Fairfax County is home to nine firms on 2018 Fortune 500 – more than 30 states and Washington, D.C.

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

County locations dominate corporate headquarters in the national capital region

Monday, May 21, 2018

Fairfax County, Virginia -- 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-based General Dynamics at No. 99, Tysons-Corner based Capital One Financial No. 101 and Falls Church-based Northrop Grumman at No. 118, the top four Fairfax County companies remain unchanged from last year’s list.

Fairfax County already 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, 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:

 38. Freddie Mac -- Financial services

 99. General Dynamics -- Aerospace and defense

101. Capital One Financial -- Financial services

118. Northrop Grumman -- Aerospace and defense

292. Leidos Holdings -- Information technology

324. Hilton Worldwide Holdings -- Hotels, resorts

374. DXC Technologies -- Information technology

444. NVR -- Home construction

482. Booz Allen Hamilton -- Management consulting

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             $200 billion
    Washington, D.C.         $131 billion
    Maryland                       $81 billion

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.

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