Fairfax County is home to nine companies on 2017 Fortune 500 list -- more than half of D.C.-area total

Alan Fogg, afogg@fceda.org, +1 703-790-0600 (office) or +1 571-213-5065 (mobile) 

County also has more companies on list than 30 states and D.C.

Friday, June 9, 2017

Nine Fairfax County-based companies, in industries ranging from financial services and hospitality to defense and technology consulting, hold spots on Fortune magazine’s list of the 500 largest publicly traded companies in the United States.

Eight Fairfax County companies made the list in 2016.

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 17 Fortune 500 companies based in the Washington, D.C., region. The others are in Montgomery County, Md. (4), Washington, D.C. (2), and Arlington County, Va. (2).

“Once again the Fortune 500 list illustrates how large companies find Fairfax County to be the headquarters location of choice in the mid-Atlantic area,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority. “It is impressive to have nine companies on the list this year, but even more significant are the types of companies and diversity of industry sectors represented here.”

Fortune based its rankings on 2016 revenue. The 2017 Fortune 500 list includes these Fairfax County-based companies:

 39. Freddie Mac Financial services
 90. General Dynamics Aerospace and defense
100. Capital One Financial Financial services
114. Northrop Grumman Aerospace and defense
241. Hilton Worldwide Hotels, resorts
379. Computer Sciences Corporation Information technology
381. Leidos Information technology
446. NVR Home construction
481. Booz Allen Hamilton Management consulting

Leidos was the biggest mover, advancing 123 spots to join the 500 after just missing last year at number 504. The company benefitted from their acquisition of a division spin-off from Lockheed Martin.

Three other Fairfax County companies made double-digit moves up the list, including Reston-based home builder NVR, which vaulted 52 spots. Hilton Worldwide (up 13 spots) and Capital One Financial (up 12) each experienced a second consecutive year of double-digit movement.

Other facts about Fairfax County’s Fortune 500 companies:

  • Nine of the 23 Fortune 500 companies in Virginia have headquarters in Fairfax County, including the four largest Virginia companies.

  • With $186 billion, Fairfax County companies had more than twice the revenue of all Maryland firms ($80 billion) on the Fortune 500 list and 46 percent more revenue than the Washington, D.C., companies on the list ($127 billion).

  • Fairfax County Fortune 500 companies account for 52 percent of the revenue of all Fortune 500 companies headquartered in Virginia.

Eight other Fairfax County companies are on the Fortune 1000 list: SAIC, CSRA, Beacon Roofing Supply, TEGNA, Gannett, Maximus, Engility and Delta Trucking.

Time magazine called Fairfax County “one of the great economic success stories of our time.” Business growth and innovation helps Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.

The award-winning Fairfax County Economic Development Authority promotes 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 Corner, 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 and LinkedIn.

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