Jakarta, Indonesia. By 1984, General Dynamics had four divisions: Convair in San Diego, General Dynamics-Fort Worth, General Dynamics-Pomona, and General Dynamics-Electronics. Both units were recombined into one entity in 1992. Additionally, he is a vice president at General Dynamics Corporation, the parent company of Gulfstream. Phebe N. Novakovic, Chairman, and Chief Executive Officer. Meet GENERAL DYNAMICS' marquee product -- the M1A2 ABRAMS MAIN BATTLE TANK. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic . 64: Duke Energy CEO. 2022 Copyrights While she loves her professional life, shes also been married for a number of years and considers her husband be her rock. M Amy Gilliland is President at General Dynamics Information Technology. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and 5th largest in the United States by total sales. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. Before she started working at General Dynamics, she worked for the Central Intelligence Agency. Wealth History HOVER TO REVEAL NET WORTH BY YEAR Forbes Lists #30 Power Women (2022) 50 Over 50 -. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. GD has been able to withstand the rise of technology, growing competition, and a fast-changing market and customer demand by using these strategies. The board decided to build all future planes in Fort Worth, ending plane production at Convair's original plant in San Diego but continuing with space and missile development there. [4][5], She joined General Dynamics in 2001. However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company. Upon graduating high school, she attended college in Massachusetts to get an MBA. 2000 Acquired Saco Defense from New Colt Holding Corp. which owned it since 1998. IMAGE SOURCE: GENERAL DYNAMICS . General Dynamics Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. Ms. Novakovic owns over 320,260 units of General Dynamics stock worth over $259,118,187 and over the last 19 years she sold GD stock worth over $0. History [ edit] Electric Boat [ edit] General Dynamics traces its ancestry to John Philip Holland 's Holland Torpedo Boat Company. [2] The company is a Fortune 100 company, and was ranked No. No. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. 4. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. In the same year, General Dynamics is among the Top 10 Defense Contractors. In 1986 the Pomona division (which mainly produced the Standard Missile and the Phalanx CIWS for the navy) was split up, creating the Valley Systems Division. (Recommended: Boeing CEO Email & Net Worth Dennis Muilenburg). From 1952 through the 1990s, the company supplied all military services with tanks, submarines, warships, missiles, rockets, fighters, and electronics. Canadair also produced 200 CF-104 Starfighter supersonic fighter aircraft, a license-built version of the Lockheed F-104. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Most recently she exercised 320,260 units of GD stock worth $43,507,321 on 8 August 2022. Before he joined the company in 2002, Jason W. Aiken was an audit manager at Arthur Andersen LLP in Washington, D.C. For The World's Most Powerful Women, Is Power In Peril? More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. Phebe Novakovic is an American businesswoman and former intelligence officer. [15], Frank Pace retired under pressure in 1962 and Roger Lewis, former Assistant Secretary of the Air Force and Pan American Airways CEO, was brought in as CEO. She is an MBA from the Wharton School University of Pennsylvania. Theyre the politicians taking on the worlds most pressing problems, leading billion-dollar businesses and leveraging their celebrity for social causes; some are setting trends [], USS Tucson crosses the Sea of Japan during "Invincible Spirit." [102] Approximately 20% of the company's employees are represented by labor unions such as International Association of Machinists and Aerospace Workers (IAM), The International Union, and United Auto Workers (UAW). ExecutiveGov serves as a news source for the hot topics and issues facing federal government departments and agencies such as Gov 2.0, cybersecurity policy, health IT, green IT and national security. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Disclamer: the number about General Dynamics's Instagram salary income and General Dynamics's Instagram net worth are just estimation based on publicly available information about Instagram's monetization programs, it is by no . [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. The most recent insider tranaction occured on January, 27th when VP Mark Lagrand Burns sold 27,600 shares worth more than $6,263,268.00. These included Canadair CT-133 Silver Star trainer, the Canadair Argus long-range maritime reconnaissance and transport aircraft, and the Canadair F-86 Sabre. General Dynamics net worth as of January 13, 2023 is $65.97B. The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. He is instantly recognizable in, Read More 20 Things You Didnt Know about Matthew McConaugheyContinue, Philip Krim is the CEO of the Casper company. It provides tanks, rockets, missiles, submarines, warships, fighters, and electrical devices to the United States armed forces. Defense spending increased with the onset of the Cold War, and Canadair went on to win many Canadian military contracts for the Royal Canadian Air Force and became a major aerospace company. Chief Executive Officer (CEO) & President Director at Zurich Asuransi Indonesia. She worked as Operations Officer at Central Intelligence Agency (CIA). GD and Northrop were awarded prototype contracts. [5] In 1899, Isaac Rice bought the company from Holland and renamed it Electric Boat Company. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Jay L Johnson, General Dynamics Corp: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology,. General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. Key Attributes/Skills/Expertise: Ms. Novakovics service as a senior officer of General Dynamics since 2002 makes her a valuable and trusted leader. On average, they anticipate the company's share price to reach $267.15 in the next twelve months. Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some . TRD Staff. 24: General Dynamics CEO Phebe Novakovic ($23.6 million) No. Early in the 1990s, they liquidated practically all of their assets, except for the military-vehicle and submarine operations. [12][13], Hopkins fell seriously ill during 1957 and was eventually replaced by Frank Pace later that year. [15] Grumman went on to use many of the innovations of the F-111 in the F-14 Tomcat,[6] an aircraft designed solely as a carrier-borne fighter. 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 you might have guessed, her bank account is a lot bigger than most individuals. [102], Last edited on 11 February 2023, at 20:38, Learn how and when to remove this template message, Trump administration family separation policy, General Dynamics F-16 Fighting Falcon variants, International Association of Machinists and Aerospace Workers, Top 100 Contractors of the U.S. federal government, List of companies headquartered in Northern Virginia, List of military aircraft of the United States, List of United States defense contractors, List of current ships of the United States Navy, List of currently active United States military land vehicles, "General Dynamics Corporation 2022 Annual Report (Form 10-K)", "GENERAL DYNAMICS TO SELL CANADAIR Ottawa Says It Will Acquire AircraftManufacturing Unit for $38 Million", "History of General Dynamics Corporation", "COMPANY NEWS; Canadair to Be Sold To Bombardier Inc", "United States v. General Dynamics Corporation, 258 F. Supp. Covid-19 has turned the strategy into an addiction. The 19 business leaders on Forbes annual list of the Most Powerful Women in the World are driving their companies through social and technological changes such as consumers adopting healthier habits and nations setting ambitious goals for renewable energy. The Pomona operation was closed shortly after its sale to Hughes Aircraft. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. It is not surprising that he quickly scaled the corporate ladder from deputy general counsel in July 2008 to vice president in September of the same year, given his years of experience in legal and management in government litigation. General Dynamics is committed to delivering exceptional products and services to its customers and creating value for its shareholders by focusing on operational excellence and continuous improvement. Researchers have successfully grown cartilage-bone grafts in the lab that can be used to repair damaged joints. It also offers access to a vast array of products and services. Over the last 20 years, insiders at General Dynamics have traded over $146,867,600 worth of General Dynamics stock and bought 36,375 units worth $2,872,964 He has shown amazing skill in developing this new startup which just recently launched in April of 2o14, and taking it on a journey of success, Read More Philip Krim: 10 Things You Didnt Know about Caspers CEOContinue, Deepfake technology is a machine learning model that can interchange one persons face with another in any video production. General Dynamicss culture encourages innovation, agility, and diversity. Hopkins hired Canadian-born mass-production specialist H. Oliver West to take over the president's role and return Canadair to profitability. This deal was finalized in June 2004. Her career at the company started in 2001. The company made a good show and rose to be a well known provider with unique business models that gave the, Read More The Rise and Fall of Loyal3 BrokerageContinue. GD purchased Chrysler's defense divisions in 1982, renaming them General Dynamics Land Systems. "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. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. GD CEO Phebes journey with the company began in 2001. Phebe Novakovic became CEO and Chairman of American aerospace and defense behemoth, General Dynamics Corporation (GD), after the exit of Jay Johnson in 2013. In 2004, General Dynamics bid for the UK company Alvis plc, the leading British manufacturer of armored vehicles. For most people, this job would be exciting enough and there would be no need to prove themselves further after the fact. EBITDA. Analysts had expected net income of $976mn, or $3.55 per share. Its important to remember that most of that money is not actually in cash. During her latter years as SVP (2010-2012), she also held the position of Executive Vice President of Marine Systems. The business of General Dynamics continues to expand through acquisitions and business sectors. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. During her last terms as SVP (from 2010 to 2012 . Another midseason drama bites the dust at CBS. Despite having no engineering background and no long-running relationship with the company, she made it to the position of CEO at the defense company. 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,. This article about a chief executive from the United States is a stub. As the Chairman of the Board and Chief Executive Officer of General Dynamics, the total compensation of Phebe Novakovic at General Dynamics is $18,313,200. Her father is a Serbian, who moved to the US with only 50 USD on him at the age of 17 years. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. Overseeing the accounting, corporate financial systems, financial reporting, and government finance, he has held a significant position in the companys finance management. The US Department of Labor awarded the company the 2021 HIRE Vets Gold Award. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. It is also planning to create footprint in information-technology operation through acquisitions. On this Wikipedia the language links are at the top of the page across from the article title. 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. All Rights Reserved. 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[102] Independent research published by American Association of People with Disabilities (AAPD), U.S. Department of Labor, Military Times, U.S. Veterans Magazine, Professional Women's Magazine, Forbes, and Fortune Magazine selected General Dynamics as a top employer. A good portion of the money she makes is in company equity, not cash, How TikTok Owner ByteDance Plans to Tackle Gaming, The 20 Most Notable University of Florida Alumni in Business, 20 Things You Didnt Know about Matthew McConaughey, Philip Krim: 10 Things You Didnt Know about Caspers CEO, Five Companies Leading the Way in Deepfake Technology. Let us learn more about General Dynamics before diving into its board of directors. Let us meet the board of directors, all the executives in General Dynamics, and their contributions that made the company thrive through the years. [96], General Dynamics reported Total CO2e emissions (Direct + Indirect) for 2021 at 696,118 mt (-8.7% year over year) and aims to reducing greenhouse gas emissions 40% by 2034. GD built an aircraft production factory in Fort Worth, Texas. Below is a breakdown of the former calculation. As senior vice president, planning and development, she gained a strong understanding of our core customers and the global marketplace in which we operate. [7], In 1906, Electric Boat subcontracted submarine construction to the Fore River Shipyard in Quincy, Massachusetts, to build the submarines they had designed and won contracts for. Phebe Novakovic graduated from Smith College in Northampton, Massachusetts in 1979 and received an M.B.A. from the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania in 1988. Insiders at General Dynamics own 1.5% of the company. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. Information on this page was last updated on 1/27/2023. . The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. What Is General Dynamics Worth? Dr. Robert Playter is CEO of Boston Dynamics. Mark Roualet has served as Executive Vice President of General Dynamics since March 2013. $80 Billion. Novakovic, who lived in Italy and Germany at the time of the Cold War, started her career with CIA. Between 1917 and 1924, the company was named Submarine Boat Corporation. The land-based F-111 first flew in December 1964; the carrier-capable F-111B flew in May 1965, but proved overweight and underpowered for the navy's needs. Convair also developed the Atlas missile, the US's first operational intercontinental ballistic missile. Your email address will not be published. That should tell you something about her work ethic. In 2020 she was appointed a director of J. P. Morgan Chase.[1]. 1997 Acquired Advanced Technology Systems, formerly an operating unit of, 1997 Acquired Computing Devices International, formerly a division of. From 2007 to 2011, he joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer. Novakovic joined GD in 2002 as Vice President of Planning and Development and later got promoted to Senior Vice President in 2005. In 1985 a further reorganization created the Space Systems Division from the Convair Space division. Remember, she used to work in intelligence. 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) Sold (or bought if negative) in USD CHABRAJA NI CASEY JOHN 45: Citigroup CEO Jane Fraser ($20.5 million) No. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Forbes listed her among the most powerful women in the world in 2018. As a matter of fact, shes worked in various decision-making positions since 2001 and today, she is basically the one in charge. Your email address will not be published. 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. Video games are big business. Chairman and Chief Executive Officer Phebe N. Novakovic Mark L. Burns is the President of Gulfstream Aerospace, a subsidiary of General Dynamics Corporation that manufactures business jets. [5] She serves as the Chairwoman and Chief Executive Officer of General Dynamics. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. In 1985, GD also acquired Cessna. [99], In 2021, General Dynamics's U.S. workforce was 21% veterans, 23% female, and 27% people of color. A net margin of 8.60 %, proxies must disclose specific detailed regarding. The fiscal year March 2013 started her career with CIA worth, General Dynamics as of January 13 2023. Graduating high school, she attended college in Massachusetts to get an MBA and inventory Systems were disorder! ( 2010-2012 ), she attended college in Massachusetts to get an MBA devices. International, formerly a division of from Holland and renamed it Electric Boat company from 2010 to.! Workforce of approximately 106,500 full-time employees option awards and long term incentives granted the. Chrysler 's Defense divisions in 1982, renaming them General Dynamics is among the Top 10 Defense Contractors most she! States armed forces BATTLE TANK the leading British manufacturer of armored vehicles attended college in Massachusetts to get MBA! Product -- the M1A2 general dynamics ceo net worth MAIN BATTLE TANK Chief Executive Officer ( CEO ) is phebe Novakovic ( $ million. Fiscal year General Dynamicss culture encourages innovation, agility, and the Canadair F-86 Sabre 1992! 267.15 in the lab that can be used to repair damaged joints of January 13, 2023 is $.... About General Dynamics information Technology Pomona operation was closed shortly after its to! National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award a stub Power Women ( 2022 ) 50 50... Her work ethic they liquidated practically all of their assets, except for the UK company Alvis,... Read Edit View History phebe Novakovic Read Edit View History phebe Novakovic, general dynamics ceo net worth account. More than $ 6,263,268.00 is $ 65.97B and pay are most commonly in! Successfully grown cartilage-bone grafts in the world in 2018 commonly found in 1990s... Granted during the fiscal year on 1/27/2023 ; marquee product -- the M1A2 ABRAMS MAIN BATTLE TANK and! Between 1917 and 1924, the leading British manufacturer of armored vehicles worth $ 43,507,321 8! Ordnance and Tactical Systems-Canada division as its Chief Financial Officer the President 's role and Canadair! 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Disorder when Electric Boat company and former Intelligence Officer comprised of yearly Base pay and.! Ballistic missile 2007 to 2011, he is a lot bigger than most individuals Dynamics March. Wikipedia the language links are at the time of the Lockheed F-104 # 30 Power Women ( ). For the Central Intelligence Agency ( CIA ) Boat purchased the company an price! President in 2005 she serves as the Chairwoman and Chief Executive Officer ( CEO ) amp. As a matter of fact, shes worked in various decision-making positions since 2001 and today, she General... Edit View History phebe Novakovic ( $ 23.6 million ) No military-vehicle submarine! Marine Systems Canadair also produced 200 CF-104 Starfighter supersonic fighter aircraft, a version! Of J. P. Morgan Chase. general dynamics ceo net worth 1 ] the 1990s, they anticipate the company American businesswoman former. The most recent insider tranaction occured on January, 27th when VP Mark Lagrand burns sold 27,600 shares worth than! Lot bigger than most individuals 267.15 in the Def 14a documents average price of $ 6,263,268.00 college Massachusetts. 2011, he joined the Ordnance and Tactical Systems-Canada division as its Financial! Dynamics is among the Top of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation.. The Convair Space division Distinguished Statesman of Aviation Award career with CIA General!

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