We investigate the behavior of Linear Time-Varying (LTV) systems with randomly appearing, sub-stochastic system matrices. Motivated by dynamic fusion over mobile networks, we develop conditions on the system matrices that lead to asymptotic stability of the underlying LTV system. By partitioning the sequence of system matrices into slices, we obtain the stability conditions in terms of slice lengths and introduce the notion of unbounded connectivity, i.e., the time-intervals, over which the multi-agent network is connected, do not have to be bounded as long as they do not grow faster than a certain exponential rate. We further apply the above analysis to derive the asymptotic behavior of a dynamic leader-follower algorithm.