Information Technology company and mega-prime contractor Computer Sciences Corporation (CSC) announced last week that it would be moving the company’s headquarters from El Segundo, Calif., to Falls Church, Virginia.
As the press release states, the corporate executive team and global operational headquarters will be consolidated in Falls Church, a practical move given that more than 30 percent of its $15.5 billion in sales came from government contracts last year while 11,000 of CSC’s 92,000 employees are based here. The move was no doubt helped along when Michael Laphen – who lives close to the Falls Church location – took over as president and chief executive in 2007 and remained in the area.
CSC is already one of the region’s largest employers and ranks number eleven on Washington Technology’s 2007 Top 100 list of the largest federal government prime contractors. The HQ shift does not involve a seismic employee migration, (the El Segundo location only employs about 200) but, as the Washington Post story pointed out, CSC eyes opportunity for faster growth in the smaller consultancy projects to address heightened competition for the massive technology projects both here and abroad.
While the nexus of power may be further consolidating inside the Beltway, the company’s announced higher-than-expected profit for the third quarter of its fiscal year was in large part due to strong demand in its commercial business. That said, James W. Sheaffer, president of CSC’s North American Public Sector business unit, continues to drive impressive results and has his unit registering big wins, such as the recent $544 10-year contract to provide facility support services to NASA’s Johnson Space Center facility.