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Virginia’s Fortune 500 companies
Freddie Mac, the federally sponsored mortgage business headquartered in McLean, continues to be the top-ranked Virginia-based company at No. 38, down two spots from last year, with $122 billion in annual revenue Arlington County-based defense contractors RTX and Boeing were the second and third highest ranking companies based in Virginia, with RTX moving up one […]
7 Virginia businesses land on Fortune Global 500
Virginia has seven businesses named to the Fortune Global 500 for 2025.
General Dynamics subsidiary wins $1.85B contract modification
General Dynamics Electric Boat has been awarded an up to $1.85 billion contract modification from the U.S. Navy.
General Dynamics wins $987M submarine contract modification
The shipbuilding unit of Reston-based aerospace and defense giant General Dynamics won a $987 million contract modification.
GDIT secures $396M Special Operations Command contract
Falls Church federal contractor General Dynamics Information Technology won a $396 million contract to support the U.S. Special Operations Command.
Antitrust lawsuit against General Dynamics, HII revived in appeals court
Two former naval engineers who claimed that General Dynamics, Huntington Ingalls Industries and more than a dozen other government contractors and shipbuilders illegally agreed to not poach each other's employees will receive a rehearing, a federal appeals court panel ruled this month.
Three CEOs from Virginia return to Fortune’s most powerful women list
Three Virginia defense contractors' CEOs returned to Fortune's 100 Most Powerful Women in business list for 2025. They lead General Dynamics, Northrop Grumman and SAIC.
Strike averted as submarine designers in Connecticut agree to contract with Electric Boat
The union for about 2,500 submarine designers at Electric Boat in Connecticut, a subsidiary of Reston-based General Dynamics, has tentatively agreed to a new contract with the company, averting a strike that would have begun Monday.
General Dynamics submarine designers to strike on May 18 if contract deal isn’t reached
Electric Boat shipyard workers in Connecticut plan a May 18 strike if no contract deal is reached, demanding higher wages and restored pension benefits.
HII, General Dynamics win up to $18.4B submarine contract modification
Huntington Ingalls and General Dynamics have been awarded Navy contract modifications worth up to a possible $18.4 billion to build two Virginia-class submarines, the Department of Defense announced.
Boeing doesn’t expect its recovery to be impacted by trade war with China
Boeing CEO Kelly Ortberg said Wednesday that he doesn't expect the U.S. trade war with China to forestall the Arlington County-based company's financial recovery. Meanwhile, RTX and General Dynamics surpass Wall St. expectations and Northrop Grumman is below forecast.
General Dynamics subsidiary wins $1B Navy contract
A Connecticut-based subsidiary of Reston-headquartered Fortune 500 contractor General Dynamics was recently awarded a $1 billion contract modification from the U.S. Navy to purchase long lead time materials for Virginia-class Block VI submarines. The subsidiary, General Dynamics Electric Boat, announced the award on Tuesday. The company designs, builds, repairs and modernizes nuclear submarines fo[...]
