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L-3 Communications (LLL) announces plans to spin off a new, publicly traded government services...

L-3 Communications (LLL) announces plans to spin off a new, publicly traded government services company, to be named Engility. It will have around $2B in annual sales, and Tony Smeraglinolo, currently exec VP of L-3 Services Group, will head the new company. (PR) (also: earnings beat)
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