Motorola Solutions, which manufactures communication equipment (including two-way radios), has been up for sale for “several months”, but completion of a deal – according a Bloomberg report – is not going to happen anytime soon.

“There should be many people who are willing to buy Motorola Solutions at a reasonable price for its special communications technology and existing customer base,” Jun Zhang, a San Francisco-based analyst at Rosenblatt Securities, told Bloomberg. “Motorola’s intellectual property should be valuable and attractive to some communication equipment makers.”

Among the interested buyers, according to Bloomberg sources, are Raytheon, Honeywell International and General Dynamics Corp. Each are reportedly attracted by the prospect of grabbing more government sector business, courtesy of a Motorola Solutions acquisition.

It is unclear who else might be interested in buying the company. Bankers in the past, points out The Wall Street Journal, have touted Motorola Solutions as a possible private-equity target, but the newspaper adds that leveraged buyouts of companies that size have been rare in recent years.

Motorola Solutions has a market capitalisation of about $15 billion. In 2014, the company had net sales of $5.9 billion and net earnings of $1.3 billion.

A sale of Motorola Solutions would mark the final chapter in Motorola history. Motorola Mobility (the devices units) was sold to Google in 2012 for $12.5 billion, before the search engine giant then sold it on to China’s Lenovo for $2.9 billion last year.