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T. Rowe Price, Sinclair Broadcast, McCormick make Fortune 500 list, the first Baltimore firms since 2012

For the first time since 2012, three Baltimore-area companies earned spots on this year’s Fortune 500 list, released Wednesday — T. Rowe Price Group, Sinclair Broadcast Group and McCormick & Co.

T. Rowe Price ranked 447th, Sinclair 465th and McCormick 482nd on the annual list published by Fortune magazine, which ranks 500 of the largest U.S. corporations by total revenue.

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Baltimore has not had a Fortune 500 company since 2012, when Constellation Energy was acquired by Chicago-based Exelon Corp.

Both TV station owner Sinclair and money management firm T. Rowe Price broke into the Fortune 500 for the first time.

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Sinclair, based in Hunt Valley, had revenue of $5.9 billion last year. The company own or operates 186 television stations in 87 U.S. markets that make up 40% of U.S. households.

Baltimore-based T. Rowe Price, which has $1.6 trillion in assets under management, made it on the list this year with a 10.5% jump in sales to $6.2 billion in 2020.

And McCormick, also based in Hunt Valley, saw its revenue grow 4.7% to $5.6 billion in 2020. The 2021 rankings marked the first time the spice and flavorings maker has been in the top 500 since 1994, said the company, calling it “an important milestone.”

“We are proud of our sustained performance and being included on the prestigious Fortune 500 list,” said Lawrence E. Kurzius, McCormick’s chairman, president and CEO, in an announcement.

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Aerospace defense giant Lockheed Martin, based in Bethesda, was the highest ranking Maryland-based company on the list at number 49, with $65.4 billion in revenue and a 9% jump in revenue.

Other Maryland companies included Silver Spring-based Discovery Communications at No. 290 and Bethesda-based Marriott International at 293.

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