SAIC Officially Relocates HQ to McLean VA

9/24/09Follow @bvbigelow

SAIC’s plans to move its corporate headquarters from San Diego, where the company was founded in 1969, to McLean, VA, may rank as one of the defense contractor’s worst-kept secrets. Today the company also known as Science Applications International Corp. made it official. In a statement issued by the company, new CEO Walt Havenstein says, “This move will formally relocate the corporate executive leadership team closer to our federal government customers enabling us to better respond quickly and efficiently to their critical needs, while maintaining a significant presence in San Diego.”

SAIC spokeswoman Laura Luke tells me by email that the relocation only affects corporate functions, and that roughly 20 corporate positions are being considered for relocation to McLean. These moves would take place by next summer, and operational units directly supporting customers in San Diego will not be affected, Luke says.

Virginia Gov. Tim Kaine hailed the move, calling SAIC a “technology and defense powerhouse” and disclosing that the company plans to invest $25 million and add 1,200 new jobs in the Northern Virginia area over the next three years. About 17,500 of SAIC’s estimated 45,000-employee workforce already works in the metropolitan Washington, D.C., area.

SAIC ranks among a handful of Fortune 500 companies in San Diego. The company had annual revenues of $10.1 billion for its fiscal year that ended Jan. 31.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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