Alton Brann, newly elected chief executive of Los Angeles-based Litton Industries Inc, says the company is looking at ways to enhance shareholder value while at the same time keeping an eye out for acquisitions: he told Reuter that the diversified defence company is looking at acquisitions in all four of its major operating segments – […]
Alton Brann, newly elected chief executive of Los Angeles-based Litton Industries Inc, says the company is looking at ways to enhance shareholder value while at the same time keeping an eye out for acquisitions: he told Reuter that the diversified defence company is looking at acquisitions in all four of its major operating segments – in defence electronics, he says, there are opportunities for both acquisitions and divestitures; We will continue to make acquisitions in defence, particularly in product lines, but the company will continue its gradual migration towardscommercial business as defence spending falls, perhaps growing the commercial side to 50% of the firm.
