Industries

20 firms in Virginia make Fortune 500 list

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Virginia has two more Fortune 500 firms than it did last year despite losing electronics retailer Circuit City Stores.

SAIC, a defense and IT contractor, moved its headquarters to McLean. That helped replace Circuit City, which filed for bankruptcy in 2008 and closed its stores last year. SAIC came in at No. 215 on the list, jumping up from No. 266 on the list last year.

In addition, Virginia Beach-based Amerigroup and NII Holdings of Reston jumped enough spots on Fortune’s list to enter the top 100. Amerigroup, a managed health-care company, moved from spot 509 on the Fortune 1000 list last year to No. 404 this year. NII Holdings, a wireless phone company concentrating on Latin American markets, rose from spot 530 last year to 468.

Freddie Mac ranked highest out of Virginia at spot 54, with $37.6 million in revenues.

Fortune magazine lists the top 500 and 1,000 companies each year based on revenues from the previous year. The coveted title is a key tool for economic development promotion.

Virginia has the eighth most Fortune 500 firms out of the 50 states. California and Texas, which both have 57 Fortune 500 firms, tied for the largest number of companies on the list.

Following are the 20 companies that made the list:

  • Freddie Mac, 54
  • General Dynamics, 69
  • Altria Group, 137
  • Computer Sciences (CSC), 138
  • Capital One Financial, 144
  • Dominion Resources, 153
  • SAIC, 215
  • Genworth Financial, 257
  • Owens & Minor, 283
  • Norfolk Southern, 287
  • CarMax, 323
  • SLM, 354
  • MeadWestvaco, 357
  • Gannett, 370
  • Advance Auto Parts, 389
  • Dollar Tree, 397
  • Amerigroup, 404
  • NII Holdings, 468

 


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