Wednesday, March 27, 2013
McLean-based business is splitting into two public companies.
McLean-based Science Applications International Corp. has announced it will cut $350 million in annual costs by reducing staff and facilities saving more in its purchases, according to the Washington Post. SAIC is currently splitting the business into two separate companies, a $4 billion company to handle services and a $7 billion IT company. The smaller company will retain the name SAIC, while the IT company will be named Leidos—as in kaleidoscope. The Post reports that SAIC has already trimmed about 800 indirect employees who typically work in areas like human resources, accounting and payroll since the split was announced last year. SAIC has warned 150 employees at their Falls Church campus on Arlington Boulevard that they will be laid…
Monday, February 25, 2013
It's taken from a children's toy, but is meant to reflect bringing together a mosaic of solutions and perspectives.
McLean-based Science Applications International Corp. (SAIC) has a name for its new division—Leidos. The Washington Post reported this morning: The contracting giant announced in August it would divide its company in two, forming a roughly $4 billion publicly traded company focused on government services and a roughly $7 billion publicly traded company specializing in technology for the national security, health and engineering sectors. The smaller of the two units will retain the SAIC name, according to the company. The larger sector has been named Leidos—as in kaleidoscope. In a press release, SAIC’s Stu Shea said, “"It's a memorable word with dynamic connotations that capture the energy, talent and passion that our employees bring as …
Tuesday, July 31, 2012
Democrats, Republicans and hundreds of private sector government contractors gathered at the Crystal City Gateway Marriott on Monday afternoon to protest "sequestration," which would cut $500 billion of federal defense spending.
ARLINGTON — U.S. Rep. Gerry Connolly on Monday called on Congress to cancel its upcoming five-week recess in order to solve looming $500 billion defense cuts that could cost Northern Virginia thousands of jobs. That sentiment was echoed by Fairfax County Chamber of Commerce President Jim Corcoran, who said the federal government shouldn't balance its budget on the backs of the defense industry. And Democratic U.S. Rep. Jim Moran, who arrived late to the "Stop Sequestration" rally thanks to a flight delay, said afterward he supported Connolly's idea. "Sequestration" is the name given to $1 trillion federal budget cuts that will happen in January if Congress doesn't reach a compromise. Half of that would affect the defense industry, which …
Thursday, July 19, 2012
McLean Business News
Capital One McLean-based Capital One, in a move to make its operations more efficient, announced last week that it will lay off 80 employees from its Bethesda office by early November. The Bethesda office joined Capital One when the McLean banking giant acquired Chevy Chase bank in 2009. The Bethesda location was primarily a home mortgage office, according to a story in Maryland’s Gazette.net. Capital One planned the closure in order to “consolidate its existing home loan sites,” according to Julie Rakes, a spokeswoman for Capital One. Rakes said that employees will be given “at least 90 days’ notice of losing their jobs, plus severance packages and help finding another position.” Related story: Capital One to Pay $210 Million for …
Thursday, July 12, 2012
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Thursday, July 12, 2012
Good morning neighbors, Well-known residents contribute to presidential campaigns: names of McLean residents making largest donations in the 2012 presidential election. Happy birthday Anne Lauler: celebrating 96-years-young, a pioneer in McLean real estate. McLean BizBuzz: new USA Today editor, first global ambassador, $20 million contract for SAIC and more. Keep up with McLean news this summer no matter where you are. Subscribe to the McLean Patch free newsletter. Like us on Facebook. Follow us on Twitter.
McLean Business News
USA TODAY Named a new editor this week: David Callaway, former Editor in Chief of MarketWatch. Callaway will assume his new role in late July, according to a story posted on USA TODAY. Prior to his time with MarketWatch, which began in 2003, Callaway was a securities industry reporter for Bloomberg, and a before then, a columnist for the Boston Herald. “I couldn’t be more excited to be joining the USA TODAY team, and to rejoin Larry (Kramer), as we begin a new era in digital journalism at one of the most well known news brands in the country,” Callaway was quoted saying in USA TODAY. Kramer, president and publisher of USA Today, founded MarketWatch. MicroStrategy McLean-based MicroStrategy announced late last month that it will be …
Thursday, June 21, 2012
McLean Business News
Welcome to the weekly McLean BizBuzz column. We’ll keep you up-to-date on news, and comings and goings of McLean’s business neighbors. Let us hear from you. Cyber-security Education Northrop Grumman announced last week its funding assistance and partnership with University of Maryland for a new cyber-security education program, Advanced Cyber-security Experience for Students (ACES). Northrop Grumman’s Chairman and CEO, Wes Bush, serves as Vice Chair of the Regional Workforce Project of the Business-Higher Education Forum (BHEF). The ACES program will be the first under the BHEF initiative. Northrop Grumman is providing $1.1 million to launch the new program, which will commence in Fall 2013. University of Maryland is matching that …
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Thursday, June 21, 2012
Good Morning McLean, Paying for Tysons Corner Transportation Costs. Public hearing tonight on proposal to create special tax district to help pay for everything from new streets to bike paths. School Waivers. Eight high-performing McLean schools among county school to seek state accreditation waiver. McLean Crime. Construction equipment stolen. McLean BizBuzz. SAIC honored. Northrup Grumman starts new cyber security program with University of Maryland. Don’t miss any McLean news. Subscribe to McLean Patch’s free newsletter. Like us on Facebook. Follow us on Twitter.
Thursday, May 10, 2012
McLean Business Roundup
Welcome to McLean Patch's new column that will keep up with news, goings and comings of McLean's business neighbors. McLean is the address of several Fortune 500 companies --- Hilton, Mars, SAIC, Capital One, Freddie Mac, SAIC and beloved hometown businesses like McLean Family Restaurant, Flowers and Plants. Let us hear from you. Jobs for Veterans. McLean-based SAIC has launched a new program designed to hire 1,500 military veterans by the end of this year, according to a press release issued by the company. The program recently announced by Science Applications International Corporation (SAIC) is in alignment with the White House program whose mission is to encourage the hiring of veterans and wounded warriors. “SAIC has a long-standing …
Monday, April 23, 2012
A Washington Post profile
mike carroll
4:39 am on Saturday, March 2, 2013
Furthermore, Leiden is the German word for suffering. more ›