May 23, 2018

17 CT companies on Fortune 500 list for 2018

Aetna's Hartford headquarters.

Seventeen Connecticut companies were selected on Fortune Magazine's 2018 Fortune 500 list as four remained in the top 100.

Hartford health insurer Aetna, with total revenue of $60.5 billion, ranked in the state's top spot despite dropping by six positions from last year's list to No. 49. CVS Health Corp., whose proposed $69 billion acquisition of Aetna is on pace to close in the second half of 2018, ranks No. 7. This marks Aetna's 18th year on the list.

Meanwhile, Farmington industrial conglomerate United Technologies Corp. again ranked in the second spot in Connecticut and No. 51 on the list with revenue of $59.8 billion. UTC is set to merge with Iowa avionics manufacturer Rockwell Collins, ranked No. 415 on the list, in a deal worth $30 billion.

Bloomfield health insurer Cigna saw its ranking drop by three spots to No. 73 with revenue of $41.6 billion. Cigna announced in March its plan tobuy pharmacy-benefit manager Express Scripts, ranking No. 25, in a cash-stock deal valued at $67 billion, including debt worth $15 billion.

Other Connecticut companies in the Fortune 500 include:

74. Charter Communications (Stamford) $41.6B

156. Hartford Financial Services (Hartford) $19.2B

173. Synchrony Financial (Stamford) $16.7B

186. XPO Logistics (Greenwich) $15.4B

228. Stanley Black & Decker (New Britain) $12.7B

229. Booking Holdings (Norwalk) $12.7B

264. Praxair (Danbury) $11.4B

291. Xerox (Norwalk) $10.3B

325. Frontier Communications (Norwalk) $9.1B

364. Eversource Energy (Hartford/Boston) $7.7B

368. EMCOR Group (Norwalk) $7.6B

369. W.R. Berkley (Greenwich) $7.6B

403. Amphenol (Wallingford) $7B

424. United Rentals (Stamford) $6.6B

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