Falls Church Area Companies Ranked On 2018 Fortune 500

FALLS CHURCH, VA—Two companies from the Falls Church area of Fairfax County have made the latest Fortune 500 list of the largest corporations in the U.S.

Fortune Magazine ranks the largest corporations by revenue in the annual list. In all, these companies have $12.8 trillion in revenues, $1 trillion in profits and 28.2 million employees worldwide. They make up two-thirds of the country's gross domestic product (GDP). The rankings are based on 2017 revenue.

Falls Church area based General Dynamics' ranking of 99 remained unchanged from last year, as well as Northrop Grumman at 118.

Fairfax County has nine companies on the Fortune 500 list, the most in the DC area. Another notable ranking comes from Reston-based information technology company Leidos Holdings, which jumped 89 spots to 292. This is the fourth biggest jump on the list.

Fairfax County will potentially have another Fortune 500 company later this year. Arconic, a manufacturer of light metal solutions ranked at 225 on the Fortune 500, will move headquarters from New York City to Tysons Corner.

The other ranked DC area companies are three in Montgomery County, Md., two in Washington, D.C. and one in Arlington County.

“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, in a statement.

Here are the Fairfax County companies ranked on Fortune 500:

• 38. Freddie Mac: Financial services, Tysons Corner
• 99. General Dynamics: Aerospace and defense, Falls Church
• 101. Capital One Financial: Financial services, Tysons Corner
• 118. Northrop Grumman: Aerospace and defense, Falls Church
• 292. Leidos Holdings: Information technology, Reston
• 324. Hilton Worldwide Holdings: Hotels, resorts, Tysons Corner
• 374. DXC Technologies: Information technology, Tysons Corner
• 444. NVR, Home construction, Reston
• 482. Booz Allen Hamilton: Management consulting, Tysons Corner

The top 10 Fortune 500 companies in the U.S. are:

• 1. Walmart
• 2. Exxon Mobil
• 3. Berkshire Hathaway
• 4. Apple
• 5. UnitedHealth Group
• 6. McKesson
• 7. CVS Health
• 8. Amazon
• 9. AT&T
• 10. General Motors

See the full Fortune 500 list here.

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