American businesswoman and former intelligence officer, Wharton School of the University of Pennsylvania, "The World's Most Powerful Women In Business 2018: Driving Change From The Corner Office", "Phebe Novakovic provided plane take Saric Podgorica", "Outstanding Alumnae Named 2016 Smith Medalists", https://en.wikipedia.org/w/index.php?title=Phebe_Novakovic&oldid=1129486807, American chief executives of Fortune 500 companies, People of the Central Intelligence Agency, United States Department of Defense officials, Wharton School of the University of Pennsylvania alumni, Articles containing Serbian-language text, Articles with unsourced statements from July 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 25 December 2022, at 17:16. During the early 1960s the company bid on the United States Air Force's Tactical Fighter, Experimental (TFX) project for a new low-level "penetrator". General Dynamics annual net income for 2022 was $3.39B, a 4.08% increase from 2021. 4. Chicago industrialist Henry Crown became the company's largest shareholder and merged his Material Service Corporation with GD in 1959. Effective 2020, Former Chief Operating Officer Danny Deep took over the President role of Land Systems division at General Dynamics. He is instantly recognizable in, Read More 20 Things You Didnt Know about Matthew McConaugheyContinue, Philip Krim is the CEO of the Casper company. Required fields are marked *. He was conversant with 6 languages except English and worked for the US Air Force as an Intelligence Officer. It is also planning to create footprint in information-technology operation through acquisitions. [102] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support. As a matter of fact, she made almost twenty million dollars last year alone. She is an MBA from the Wharton School University of Pennsylvania. As of 2021, the General Dynamics CEO's net worth was estimated to range between 150-175 million USD. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. Video games are big business. As senior vice president, planning and development, she gained a strong understanding of our core customers and the global marketplace in which we operate. "General Dynamics Board Declares Dividend", "General Dynamics Unit Gets $4B Army Contract to Produce Modern Battle Tanks", "General Dynamics Electric Boat - History", "BOARDS APPROVE CONVAIR MERGER; General Dynamics to Step Up as Vast Defense Complex if Stockholders Concur", "Liquid Carbonic Industries Corporation records", "$450 Million Dynamics Deal For Two Units", "General Dynamics Completes Acquisition of Saco Defense Corp", "Primex Technologies acquired by General Dynamics", "General Dynamics Agrees to Buy Galaxy Aerospace for $330 Million", "In Brief: General Dynamics completes IMCO buy", "General Dynamics finishes buy of Spectrum Astro", "General Dynamics acquires Tadpole Computer", "General Dynamics acquires Mediaware International", "HLTH Announces Agreement to Sell ViPS Unit to General Dynamics for $225 Million", "General Dynamics to Boost Gulfstream With Jet Aviation Purchase", "General Dynamics Completes Acquisition of AxleTech International", "General Dynamics to Acquire Arlington Contractor for Nearly $1 Billion", General Dynamics acquires NICTA start-up Open Kernel Labs, "General Dynamics Acquires Applied Physical Sciences Corp", "General Dynamics Mission Systems Acquires Bluefin Robotics", "General Dynamics buying CSRA for about $6.8 billion", "General Dynamics to buy government IT contractor CSRA for $6.8 billion", "General Dynamics Buying CSRA for $6.8 Billion", "ECC | Liquid Carbonic Industries Corporation records", General Dynamics Sells a Third San Diego Unit, "General Dynamics Sells Atlas Rocket Unit", "Convair Plant in San Diego to Close by 1996: Manufacturing: Move will end 1,900 jobs and the city's long tradition of building planes", "Material Service sold to Hanson; Lester Crown remains chair", Crown II Mine Closing; Freeman Coal Sold to New Company, Orbital buys General Dynamics' spacecraft business, "MDA completes strategic capability acquisition in the United States", General Dynamics Robotic Systems Autonomous Navigation System (ANS), General Dynamics Robotic Systems Mobile Detection Assessment and Response System (MDARS), General Dynamics Robotic Systems Unmanned Surface Vehicles (USV), General Dynamics Armament and Technical Products (GDATP), "General Dynamics Ordnance and Tactical Systems", "General Dynamics - Corporate Governance - Board of Directors", "General Dynamics Financial Statements 2005-2022 | GD", "General Dynamics - 2021 Corporate Sustainability Report", "General Dynamics - 2020 Corporate Sustainability Report", "US Department of Labor announces recipients of 2021 HIRE Vets Medallion Awards | U.S. Department of Labor", "General Dynamics Corporation - ResponsibilityReports.com", Patents owned by General Dynamics Corporation, General Dynamics European Land Systems (Gdels.com) site, https://en.wikipedia.org/w/index.php?title=General_Dynamics&oldid=1138821574, Director and Chair, Nominating and Corporate Governance Committee, Director and Chair, Sustainability Committee, Director and Chair, Finance and Benefit Plans Committee, Director and Chair, Compensation Committee. This has given her the opportunity to have a diverse career that has encompassed many different things, none of which have been easy to achieve. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. Phebe Novakovic is 62, she's been the Chairman of the Board and Chief Executive Officer of General Dynamics since 2013. For the fiscal year 2022, General Dynamics reported net income of US$3.309 billion, with an annual revenue of US$39.407 billion, an increase of 2.44% over the previous fiscal cycle. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. Hopkins hired Canadian-born mass-production specialist H. Oliver West to take over the president's role and return Canadair to profitability. Roualet joined Chrysler Defense, Inc. (now GD Land Systems) as a quality engineer. This also translates into the EPS and revenue expectations with GD currently expected to deliver EPS growth of 7.5% in 2022 and 10.9% in 2023 compared to that of LMT coming in at 3.9% and 4.7% . On average, C trades about 1,268 units every 17 days since 2006. F-16 orders eventually totaled more than 4,600,[citation needed] making it the company's largest and most successful program. This put her in a position to be successful because it helped her understand exactly what was required. General Dynamics, meanwhile, has noted that past tensions have increased demand for the company's products. The leaders and executives of General Dynamics Corporation are seasoned professionals who have guided the company through its challenges and accomplishments over the past 70 years. Sales in General Dynamics' aerospace unit which makes Gulfstream jets rose to $2.56 billion from $2.44 billion a year earlier, while overall revenue fell to $10.29 billion from $10.48 billion.. With over 10 years experience he's covered businesses, CEOs, and investments. In other General Dynamics news, VP Mark Lagrand Burns sold 27,600 shares of the company's stock in a transaction on Friday, January 27th. Chairman and Chief Executive Officer since January 1, 2013; President and Chief Operating Officer from May 2012 through December 2012; Executive Vice President, Marine Systems, from May 2010 to May 2012; Senior Vice President, Planning and Development, from 2005 to May 2010; Vice President, Strategic . Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 8 equities research analysts have issued twelve-month price objectives for General Dynamics' shares. General Dynamics current chairman and chief executive officer is Phebe N. Novakovic. 1957 - Purchased Liquid Carbonic Corporation of Chicago, Illinois, on September 30. Ms. Novakovics current service as a public company director provides her with a valuable perspective on corporate governance matters and the roles and responsibilities of a public company board. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Below is a breakdown of the former calculation. In March the board of Alvis Vickers voted in favor of the 309m takeover. 24: General Dynamics CEO Phebe Novakovic ($23.6 million) No. [7] As of 2018, she is listed as the 25th most powerful woman in the world by Forbes,[2] rising from 56th in 2015 and 65th in 2014. 1997 Acquired Lockheed Martin Defense Systems and Lockheed Martin Armament Systems. We're driven by our endless pursuit of excellence. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. It is now a major supplier of armored vehicles of all types, including the M1 Abrams, LAV 25, Stryker, and a wide variety of vehicles based on these chassis. Robert McNamara, newly installed as the Secretary of Defense, forced a merger of the TFX with U.S. Navy plans for a new long-range "fleet defender" aircraft. [6] President and chief executive officer John Jay Hopkins started looking for companies that would fit into Electric Boat's market in hopes of diversifying. [37], It was announced in September 2018 that the U.S. Navy awarded contracts for 10 new Arleigh Burke-class destroyers from General Dynamics Bath Iron Works and Huntington Ingalls Industries. As a supervisor at Newport News Shipbuilding, he was responsible for the CVN-78 reactor plants fluid systems. In 1995, General Dynamics purchased the privately held Bath Iron Works shipyard in Bath, Maine, for $300 million, diversifying its shipbuilding portfolio to include U.S. Navy surface ships such as guided-missile destroyers. As the pandemic persists, labor shortages in transportation and other areas of the food industry could prove to be a problem. General Dynamics employed Firat Gezen in 1998. Her mother, who is proud of her daughters achievements, gives more importance to being a good person first. The most recent stock trade was executed by Mark Lagrand Burns on 27 January 2023, trading 27,600 units of GD stock currently worth $3,749,460. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. Ellison's net worth makes him one of the richest people in the world behind other tycoons like Jeff Bezos. He is a seasoned leader who has worked on the development, manufacture, and maintenance of the most advanced combat platforms. We also aim to spotlight various federal government employees and interview key government executives whose impact resonates beyond their agency. June 28, 2021 News Phebe Novakovic, chairman and CEO of General Dynamics (NYSE: GD) and a 2021 Wash100 Award winner, believes in the patriotism of her role as head of the Reston,. The largest trade he's ever made was selling 20,000 units of Martin Marietta Materials stock on 9 March 2021 worth over $6,748,000. For information about the General Dynamics Board of Directors and our commitment to good corporate governance, visit our Investors hub. Most recently she exercised 320,260 units of GD stock worth $43,507,321 on 8 August 2022. The company offers four business groups to its clients: Aerospace, Combat Systems, Marine Systems, and Technologies. Dividend Income Portfolio. He manages the companys Combat Systems division, which includes Ordinance and Tactical Systems, Land Systems, and European Land Systems. Operating margin was 11.5% for the quarter and 10.8% for the full year. The most active insiders traders include Nicholas D Chabraja, Mary T Barra, and Phebe N Novakovic. The median estimate represents a 97.61 . Boeing General Dynamics Salary & Net Worth - Investors, Funding, & Valuation Gregory, the CEO of leading American defense company, received a total salary of 17 million USD in 2017. You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. To contact the CEO over email try [emailprotected]. General Dynamics net income for the twelve months ending December 31, 2022 was $3.390B, a 4.08% increase year-over-year. In 1976, General Dynamics sold the struggling Canadair back to the Canadian government for $38 million. The charts on this page feature a breakdown of the total annual pay for the top executives at GENERAL DYNAMICS CORP as reported in their proxy statements. As President of General Dynamics Mission Systems, Chris Brady supervises the whole division. Fourth-quarter net earnings of $992 million, diluted EPS of $3.58, on $10.9 billion in revenue Full-year net earnings of $3.4 billion, diluted EPS of $12.19, on $39.4 billion in revenue Record-high ba. CEO Phebe Novakovic replied, . Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. 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Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. 1969 - Forced by Federal order to divest itself of Liquid Carbonic Corporation in January; Liquid Carbonic was then purchased by Houston Natural Gas Co. 1976 Canadair sold back to the Canadian government. We boldly anticipate your future needs, elevating aviation to an art form. 2010 2012 2014 2016 2018 2020 2022 $15 $20 $25 $30 $35 $40 $45 $50 $55 $60 $65 $70 GD Market Capitalization (Billions of Dollars) Prior to this role, he was a managing partner at Jenner & Block LLP for three years (2005-2008), where he concentrated on complex litigation while practicing law. [101] The company has 26 Employee Resource Groups serving 10 employee segments. In 2020 she was appointed a director of J. P. Morgan Chase.[1]. From 2007 to 2011, he joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer. After four rounds of bids and changes, the GD/Grumman team finally won the contract over a Boeing submission. Phebe N. Novakovic, Chairman, and Chief Executive Officer. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. However at the last minute BAE Systems offered 355m for the company. Another midseason drama bites the dust at CBS. [2] Biography [ edit] Early life [ edit] In 1997, General Dynamics acquired Computing Devices Ltd based in Hastings, England which had developed avionics and mission systems for the Panavia Tornado, British Aerospace Harrier II and Hawker Siddeley Nimrod. See M Amy Gilliland's compensation, career history, education, & memberships. That should tell you something about her work ethic. Here are 10 ideas that were selected for our Top Picks 2020 Report. 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