SAIC Moves Headquarters to McLean

SAIC, a Fortune 500 scientific, engineering, and technology applications company, announced last week that it is moving its corporate headquarters from San Diego to McLean. According to a press release issued by the company, 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," said SAIC Chief Executive Officer Walt Havenstein.

According to the Baltimore Business Journal, the "company currently employs about 17,500 people in the Washington area with about 6,000 in McLean - outweighing its 4,500-employee presence in Southern California and creating speculation for years that the company would move its headquarters. SAIC is the fourth-largest employer in Fairfax County." Quoting an SAIC executive, the Journal went on to explain that SAIC "will invest $25 million to complete the move and make additional investments to support the planned redevelopment of Tysons Corner in Northern Virginia." The executive also said that "SAIC's 18-acre parcel is the largest one zoned for mixed-use in Tysons Corner."

There will be more companies like SAIC relocating to Tysons Corner as that massive expansion continues...stay tuned.