Eight Fairfax County-based companies, in industries ranging from financial services and hospitality to defense and technology consulting, hold spots on Fortune magazineâ€™s list of the 500 largest publicly traded companies in the United States.
The number of Fairfax County companies on the list is down from 10 in 2014, but Fairfax County still has more Fortune 500 headquarters than 30 states and the District of Columbia. Fairfax County is home to more than half of the 15 Fortune 500 companies in the Washington, D.C., region. The others are in Montgomery County, Md. (4), Washington, D.C. (2), and Arlington County, Va. (1).
â€œFairfax County has all the important components of a dynamic business environment: excellent locational advantages, a highly skilled workforce, extraordinary educational systems at all levels, and an excellent quality of life,â€ said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority. â€œThese factors collectively support the attraction, growth, and success of corporate headquarters.â€
Two of Fairfax Countyâ€™s Fortune 500 companies, defense giants Northrop Grumman and General Dynamics, or predecessor companies, have been on the list since the first one came out in 1955.
Two companies on the 2014 list, Leidos Holdings and NII Holdings, fell off the Fortune 500 rankings but remain part of the Fortune 1000 along with Fairfax County-based NVR, Exelis, SAIC, Beacon Roofing Supply and Delta Tucker Holdings (DynCorp International).
Fortune based its rankings on annual revenue in 2014. The 2015 Fortune 500 list contains eight companies with headquarters in Fairfax County:
42. Freddie Mac, Diversified financials
100. General Dynamics, Aerospace and defense
124. Northrop Grumman, Aerospace and defense
126. Capital One Financial, Commercial banking
229. Computer Sciences Corporation (CSC), Information technology
280. Hilton Worldwide Holdings, Hotels, casinos, resorts
441. Gannett, Publishing, printing
475. Booz Allen Hamilton Holding, Information technology
Other facts about Fairfax Countyâ€™s Fortune 500 companies:
- Eight of the 19 Fortune 500 companies in Virginia have headquarters in Fairfax County, including four of the five largest Virginia companies.
- With combined 2014 revenue of $183 billion, Fairfax County Fortune 500 companies account for 45 percent of the revenue of all Fortune 500 companies based in the Washington region, and 60 percent of the revenue of all Fortune 500 companies headquartered in Virginia.
- Fairfax County companies had more than twice the revenue of all Maryland firms on the Fortune 500 list and 30 percent more revenue than the Washington, D.C., firms:
- Fairfax County $183 billion
- Washington, D.C. $136 billion
- Maryland $71 billion