SAIC SPLIT

SAIC releases names of new spin-off companies

One business to retain the name, the other to be known as "Leidos"

Science Applications International Corp. has announced the names for its businesses resulting from its planned separation into two independent, publicly traded companies.

Its technical services and enterprise information technology business will retain the name SAIC, while the company’s national security, health and engineering business will be named Leidos.

The separation was initially announced near the end of August 2012, and was seen as necessary in order to continue growth.

A few months later, the company appointed leaders for the spin-offs.

Leidos comes from the word kaleidoscope, and is intended to signify how the company plans to bring together solutions from different angles, yielding innovative and effective solutions, SAIC said.

"It's a memorable word with dynamic connotations that capture the energy, talent and passion that our employees bring as they work to deliver solutions that protect our nation, our communities, and our families,” said SAIC COO Stu Shea, who will serve as president and COO of Leidos.

Retaining the name SAIC for the new services business will help its future performance and success, said future SAIC CEO Tony Moraco.

The separation is expected to occur later on in fiscal 2013, pending the approval of the company’s board of directors. The name is subject to change, depending on stockholder approval, SAIC said.

About the Author

Mark Hoover is a staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

Reader Comments

Fri, Mar 1, 2013

Leidos: Our engineering does not cut corners.

Thu, Feb 28, 2013

The dictionary definition of "kaleidoscope" is "A constantly changing pattern or sequence of objects or elements." If that isn't a perfect description of the company's management philosophy, I don't know what is.

Thu, Feb 28, 2013

If they were going to name the company based on the middle of a word, I suggest "ullshi".

Thu, Feb 28, 2013

Employees are enraged about it. Paid Park Ave big dollars to brand while they were laying off 800 employees.

Tue, Feb 26, 2013 Guy

It won't be mispronounced, the customer will just call it "Lied to Us".

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