WT Business Beat

By Nick Wakeman

Blog archive
Nick Wakeman

Leidos headed for Reston post-SAIC split

EDITOR'S NOTE: This blog was updated Monday afternoon with information from SAIC's official announcement about the headquarter's location.

The split of Science Applications International Corp. into two new companies will be physical as well as financial.

The portion of the company that will go by the name SAIC will remain in McLean, Va., but the high end science and engineering business to be called Leidos is heading west a few miles to Reston , Va.

SAIC Chairman and CEO John Jumper spilled the beans while speaking Sunday on the new TV show, Government Matters. Jumper will be the chairman and CEO of Leidos when the company splits.

On Monday, SAIC officially announced that it had leased two buildings at 11951 and 11955 Freedom Drive in Reston. the buildings are known as One and Two Freedom Square.

"We did careful analysis of where employees live and also mapped out key customer locations to inform our decision," said Stu Shea, SAIC's chief operating officer in a statement. He will be the COO and president of Leidos after the split.

The new headquarters will primarily house the leadership team and corporate functions because a large percentage of employees work side-by-side with customers, he said.

Reston and McLean are both in Fairfax County, Va., so I’m sure the decision on the headquarters is a relief to the county’s economic development office.

The split of SAIC is expected in the next six weeks to two months, Jumper said. The company announced the planned split over a year ago.

SAIC sold its 18 acre campus in May for $85 million, but one office building has been leased back for seven years. That will be the headquarters for SAIC, post split.

The company hadn’t publicly disclosed the Leidos’ headquarter location until Jumper was asked about it on the TV show, which airs on WJLA Channel 7 in the Washington area.

The most the company had said to this point was that it would remain in Northern Virginia. 

Posted by Nick Wakeman on Aug 11, 2013 at 11:04 AM


Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts

  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Sequestration, LPTA and the Top 100

    Join Washington Technology’s Editor-in-Chief Nick Wakeman as he analyzes the annual Top 100 list and reveals critical insights into how market trends have impacted its composition. You'll learn what movements of individual companies means and how the market overall is being impacted by the current budget environment, how the Top 100 rankings reflect the major trends in the market today and how the biggest companies in the market are adapting to today’s competitive environment. Learn More!