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. For the quarter, General Dynamics reported earnings per diluted share of $2.65 on revenues somewhat in excess of $7.5 billion, operating earnings of slightly more than $1 billion and net earnings . Soon thereafter, Veliotis was indicted by government prosecutors for illegal business practices . Between 1917 and 1924, the company was named Submarine Boat Corporation. 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 . Coronavirus Tips Working and Protection, For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following executives on its annual proxy statement to the SEC. 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. Henry Crown, still GD's largest shareholder, died on 15 August 1990. Chris Bentley Vice President, Commercial Steve Rowbotham Vice President, Adavanced Projects and Technologies Dave Allen Senior Director Business Development Rebecca Lewis Finance Director Report incorrect company information Key Executive Tracking [2] The company is a Fortune 100 company, and was ranked No. In 2005, she was promoted to Senior Vice President. Here are 10 ideas that were selected for our Top Picks 2020 Report. It organized its own version of Lockheed's Skunk Works, the Advanced Concepts Laboratory, and responded with a new aircraft design incorporating advanced technologies. General Dynamics' executive leadership is committed to creating shareholder value and delivering superior products and services to our customers. [40], In December 2020, the board of directors for General Dynamics announced a regular quarterly dividend of $1.10, payable on February 5, 2021. The factory alone was worth more than $22 million, according to the Canadian government's calculations,[6] excluding the value of the remaining contracts for planes or spare parts. 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. General Dynamics (STU:GDX) Property, Plant and Equipment as of today (February 28, 2023) is 5,570 Mil. In short, we have a long way to go. Video games are big business. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Continuation of my previous role as CEO & President Director of Adira Insurance following the rebranding of the company to Zurich Asuransi Indonesia (ZAI). Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. General Dynamics focuses on creating shareholder value while delivering superior products and services to military, other government and commercial customers. Convair also developed the Atlas missile, the US's first operational intercontinental ballistic missile. Let us learn more about General Dynamics before diving into its board of directors. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. He was also the former Chief Financial Officer and Vice President of the subsidiary of the National Steel and Shipbuilding Company (NASSCO). F-16 orders eventually totaled more than 4,600,[citation needed] making it the company's largest and most successful program. However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company. General Dynamics had a net margin of 8.60% and a return on . Following the completion of the sale, the vice president now owns 56,909 shares in the company, valued at approximately $12,914,359.37. Shes certainly made the most of the opportunities that shes been presented, and she continues to do exactly that, even today. Previously, as Chief Operating Officer, he spearheaded Boston Dynamics' entrance into logistics automation with the development. [4][5], She joined General Dynamics in 2001. 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. 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. General Dynamics is a global leader in defense technology, offering cutting-edge innovations in aviation, aerospace, land systems, maritime systems, and more. 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. 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% . The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. On this Wikipedia the language links are at the top of the page across from the article title. General Dynamics, meanwhile, has noted that past tensions have increased demand for the company's products. In 2020, her total compensation reportedly was around 19 million USD. Mark Roualet has served as Executive Vice President of General Dynamics since March 2013. And youd be right- since it first opened, Read More The 20 Most Notable University of Florida Alumni in BusinessContinue, Matthew McConaughey is one of the best known actors of his generation. 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. The business continues to expand through organic development and acquisitions. GENERAL DYNAMICS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. In May 1965, GD reorganized into 12 operating divisions based on product lines. General Dynamics current chairman and chief executive officer is Phebe N. Novakovic. [25], In 2014, the government of Canada announced it had selected the General Dynamics Land Systems subsidiary in London, Ontario, to produce Light Armoured Vehicles for Saudi Arabia as part of a $10 billion deal with the Canadian Commercial Corporation. The company recovered, then fell back into the same struggles. General Dynamics Values excellence innovation improving health safety GD CEO Phebe, age 63, credits her father for inspiring her decision to serve the nation by taking up a job with government and then joining a job at governments defense vendor. Your email address will not be published. [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. Last updated: 19 January 2023 at 4:33pm EST. Oct 2020 - Mar 20221 year 6 months. General Dynamics Corporation (NYSE:NYSE:GD) Q3 2021 Earnings Conference Call October 27, 2021, 09:00 AM ET Company Participants Howard Rubel - Vice President of Investor Relations Phebe. This report is not for commercial use. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic . [2] The company is a Fortune 100 company, and was ranked No. He also served as CEO until September 2014. What Is General Dynamics Worth? [32], In 2018, General Dynamics acquired information technology services giant CSRA for $9.7 billion, and merged it with GDIT. On January 1, former CIA operative [], Bachelor of Arts/Science, Smith College; Master of Business Administration, University of Pennsylvania, The Wharton School. In the same year, General Dynamics is among the Top 10 Defense Contractors. However, the company reported its highest number of Gulfstream . 4. Graney began his shipbuilding career in 1995, specializing in the high-speed turbine generator set for the Virginia-class submarine. Property, Plant and Equipment explanation, calculatio . It was up for sale, and Hopkins bought the company for $10 million in 1946. He represented General Dynamics in a variety of matters, including contracts, taxes, acquisitions, and divestitures, from which he gained sufficient knowledge and expertise along with his senior vice president responsibilities. As a matter of fact, shes worked in various decision-making positions since 2001 and today, she is basically the one in charge. Forbes listed her among the most powerful women in the world in 2018. 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. In 2004, General Dynamics bid for the UK company Alvis plc, the leading British manufacturer of armored vehicles. They sold a total of 112,096 shares worth more than $25,588,088.44. Heres an overview of the leadership team at General Dynamics Corporation. 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. Aerospace and defense giant General Dynamics delivered little overall revenue growth in 2021a mere 1.4% increase over 2020. On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,225,648. As a matter of fact, she made almost twenty million dollars last year alone. 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. The World's Most Powerful Women In Business 2018: Driving Change From The Corner Office, The 19 Most Powerful Women In Business 2017: CEOs And More With Ambitious Goals, The 14 New Faces On The 2013 Forbes Most Powerful Women List, General Dynamics Begins 2013 With New Leader, Changing Business Mix, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Garrett by trade is a personal finance freelance writer and journalist. [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. [2], Phebe Novakovic (Serbian Cyrillic: [citation needed]) is of Serbian descent. Billion was born on March 4, 1939, and sadly passed away on February 25, 2023 at the age of 83 years old. Novakovic, who lived in Italy and Germany at the time of the Cold War, started her career with CIA. In 2016, he was reportedly paid 15.8 million USD, and the previous year he earned 10.8 million USD. Early in the 1990s, they liquidated practically all of their assets, except for the military-vehicle and submarine operations. Innovation Investing In You Since 2008, we introduced eight new aircraft so you can reach the future, faster. 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount. Your email address will not be published. We boldly anticipate your future needs, elevating aviation to an art form. Boeing CEO Email & Net Worth Dennis Muilenburg. 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. 1982 Formed General Dynamics Land Systems after the acquisition of. That outpaced gains in pay for male CEOs, which went up 18% to $14.4 million that year. Phebe N. Novakovic, director since 2012. 1966)", "Boeing moving defense HQ from St. Louis to D.C. area", "General Dynamics to Buy Bath Iron Works Shipyard: Defense: The purchase would give the contractor access to $2 billion in orders for Navy ships", "Defense Giant to Purchase Nassco for $415 Million", "Transatlantic Defence Industrial Relationship: An Audit and Commentary", "Protest over Hastings Firm's Links to US Child Detention", "BAE outguns US rival with 355m bid for Alvis", "General Dynamics Canada wins $10B deal with Saudi Arabia", "Union asks NDP to keep Saudi armoured vehicles deal 'under wraps', fearing 'significant' job losses", "Advocates urge Ottawa to cease sales of military goods to Saudi Arabia amid growing backlash against war in Yemen", "General Dynamics warns Canada: Cancelling Saudi deal would cost billions", "General Dynamics warns Canada: Canceling Saudi deal would cost billions", "Tension between Canada and Saudi Arabia is now weighing on an American defence giant's earnings | Financial Post", "General Dynamics reports financial fallout with Saudi Arabia", "General Dynamics completes CSRA acquisition", "General Dynamics: Divest from War & Prisons", "US defense contractors profit from child detentionand you might, too", "Job postings offer clues to inner workings of facilities for immigrant children", "Frequently Asked Questions| General Dynamics", "U.S. Navy Places Advance Order for 10 New Destroyers", "Jim Mattis rejoining General Dynamics board of directors". General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. The record price paid online for a painting has increased tenfold this year, and with a series of eye-catching art fairs and auctions over the next couple of months, it could be broken yet again. [5] Upon graduation, she attended another college in Pennsylvania, 6. 10 Things You Didn't Know about General Dynamics CEO Phebe Novakovic. 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.. According to our data, General Dynamics Corporation has a market capitalization of US$54b, and paid its CEO total annual compensation worth US$21m over the year to December 2018. Mark L. Burns is the President of Gulfstream Aerospace, a subsidiary of General Dynamics Corporation that manufactures business jets. The company is well-established in over 18 locations across the U.S, UK and Canada. On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,015,826. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. He is a very diverse actor that has starred in a wide range of movies from different genres. 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. 2003 Acquired Datron's Intercontinental Manufacturing Company (IMCO) Unit. As President of General Dynamics Mission Systems, Chris Brady supervises the whole division. As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. General Dynamics primarily provides the government with defense and military equipment and services. [citation needed]. Berman has supervised the companys real estate, construction, facilities, risk management, and human resources departments since joining Gulfstream in 1997. Overall, General Dynamics had profits of $992mn in the fourth quarter, or $3.58 share, on revenue of $10.9bn. Jack Billion is a renowned American politician who ran as the Democratic Party's nominee for governor of South Dakota in 2006. [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. [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. 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