SAIC to move headquarters to McLean
- September 24, 2009
Fortune 500 technology and defense company Science Applications International Corp. (SAIC) is moving its headquarters from San Diego to the company’s McLean campus.
The move is expected to create 1,200 new jobs in the county. SAIC already has 17,500 employees in the Washington, D.C., area. SAIC was ranked No. 226 on the most recent Fortune 500 list. It reported $10.1 billion in revenues for its most recent fiscal year, which ended in January.
The new location will put the company close to its customers. The company provides scientific, engineering and technology applications for the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other government agencies.
“Virginia’s favorable business environment, highly skilled work force and attractive quality of life combine to make this an ideal location for our corporate headquarters,” SAIC CEO Walt Havenstein said in a statement. “We commend Governor [Timothy] Kaine and his team across the state for creating an environment that is very supportive of business.”
The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project. Kaine approved spending $1.5 million from the Governor’s Opportunity Fund and $7 million from the Virginia Economic Development Incentive Grant, which provides performance-based incentives for investments that include a large number of new jobs with high wages.
“As one of the largest employers in Northern Virginia, SAIC already has a significant, positive impact on communities in the Commonwealth,” Gov. Timothy M. Kaine said in a statement. “By expanding its investment in McLean, SAIC not only joins a growing list of FORTUNE 500 companies who call the Commonwealth home — it confirms Virginia’s status as the ‘Best State for Business in America.’”