Science Applications International Corporation Locates Leidos Headquarters In Reston, Virginia
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 firm said about 150 employees will immediately occupy the space, with another 450 moving in overtime as renovations are completed.
"The selection of the headquarters location for Leidos was made after careful consideration of many options," said SAIC Chief Operating Officer Stu Shea, future President and COO of Leidos. "We did careful analysis of where employees live and also mapped out key customer locations to inform our decision." The team also considered quality of life, traffic patterns and potential commute times for employees, among other factors.
"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.
The company is moving from a campus environment, where all employees are housed and congregate, to a true headquarters environment where primarily the leadership team and some corporate functions reside.
"With such a large percentage of our employees working side-by-side with our customers each day – this approach makes sense for Leidos," Shea said.
"The Greater Reston Chamber of Commerce is excited that Leidos has decided to headquarter in the fast-growing and vibrant Reston business corridor," said Mark Ingrao, President and CEO of the Greater Reston Chamber of Commerce. "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."
Executive Vice President of Boston Properties Raymond A. Ritchey, said, "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."
As previously announced, pending final approval of SAIC's Board of Directors, 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 1710 SAIC Drive in McLean, Virginia.
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