Virginia, located on the East Coast of the United States, is a state rich in history, culture, and economic prosperity.
Home to a diverse range of industries, Virginia boasts a thriving business community with several major corporations calling the state home.
Among the 38 largest companies in Virginia are giants such as Capital One Financial, Northrop Grumman, and AES Corporation.
These companies contribute significantly to the state’s economy and provide employment opportunities for thousands of Virginians.
With a strong emphasis on innovation and technology, Virginia continues to attract businesses and investors looking to tap into the state’s vibrant market.
1. Capital One Financial Corporation
Background: Capital One is a diversified bank holding company known for its credit card services, banking products, and auto loans, headquartered in McLean, Virginia.
Core Industries: Provides financial services including credit cards, banking, and lending to consumers, small businesses, and commercial clients.
Achievements: Capital One is renowned for its innovative use of technology in banking and its focus on customer-centric financial solutions.
2. Northrop Grumman Corporation
Background: Northrop Grumman is a global aerospace and defense technology company headquartered in Falls Church, Virginia, with a focus on innovation in unmanned systems, cybersecurity, and space exploration.
Core Industries: Designs, manufactures, and sells defense and aerospace technology, including aircraft, spacecraft, electronics, and cybersecurity solutions.
Achievements: Northrop Grumman is recognized for its contributions to national security, technological advancements in aerospace, and commitment to sustainability.
3. Freddie Mac
Background: Freddie Mac, officially known as the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise headquartered in McLean, Virginia, playing a crucial role in the secondary mortgage market.
Core Industries: Provides liquidity, stability, and affordability to the housing market by purchasing mortgages from lenders and packaging them into mortgage-backed securities.
Achievements: Freddie Mac has played a significant role in expanding homeownership opportunities, stabilizing the mortgage market, and supporting affordable housing initiatives.
4. General Dynamics Corporation
Background: General Dynamics is a global aerospace and defense company headquartered in Reston, Virginia, with business segments including aerospace, combat systems, marine systems, and information technology.
Core Industries: Designs, manufactures, and sells a wide range of defense and aerospace products and services, including military vehicles, submarines, aircraft, and IT systems.
Achievements: General Dynamics is known for its contributions to national defense, technological innovation, and its commitment to delivering mission-critical solutions to government and commercial customers.
5. Altria Group, Inc.
Background: Altria Group, Inc. is a multinational tobacco corporation headquartered in Richmond, Virginia, with a diverse portfolio of tobacco and non-tobacco products.
Core Industries: Engaged in the manufacturing and sale of cigarettes, smokeless tobacco, and wine, as well as investments in cannabis and vaping products.
Achievements: Altria Group is recognized as one of the world’s largest tobacco companies, with brands such as Marlboro and Copenhagen, and has diversified its portfolio to adapt to changing consumer preferences.
6. Dominion Energy, Inc.
Background: Dominion Energy is a regulated utility and energy company headquartered in Richmond, Virginia, providing electricity and natural gas services to customers in multiple states.
Core Industries: Generates, transmits, and distributes electricity and natural gas, operates renewable energy projects, and provides energy-related services.
Achievements: Dominion Energy is known for its commitment to clean energy, renewable energy investments, and efforts to modernize the electric grid.
7. Hilton Worldwide Holdings Inc.
Background: Hilton Worldwide Holdings Inc. is a global hospitality company headquartered in McLean, Virginia, operating a portfolio of hotel brands worldwide.
Core Industries: Owns, manages, and franchises hotels and resorts under various brands, including Hilton, Waldorf Astoria, and DoubleTree.
Achievements: Hilton is renowned for its hospitality and customer service, with a presence in over 100 countries and a commitment to sustainable travel and tourism practices.
8. DXC Technology Company
Background: DXC Technology Company is a global IT services company headquartered in Tysons, Virginia, providing technology solutions and consulting services to clients worldwide.
Core Industries: Offers IT consulting, outsourcing, and digital transformation services, serving industries such as healthcare, finance, manufacturing, and government.
Achievements: DXC Technology is known for its expertise in digital technologies, cloud computing, cybersecurity, and its role in enabling organizations to navigate the digital age.
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9. Norfolk Southern Corporation
Background: Norfolk Southern Corporation is a major transportation company headquartered in Norfolk, Virginia, operating a comprehensive network of railroads in the eastern United States.
Core Industries: Provides rail transportation services for freight shipping, including coal, automotive, agriculture, and intermodal goods.
Achievements: Norfolk Southern plays a vital role in the transportation of goods across the eastern U.S., contributing to economic growth, job creation, and sustainability efforts.
10. AES Corporation
Background: AES Corporation is a global power company headquartered in Arlington, Virginia, with operations in electricity generation and distribution across multiple countries.
Core Industries: Generates and distributes electricity through a diverse portfolio of power plants, including coal, natural gas, and renewable energy sources.
Achievements: AES is known for its leadership in sustainable energy solutions, renewable energy investments, and its commitment to reducing carbon emissions.
11. SAIC (Science Applications International Corporation)
Background: SAIC is a technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise IT markets. Headquartered in Reston, Virginia.
Core Industries: SAIC offers a wide range of services including engineering, systems integration, cybersecurity, and IT modernization.
Achievements: SAIC is recognized for its contributions to national security, innovation in technology solutions, and commitment to mission success for its government and commercial clients.
12. Leidos Holdings, Inc.
Background: Leidos is a global science and technology solutions leader working to solve the world’s toughest challenges in defense, intelligence, homeland security, civil, and health markets. Headquartered in Reston, Virginia.
Core Industries: Leidos provides a broad range of services including defense and intelligence solutions, cybersecurity, logistics, and healthcare IT.
Achievements: Leidos is known for its innovative solutions, advanced technology capabilities, and dedication to making the world safer, healthier, and more efficient.
13. CarMax, Inc.
Background: CarMax is the largest used-car retailer in the United States and is headquartered in Richmond, Virginia.
Core Industries: CarMax operates as a retailer of used vehicles, providing customers with a wide selection of cars, trucks, and SUVs through its retail stores and online platform.
Achievements: CarMax revolutionized the used-car buying experience with its no-haggle pricing, extensive vehicle inspections, and customer-focused approach to sales and service.
14. WestRock Company
Background: WestRock is an American corrugated packaging company. It was formed in July 2015 after the merger of MeadWestvaco and RockTenn.
Headquartered in Atlanta, Georgia, with operations around the world, including facilities in Virginia.
Core Industries: WestRock manufactures packaging solutions, including corrugated containers, folding cartons, and consumer packaging.
Achievements: WestRock is known for its innovative packaging designs, sustainable practices, and commitment to delivering value to its customers.
15. Booz Allen Hamilton Holding Corporation
Background: Booz Allen Hamilton is a management and information technology consulting firm, headquartered in McLean, Virginia.
Core Industries: Booz Allen provides consulting services in areas such as cybersecurity, data analytics, digital transformation, and defense.
Achievements: Booz Allen is recognized for its expertise in consulting, its role in advancing technology solutions, and its long-standing partnerships with government and commercial clients.
16. Performance Food Group Company
Background: Performance Food Group is a leading foodservice distributor in North America, headquartered in Richmond, Virginia.
Core Industries: PFG distributes a wide range of food and related products to restaurants, healthcare facilities, schools, and other foodservice providers.
Achievements: Known for its extensive product offerings, efficient distribution network, and commitment to customer service in the food industry.
17. Advance Auto Parts, Inc.
Background: Advance Auto Parts is a leading automotive aftermarket parts retailer headquartered in Roanoke, Virginia.
Core Industries: AAP operates a chain of stores selling automotive parts, accessories, batteries, and maintenance items.
Achievements: Recognized for its extensive inventory, knowledgeable staff, and convenient services for DIY enthusiasts and professional mechanics.
18. Navy Federal Credit Union
Background: Navy Federal Credit Union is a credit union serving the military and their families, headquartered in Vienna, Virginia.
Core Industries: Provides banking services including savings accounts, checking accounts, loans, mortgages, and investment products.
Achievements: Navy Federal is known for its commitment to serving military members and their families, offering competitive rates and financial services tailored to their unique needs.
19. NVR, Inc.
Background: NVR, Inc. is a home construction and mortgage banking company headquartered in Reston, Virginia.
Core Industries: NVR constructs and sells homes under its various brand names and provides mortgage banking services.
Achievements: NVR is recognized for its high-quality homes, customer satisfaction, and integrated homebuilding and mortgage services.
20. Mars, Incorporated
Background: Mars, Incorporated is a global food, petcare, and confectionery company headquartered in McLean, Virginia.
Core Industries: Mars produces and sells popular brands such as M&M’s, Snickers, Pedigree, and Uncle Ben’s.
Achievements: Known for its commitment to quality, innovation, and sustainability across its diverse portfolio of brands.
21. General Electric Company (GE Aviation)
Background: General Electric (GE) Aviation is a subsidiary of General Electric headquartered in Evendale, Ohio, with a major presence in Virginia.
Core Industries: GE Aviation is a leading provider of jet engines, aircraft systems, and avionics.
Achievements: Known for its innovative technologies in aviation, GE Aviation plays a critical role in the aerospace industry with its advanced engine designs and systems.
22. Raytheon Technologies Corporation
Background: Raytheon Technologies is an aerospace and defense company formed through the merger of Raytheon Company and United Technologies Corporation, headquartered in Waltham, Massachusetts, with operations in Virginia.
Core Industries: Raytheon Technologies is a major supplier of aerospace and defense products, including missiles, aircraft systems, and cybersecurity solutions.
Achievements: Recognized for its contributions to national defense, technological innovation, and global impact in aerospace and defense markets.
23. Smithfield Foods, Inc.
Background: Smithfield Foods is a meat processing company and a subsidiary of WH Group, headquartered in Smithfield, Virginia.
Core Industries: Smithfield is one of the world’s largest pork producers and processors, with operations in meatpacking, hog farming, and food distribution.
Achievements: Known for its leading position in the meat industry, Smithfield Foods supplies a wide range of pork products to consumers worldwide.
24. Dollar Tree, Inc.
Background: Dollar Tree, Inc. is a retail company headquartered in Chesapeake, Virginia, operating discount variety stores under the Dollar Tree and Family Dollar brands.
Core Industries: Dollar Tree sells a variety of items priced at $1 or less, including household goods, party supplies, and seasonal products.
Achievements: Dollar Tree is known for its value-oriented business model, offering affordable products to budget-conscious consumers through its expansive network of stores.
25. Genworth Financial, Inc.
Background: Genworth Financial is a financial services company specializing in insurance products and wealth management, headquartered in Richmond, Virginia.
Core Industries: Genworth provides life insurance, long-term care insurance, mortgage insurance, and investment products.
Achievements: Genworth is known for its insurance solutions, retirement planning services, and commitment to helping individuals achieve financial security.
26. Lidl US, LLC
Background: Lidl is a global supermarket chain headquartered in Arlington, Virginia, with stores across Europe and the United States.
Core Industries: Lidl operates grocery retail stores offering a wide range of products at competitive prices, including fresh produce, baked goods, and household essentials.
Achievements: Known for its focus on affordability, quality, and convenience, Lidl has expanded its presence in the U.S. grocery market with its innovative approach to retail.
27. Capital Group Companies
Background: Capital Group Companies is a global investment management firm headquartered in Los Angeles, California, with operations in Virginia.
Core Industries: Capital Group offers a wide range of investment solutions, including mutual funds, retirement planning, and wealth management services.
Achievements: Capital Group is known for its long-term investment approach, rigorous research process, and track record of delivering strong investment results for clients.
28. ManTech International Corporation
Background: ManTech International Corporation is a government contractor providing technology and cybersecurity solutions, headquartered in Herndon, Virginia.
Core Industries: ManTech offers cybersecurity, intelligence, defense, and IT services to government agencies and commercial clients.
Achievements: ManTech is recognized for its expertise in cybersecurity, defense technology, and mission-critical support to federal agencies and organizations.
29. Maximus, Inc.
Background: Maximus, Inc. is a government services provider headquartered in Reston, Virginia, specializing in health and human services, workforce solutions, and program management.
Core Industries: Maximus delivers a range of services including Medicaid administration, child support enforcement, and workforce development programs.
Achievements: Maximus is known for its role in improving government services, enhancing program efficiency, and delivering positive outcomes for citizens and communities.
30. CACI International Inc
Background: CACI International Inc is a multinational professional services and IT company headquartered in Arlington, Virginia, providing consulting, technology, and outsourcing services.
Core Industries: CACI offers a wide range of solutions including cybersecurity, intelligence, communications, and logistics support.
Achievements: CACI is known for its expertise in national security, IT modernization, and its role in supporting critical missions for government agencies and commercial clients.
31. Appian Corporation
Background: Appian Corporation is a software company headquartered in Tysons, Virginia, specializing in low-code automation and business process management solutions.
Core Industries: Appian provides software platforms that enable organizations to build, deploy, and manage enterprise applications with minimal coding.
Achievements: Known for its innovative low-code technology, Appian helps businesses accelerate digital transformation and streamline business operations.
32. AvalonBay Communities, Inc.
Background: AvalonBay Communities is a real estate investment trust (REIT) headquartered in Arlington, Virginia, specializing in multifamily apartment communities.
Core Industries: AvalonBay develops, owns, and manages luxury apartment properties in high-demand urban and suburban markets.
Achievements: Recognized for its upscale amenities, sustainable practices, and commitment to creating vibrant residential communities.
33. CGI Inc.
Background: CGI Inc. is a multinational IT consulting and outsourcing company headquartered in Montreal, Canada, with a significant presence in Virginia.
Core Industries: CGI offers IT consulting, systems integration, outsourcing, and business process services to clients in various industries.
Achievements: CGI is known for its global delivery model, digital transformation expertise, and successful implementation of large-scale IT projects.
34. ICF International, Inc.
Background: ICF International is a consulting and technology services company headquartered in Fairfax, Virginia, specializing in energy, environment, and health solutions.
Core Industries: ICF provides consulting, advisory, and implementation services to government agencies, nonprofit organizations, and private sector clients.
Achievements: ICF is recognized for its expertise in sustainability, climate change mitigation, and its role in addressing complex societal challenges.
35. Huntington Ingalls Industries, Inc.
Background: Huntington Ingalls Industries (HII) is America’s largest military shipbuilding company, headquartered in Newport News, Virginia.
Core Industries: HII designs, builds, and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard.
Achievements: HII is known for its legacy of shipbuilding excellence, innovation in maritime technology, and contributions to national defense.
36. Strayer Education, Inc.
Background: Strayer Education, Inc. is an education services company headquartered in Herndon, Virginia, specializing in online and campus-based higher education programs.
Core Industries: Strayer offers undergraduate and graduate degree programs in business, information technology, education, and other fields.
Achievements: Known for its flexible learning options, career-focused curriculum, and commitment to adult learners seeking to advance their education.
37. Beacon Roofing Supply, Inc.
Background: Beacon Roofing Supply is one of the largest distributors of residential and commercial roofing materials in North America, headquartered in Herndon, Virginia.
Core Industries: Beacon distributes a wide range of roofing and related building materials to contractors, builders, and homeowners.
Achievements: Beacon is known for its extensive product selection, distribution network, and commitment to customer service in the construction industry.
38. Gannett Co., Inc.
Background: Gannett Co., Inc. is a mass media company headquartered in McLean, Virginia, operating as the largest newspaper publisher in the United States.
Core Industries: Gannett publishes newspapers, digital media, and provides marketing services through its media properties.
Achievements: Gannett is known for its influential journalism, media innovation, and its role in shaping public discourse through its diverse media platforms.
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Conclusion
The listed companies in Virginia span various sectors including finance, technology, defense, education, media, and construction.
They contribute significantly to the state’s economy, innovation, and employment.
Key players like Capital One Financial Corporation and Northrop Grumman Corporation showcase Virginia’s prominence in finance and aerospace industries.
Others like Strayer Education, Inc. and Beacon Roofing Supply, Inc. underscore the diversity of the state’s business landscape.
Overall, these companies exemplify Virginia’s economic vitality and innovation across multiple sectors.
