L-3 to shed some slow-growth businesses By: MarketWatch July 28, 2011 at 09:16 AM EDT L-3 will be spinning off some of its government services that will be impacted by an anticipated decline in U.S. military spending related to Afghanistan. Read More >> Related Stocks: L-3 Communications Holdings Lockheed Martin Macy's Northrop Grumman Raytheon Co Standard & Poors 500