12 MD Companies Make Fortune 500 List For 2018

BALTIMORE, MD — A total of 12 Maryland-based companies were named to the Fortune 500 2018 list. The 64th iteration of the famous list ranks the largest companies by revenue with the top 500 representing two-thirds of the U.S. GDP with $12.8 trillion in revenues.

Walmart remained the top company on the list with more than $500 billion in revenue. Coming in a distant second was Exxon Mobil with more than $244 billion in revenue. Berkshire Hathaway, Apple and UnitedHealth Group rounded out the top 5. Amazon managed to climb to 8th place after previously placing 12th on the list.

Defense firm Lockheed Martin, headquartered in Bethesda, was the top Maryland-based company to make the list at 59th place. Under the Republicans’ proposed budget plan, the defense company would receive a higher spending budget for key programs. The new tax law has also given the company a boost: Lockheed reported its effective tax rate at 14.9% for the first quarter of this year, compared with 23.8% a year ago, Fortune reports.

Other Maryland firms making the prestigious list include hotel chain Marriott International, sportswear company Under Armour, spice purveyor McCormick and more. And although the list is the Fortune 500, the publication ranks beyond that cut-off point.

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Below are all the Maryland companies that made the list:

• Lockheed Martin (59)
• Marriott International (127)
• Discovery (409)
• Host Hotels & Resorts (502)
• Under Armour (527)
• McCormick (539)
• T. Rowe Price (540)
• Laureate Education (568)
• Colfax (627)
• Legg Mason (750)
• Ciena (770)
• Sinclair Broadcast Group (786)

Check out the full Fortune list here.

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