Dismantling SAIC

I was surprised to read in today’s Washington Post that SAIC has decided to sell off the Tysons headquarters complex. It appears to me that SAIC is being dismantled piece by piece in anticipation of the split into two separate companies.

Depending on the terms of the sale, there will likely be a short-term boost to the bottom line of both SAIC and Leidos which may help ease the transition to two companies, at least in the eyes of shareholders. This boost won’t last. The present dismemberment of SAIC is a great disappointment to me; it is very difficult for me to watch.

— Bob