Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery 10.29.2014
    Fool Australia analyst Matt Joass discusses the investing landscape in Australia, “ghost cities” in China, and how American brands are viewed Down Under.
  • MarketFoolery: 10.28.2014
    The price of oil is dropping.  We analyze the best opportunities in oil stocks right now, plus the latest results from Twitter and Buffalo Wild Wings.  
  • MarketFoolery: 10.27.2014
    CVS and Rite Aid disable Apple Pay as they work on their own mobile payment system.  We analyze the battle for your wallet and dip into the Fool Mailbag and discuss short-term investments, stocks for the next 20 years, and Halloween candy.
Capital Business
Posted at 08:00 AM ET, 08/12/2013

SAIC’s Leidos to base headquarters in Reston Town Center

McLean-based Science Applications International Corp. is set to announce Monday that it has leased space in Reston Town Center to serve as the new headquarters for Leidos, the larger of the two units that will be created when the government contractor splits later this year or early next.

The company said it has signed a lease for 11951 and 11955 Freedom Drive, which are known as One and Two Freedom Square. About 150 employees are set to move in immediately, and another 450 will move in over time, as renovations are completed, according to the company.

The contracting giant announced last summer that it would split into two public companies — a government services business that will retain the SAIC name and a technology company that will be called Leidos, clipped from the word kaleidoscope.

SAIC has already made plans for the government services unit. The contractor earlier this summer announced it is selling its 18-acre Tysons Corner campus, including four office buildings comprising about 900,000 square feet, a parking garage and surface parking lots, to Bethesda-based real estate firm the Meridian Group.

It said it would lease back two of the buildings for about a year (until the split is completed) and a third for seven years, which will be home to SAIC following the split.

By  |  08:00 AM ET, 08/12/2013

 
Read what others are saying
     

    © 2011 The Washington Post Company