CSC Moving HQ’s To DC Area

The Washington Post has an article reporting that Computer Sciences Corp (CSC) is moving its HQ’s from El Segundo, CA to Falls Church, VA right outside Washington DC.  This will make it one of the largest companies in the area.

Currently the DC area is home to a large number of technology companies like Lockheed Martin, Booz Allen Hamilton and SAIC.  CSC is looking to tap into a bit more of the government side of its operations with the move I would think.  Last year their government work only accounted for $6 billion of a total of $15.5 billion in sales.  However with the downturn in the economy the commercial sales may be tapering off a bit.

Company officials portrayed the relocation as part of a broader change in strategy. CSC has experienced little overall growth in recent years as the market for the very large, complex technology projects in which it specialized has slowed and the company has faced increased competition from abroad.

This move should make the workforce in the area even stronger and give a little more opportunity to the hub of high tech workers here supporting the rest of the tech sector.