Fairfax County’s 10 Fortune 500 headquarters: the facts beyond the numbers
Fairfax County, Virginia – Fairfax County again has 10 Fortune 500 headquarters, up one from last year. The companies, representing a wide variety of industry sectors, highlight the fact that Fairfax County is the hub for corporate brands in the mid-Atlantic region and one of the top headquarters locations in the nation.
In fact, Fairfax County has more Fortune 500 headquarters than 30 states and the District of Columbia.
Here are some other facts beyond the Fortune 500 numbers:
- Fairfax County is home to nearly two-thirds of the 16 companies from the Washington, D.C., region. The others are in Montgomery County, Md. (3), Washington, D.C. (2) and Arlington County, Va. (1).
- 10 of the 21 Fortune 500 companies in Virginia have headquarters in Fairfax County, including the five largest Virginia companies.
- With combined 2018 revenue of $236 billion, Fairfax County Fortune 500 companies account for 50 percent of the revenue of all Fortune 500 companies based in the Washington region.
- The Fairfax County companies account for 62 percent of the revenue of all Fortune 500 companies headquartered in Virginia.
- Fairfax County’s listed companies had more revenues than all the Maryland and Washington, D.C., firms on the list combined: Fairfax County, $236 billion; Washington, D.C., $140 billion; Maryland, $85 billion.
Included in the Fortune 500 survey are publicly traded companies incorporated in the U.S., and U.S.-based privately held companies that file financial statements with a government agency. Fortune based its 2019 rankings on 2018 revenue, with the minimum amount of revenue required to make this year’s list at $5.6 billion.
The new list includes these Fairfax County-based companies:
- Freddie Mac, Tysons, financial services;
- General Dynamics, Falls Church area, aerospace and defense;
- Capital One Financial, Tysons, financial services;
- Northrop Grumman, Falls Church area, aerospace and defense;
- DXC Technology, Tysons, information technology;
- Leidos Holdings, Reston, information technology;
- Hilton Worldwide Holdings, Tysons, hospitality;
- NVR, Reston, home construction;
- (new this year) Beacon Roofing, Herndon, building materials; and,
- Booz Allen Hamilton, Tysons, management consulting.
Seven additional Fairfax County companies are on the Fortune 1000 list (nos. 501-1000): SAIC, Gannett, Park Hotels and Resorts, MAXIMUS, TEGNA, Delta Tucker Holdings and ManTech International.
The award-winning Fairfax County Economic Development Authoritypromotes Fairfax County as a business and technology center. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. In addition to its headquarters in Tysons, Fairfax County’s largest business district, the FCEDA maintains marketing offices in six important global business centers: Bangalore, Berlin, London, Los Angeles, Seoul and Tel Aviv. Follow the FCEDA on Facebook, Twitter ,LinkedIn and Instagram.