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Intelsat to move US headquarters from D.C. to Va.

Monday - 12/3/2012, 5:04pm  ET

McLEAN, Va. - Communications and satellite company Intelsat is planning to relocate its U.S. headquarters from Washington, D.C., to northern Virginia.

At a news conference on Monday, Gov. Bob McDonnell said the company will move at least 430 employees to Virginia when it relocates in mid-2014.

Intelsat plans to lease about 188,000 square feet of space in Tysons Tower, a 20- story office building in Fairfax County.

In a news release, state Secretary of Commerce and Trade Jim Cheng said Virginia has the highest percentage of high-technology workers in the country and ranks fourth in total high-technology employment.

McDonnell approved a $1.3 million grant from the Governor's Opportunity Fund for the project.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)