Lockheed Martin spins off 10 non-core business units

Lockheed Martin Corp. said it has signed a memorandum of understanding to move 10 non-core business units into a new independent company named L3 Communications. The new company will be jointly owned by three different parties. Lehman Brothers Capital Partners III L.P. will hold 50%, Lockheed Martin...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.