reconnaissance systems businesses. CACI said the deal, expected to close by the end of March, is expected to add roughly $1 billion in annual revenue and expand the company's presence in enterprise information technology, intelligence services and key market areas.

Tags: sell million unit cyber

Category:Information Technology

Latest from this category

All news

»
07.11UNL commits $5 million to better measure environmental impact of cattle
07.11US cuts interest rates as Trump election raises uncertainty
07.11The Lehigh Short Course Website is Now Open
07.11Carbon Trust Verifies Four BASF Intermediates
07.11Atlantic Tropical Weather Outlook
07.11Eastern North Pacific Tropical Weather Outlook
07.11Producers encouraged to attend Northern Plains Forage Association annual meeting
07.11Labelink acquires International Label & Printing
More »