More companies than 30 states and Washington, D.C
Nine Fairfax County-based companies, in industries ranging from financial services and hospitality to defense and technology consulting, hold spots on the latest Fortune 500, Fortune magazine’s list of the largest publicly traded companies in the United States.
With Tysons Corner-based Freddie Mac at No. 38, Falls Church area-based General Dynamics at No. 99, Tysons Corner-based Capital One Financial No. 101 and Falls Church area-based Northrop Grumman at No. 118, the top four Fairfax County companies remain unchanged from last year’s list.
Fairfax County has more companies on the list than 30 states and the District of Columbia. Fairfax County also is home to more than half of the 15 Fortune 500 companies based in the Washington, D.C., region. The others are in Montgomery County, MD (3), Washington, D.C. (2), and Arlington County, VA (1).
“The Fortune 500 highlights the fact that Fairfax County is the top location in the Washington area for corporations that want to access the right headquarters talent, the ability to get to markets worldwide conveniently, the proximity to private- and public-sector, (the opportunity to) take advantage of great public schools here and the cultural and historical attractions of the mid-Atlantic area,” said Gerald L. Gordon, president and CEO of the Fairfax County Economic Development Authority.
Fortune based its rankings on 2017 revenue. The 2018 Fortune 500 list includes these Fairfax County-based companies (and ranking):
Freddie Mac (38)
General Dynamics (99)
Capital One Financial (101)
Northrop Grumman (118)
Leidos Holdings (292)
DXC Technologies (374)
Booz Allen Hamilton (482)
One new name on the 2018 Fortune 500 belongs to Tysons Corner-based DXC Technology, which was created by the merger of CSC and the enterprise services business of Hewlett Packard Enterprise. DXC debuts at No. 374 on the list – five slots higher than CSC ranked a year ago.
For the second consecutive year, Leidos was the biggest mover, advancing 89 spots to No. 292. Just two years ago, Leidos was ranked No. 504.
Nine additional Fairfax County companies are on the Fortune 1000 list: CSRA, SAIC, Beacon Roofing Supply, Gannett, Park Hotels and Resorts, TEGNA, Maximus, Delta Trucking and Engility.
Other facts about Fairfax County’s Fortune 500 companies:
Nine of the 21 companies in Virginia have headquarters in Fairfax County, including the four largest Virginia companies.
With combined 2017 revenue of $200 billion, Fairfax County Fortune 500 companies account for 47 percent of the revenue of all Fortune 500 companies based in the Washington region, and 53 percent of the revenue of all Fortune 500 companies headquartered in Virginia.
Fairfax County companies had revenues nearly two and a half times larger than all Maryland firms on the Fortune 500 list and 53 percent more revenue than the Washington, D.C. firms:
Fairfax County anticipates adding a 10th Fortune 500 company later this year when No. 225 Arconic, a manufacturer of light metal solutions, moves its headquarters from New York City to Tysons Corner.