Motorola Solutions exploring possible sale

New York

MOTOROLA Solutions Inc, the maker of two-way radios and other communications equipment, is exploring a possible sale, people familiar with the matter said.

Buyers of the 87-year-old company could include private- equity firms and companies including Raytheon Co, Honeywell International Inc and General Dynamics Corp, said one of the people, asking not to be named because the information is confidential. The Schaumburg, Illinois-based company has a market value of about US$15.6 billion.

Motorola Solutions is what's left of Motorola Inc after the company in 2011 split off its mobile-phone unit amid pressure from billionaire Carl Icahn. The mobile-phone unit that was spun off as Motorola Mobility Holdings Inc was sold to Google Inc, which then sold pieces of the business to Lenovo Group Ltd in 2…