Leidos to be Headquartered in Reston, VA

Stu Shea, Leidos

Stu Shea, Leidos

SAIC announced today that Leidos, its national security, health and engineering solutions business, will be headquartered in Reston, Va. The company signed a lease with Boston Properties for office space located at 11951 and 11955 Freedom Dr., named One and Two Freedom Square, within the Reston Town Center complex.

“The selection of the headquarters location for Leidos was made after careful consideration of many options,” said Stu Shea, COO and future president of Leidos. “We did careful analysis of where employees live and also mapped out key customer locations to inform our decision.”

The space will be occupied by about 150 employees, with another 450 moving in overtime as renovations are completed. Quality of life, traffic patterns and potential commute times for employees, were among the many factors for moving to this space.

“Reston makes sense for Leidos – it’s easily accessible and the amenities are world class. The new facility will be more conveniently located for our employees and still gives us easy access to key customers in the area,” Shea said. “With such a large percentage of our employees working side-by-side with our customers each day – this approach makes sense for Leidos.”

Mark Ingrao, President and CEO of the Greater Reston Chamber of Commerce commented on the move and said,”The Greater Reston Chamber of Commerce is excited that Leidos has decided to headquarter in the fast-growing and vibrant Reston business corridor. Leidos’ presence in the community will complement the professional services, IT and technology firms that comprise the majority of the 2,400 companies located here. We look forward to developing a strong and long-term relationship with Leidos and its employees.”

Raymond A. Ritchey, Executive Vice President of Boston Properties also commented saying, “With this transaction, Leidos will be one of the largest tenants in the complex. Leidos’ decision reinforces Reston’s position as one of the best office markets for Fortune 500 companies in Northern Virginia. ”

SAIC plans to separate into two, independent, publicly traded companies in the latter half of the company’s current fiscal year. The separation is planned to occur through a spin-off of the company’s technical, engineering and enterprise information technology services business, which will continue the SAIC name and remain headquartered at SAIC Drive in McLean, Va.

“SAIC has been a valued member of this business community for many, many years,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority. “Fairfax County is extremely proud to be the home of both the resultant corporate headquarters. This is one of the companies that communities cherish as they bring not just jobs, but because they are amongst the absolute best corporate citizens in America.”

 

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