Reuters is reporting that Lockheed Martin will hold off on deciding whether to sell or spin off its government services business until early next year. CFO Bruce Tanner stated at a conference hosted by Credit Suisse that the strategic review of the business which was expected to be completed by year-end is now expected to be finalized in the first quarter of 2016. He also states there have been "very high interest" in the services and IT units which have estimated 2015 revenues of approximately $6B. Leidos and CACI are two contractors that have been in discussions with Lockheed regarding these assets. According to sources familiar with the matter, a potential deal would have been structured as a Reverse Morris Trust which would have averted a hefty tax bill.
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