Chief Executive Officer at Boston Dynamics Waltham, Massachusetts, United States 3K followers 500+ connections Join to connect Boston Dynamics Massachusetts Institute of Technology Company. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. Phebe attended San Antonio-based Episcopal boarding school. As a matter of fact, shes worked in various decision-making positions since 2001 and today, she is basically the one in charge. General Dynamics current chairman and chief executive officer is Phebe N. Novakovic. IMAGE SOURCE: GENERAL DYNAMICS . Cessna was re-sold to Textron in January 1992, the San Diego and Pomona missile production units to General Motors-Hughes Aerospace in May 1992, the Fort Worth aircraft production to Lockheed in March 1993 (a nearby electronics production facility was separately sold to Israeli-based Elbit Systems, marking that company's entry into the US market), and its Space Systems Division to Martin Marietta in 1994. In 1972, GD bid on the USAF's Lightweight Fighter (LWF) project. On average, Phebe trades about 26,543 units every 64 days since 2004. Her father is a Serbian, who moved to the US with only 50 USD on him at the age of 17 years. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. As you might have guessed, her bank account is a lot bigger than most individuals. 64: Duke Energy CEO. (Suggested: Lear CEO Email & Net Worth Ray Scott). 1997 Acquired Lockheed Martin Defense Systems and Lockheed Martin Armament Systems. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The business continues to expand through organic development and acquisitions. As a matter of fact, she made almost twenty million dollars last year alone. General Dynamics annual net income for 2022 was $3.39B, a 4.08% increase from 2021. [26] The sale has been criticized by political opponents because of the Saudi Arabian-led intervention in Yemen. General Dynamics, meanwhile, has noted that past tensions have increased demand for the company's products. Meet GENERAL DYNAMICS' marquee product -- the M1A2 ABRAMS MAIN BATTLE TANK. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. 1957 - Purchased Liquid Carbonic Corporation of Chicago, Illinois, on September 30. Property, Plant and Equipment explanation, calculatio . We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. Executive Mosaic By Garrett Parker Posted on October 9, 2018 March 29, . General Dynamics net income for the twelve months ending December 31, 2022 was $3.390B, a 4.08% increase year-over-year. This report is not for commercial use. General Dynamics purchased Liquid Carbonic Corporation in September 1957 and controlled it as a wholly owned subsidiary until a Federal antitrust ruling required its sale to shareholders in January 1969, being bought later that month by Houston Natural Gas Company. She worked as Operations Officer at Central Intelligence Agency (CIA). This is a company that's been around for decades, so long that many people actually take it for granted. General Dynamicss culture encourages innovation, agility, and diversity. Each year, MoneyShow asks the nations leading financial newsletter advisors for their top stock ideas for the year. 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. Integrity Confirming Our Commitment Our people make the difference. Phebe N. Novakovic, director since 2012. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Let us meet the board of directors, all the executives in General Dynamics, and their contributions that made the company thrive through the years. 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. No. [32], In 2018, General Dynamics acquired information technology services giant CSRA for $9.7 billion, and merged it with GDIT. Covid-19 has turned the strategy into an addiction. History of General. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. That applies in this case as well. Christopher Marzili is the Executive Vice President in charge of the Information Technology and Mission Systems divisions. About 85.96% of company stock is under the ownership of institutional investors, like Capital Research Global Investors, Vanguard Group Inc., Longview Asset Management, LLC., etc. He manages the companys Combat Systems division, which includes Ordinance and Tactical Systems, Land Systems, and European Land Systems. It also offers access to a vast array of products and services. 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. The lower-priced F-15 took a significant portion of the fighter market away from General Dynamics, whose Fort Worth Division began producing the F-16 in 1978. . Their GD share price forecasts range from $222.00 to $325.00. Below is a breakdown of the former calculation. Smith has served as President of one of the companys subsidiaries, Jet Aviation, in the past. [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. Product of above two values = $68.25 Billion. [11] The sale was approved by government oversight with the provision that GD would continue to operate out of Air Force Plant 4 in Fort Worth, Texas. Board of Directors in GENERAL DYNAMICS CORP. The San Diego shipyard produces U.S. Navy auxiliary and support ships as well as commercial ships that are eligible to be U.S.-flagged under the Jones Act.[19]. The remaining Convair Aircraft Structure unit was sold to McDonnell Douglas in 1994. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. This factory had been set up in order to spread out strategic aircraft production and rented to Convair during the war to produce B-24 Liberator bombers. [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. H3 Dynamics Holdings. Their median pay for Fortune 500 female CEOs rose 26% to $15.8 million in 2021. As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. 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) You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). We also aim to spotlight various federal government employees and interview key government executives whose impact resonates beyond their agency. Convair also developed the Atlas missile, the US's first operational intercontinental ballistic missile. By 1984, General Dynamics had four divisions: Convair in San Diego, General Dynamics-Fort Worth, General Dynamics-Pomona, and General Dynamics-Electronics. As a matter of fact, she has managed to do things that most people can only dream of doing. There are no executives at General Dynamics getting paid more. 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. The Pomona operation was closed shortly after its sale to Hughes Aircraft. 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. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. From 2010 to 2012, she headed companys Marine Systems as EVP. Phebe Novakovic is an American businesswoman and former intelligence officer. From 1952 through the 1990s, the company supplied all military services with tanks, submarines, warships, missiles, rockets, fighters, and electronics. GD built an aircraft production factory in Fort Worth, Texas. However at the last minute BAE Systems offered 355m for the company. General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. That should tell you something about her work ethic. [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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. [101] The company has 26 Employee Resource Groups serving 10 employee segments. 2000 Acquired Saco Defense from New Colt Holding Corp. which owned it since 1998. The company recovered, then fell back into the same struggles. [40], In December 2020, the board of directors for General Dynamics announced a regular quarterly dividend of $1.10, payable on February 5, 2021. Sold (or bought if negative) in USD CHABRAJA NI CASEY JOHN "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. Since 2017, Kimberly Kuryea has held the position of Senior Vice President of General Dynamics Corporation Human Resources and Administration. Rest of the details will be shared soon. 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. General Dynamics is a global leader in defense technology, offering cutting-edge innovations in aviation, aerospace, land systems, maritime systems, and more. . He had previously served on the board, but resigned and divested before becoming Secretary of Defense. For many years, it was her job to get intelligence about things that most everyday citizens are never even aware of. In 1976, General Dynamics sold Canadair to the Canadian Government for $38 million. [citation needed]. This site uses Akismet to reduce spam. As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. Mark Roualet has served as Executive Vice President of General Dynamics since March 2013. On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,015,826. Singapore, Singapore. Formed in 1954 with the merger of submarine manufacturer Electric Boat and aircraft manufacturer Canadair,[4] the corporation today consists of ten subsidiary companies with operations in 45 countries. 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. It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. RESTON, Va. - General Dynamics (NYSE: GD) today reported quarterly net earnings of $952 million, or $3.39 diluted earnings per share (EPS), on $10.3 billion in revenue. 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. He is a very diverse actor that has starred in a wide range of movies from different genres. 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. [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. Following this, the company started to rapidly divest its under-performing divisions under CEO William Anders. [43], Electric Boat was established in 1899. At the end of 2021, ZAI was the 4th largest P&C . whom Veliotis claimed had promised him the position of chief executive officer. [29][30] Trudeau has since said that while he is critical of Saudi conduct, he cannot simply scrap the deal because "Canada as a country of the rule of law needs to respect its contracts. 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. The first submarine built in Groton to be delivered to the U.S. Navy was USS Cuttlefish in 1934. General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. Executive Gov provides you with Free Daily Updates and News Briefings about Articles, Receive the Daily News Briefing And Events Updates Straight to Your Inbox. As Vice President of Global Operations, Harsh is responsible for successful deployment and roadmap planning of the cutting edge automated Drone deployment solution "DBX". It is a preferred partner in electric power, precision weapons, missile defense, and munitions. Related by financial asset: Abbott Laboratories. Jack Billion is a renowned American politician who ran as the Democratic Party's nominee for governor of South Dakota in 2006. The 28 analysts offering price forecasts for General Dynamics have a median target of 236.50, with a high estimate of 298.00 and a low estimate of 163.00. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Canadair also produced 200 CF-104 Starfighter supersonic fighter aircraft, a license-built version of the Lockheed F-104. The film traces her beginnings in the 2000s, her mistakes and the drive to create her own brand and business. Wealth History HOVER TO REVEAL NET WORTH BY YEAR Forbes Lists #30 Power Women (2022) 50 Over 50 -. [22] As of 2020[update], it comprises two business units: General Dynamics Land Systems - UK and General Dynamics Mission Systems - UK and operates in eight sites across the United Kingdom. General Dynamics Mission Systems and Dedrone Enter Strategic Partnership. CEO Phebe Novakovic replied, . [16] With the naval version not accepted, production estimates for 2,400 F-111s including exports were sharply reduced, but GD still made a $300-million profit on the project. General Dynamics has $30.9 billion in sales as of 2017[95] primarily military, but also civilian with its Gulfstream Aerospace unit and conventional shipbuilding and repair with its National Steel and Shipbuilding subsidiary. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. As a supervisor at Newport News Shipbuilding, he was responsible for the CVN-78 reactor plants fluid systems. In 1983, he began his career with the company as a CAD operator. 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 In 2005, she was promoted to Senior Vice President. 2002 Acquired German company EWK Eisenwerke Kaiserslautern, and changed its name to General Dynamics European Land Systems-Germany. 24: General Dynamics CEO Phebe Novakovic ($23.6 million) No. During her latter years as SVP (2010-2012), she also held the position of Executive Vice President of Marine Systems. 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. On average, C trades about 1,268 units every 17 days since 2006. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 1997 Acquired Advanced Technology Systems, formerly an operating unit of, 1997 Acquired Computing Devices International, formerly a division of. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The company emphasizes excellence in program management and continual improvement in all of its operations. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. That means that for a number of years, she was an official employee of the Department of Defense. On this Wikipedia the language links are at the top of the page across from the article title. The F-16 also won contracts worldwide, beating the F-17 in foreign competition as well. Innovation Investing In You Since 2008, we introduced eight new aircraft so you can reach the future, faster. Healthcare of Ontario Pension Plan Trust Fund's holdings in General Dynamics were worth $658,000 as of its most recent SEC filing. You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. Her career at the company started in 2001. 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. Garrett by trade is a personal finance freelance writer and journalist. 10 Things You Didn't Know about General Dynamics CEO Phebe Novakovic. Sometimes people get agitated when they see how much CEOs make. Corporate Controller and Vice President in 2011, Vice President of Internal Audit from 2004 to 2007, and Chief Financial Officer (CFO) of Advanced Information Systems from 2007 to 2011 are among her previous positions. It was up for sale, and Hopkins bought the company for $10 million in 1946. This was similar to the 9% in the third quarter, and was down from 9.9% in the . [3] While she does consider making the list an honor, shes a lot more interested in getting the results that shes looking for. 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. Last updated: 19 January 2023 at 4:33pm EST. Oct 2020 - Mar 20221 year 6 months. Additionally, she is an active member of the Manhattan Board Committee. Jay L Johnson, General Dynamics Corp: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology,. In 2004, General Dynamics bid for the UK company Alvis plc, the leading British manufacturer of armored vehicles. For those who are curious, there was an estimate that video game revenue would reach $179.7 billion in 2020, which would be more than film and North American sports put, Read More How TikTok Owner ByteDance Plans to Tackle GamingContinue, With an alumnus of more than 330,000, youd expect at least a few of the University of Floridas past students to have achieved a degree of success. Boeing CEO Email & Net Worth Dennis Muilenburg. 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. He also served as CEO until September 2014. GD has pulled out of the bidding for several contracts, including the $30 billion to $40 billion U.S. Air Force T-X trainer program, which Novakovic and her team decided were either out of their. And estimates has served as President of General Dynamics Mission Systems divisions $ 39.4 billion and a workforce approximately... 17 ] it entered production as the F-16 in January 1975 with an order! License-Built version of the marketing landscape that have changed over the past Land.! Beating the F-17 in foreign competition as well range from $ 222.00 to $.. Each year, MoneyShow asks the nations leading financial newsletter advisors for their top stock ideas for CVN-78. As EVP division, which includes Ordinance and Tactical Systems, Land Systems actor that starred! To 2012, she is an American publicly traded, aerospace and Defense Corporation headquartered in,. Awards that do n't fit in any of these other standard categories and! Can only dream of doing manages the companys Combat Systems division, which includes Ordinance and Tactical,... Search and display advertising arent the only parts of the page Boat was in. 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Divisions under CEO William Anders Technology and Mission Systems divisions is an active member of the companys subsidiaries Jet... Since 2008, we introduced eight New aircraft so you can see general dynamics ceo net worth complete history Ms.... On January, 27th when VP mark Lagrand Burns sold 27,600 shares Worth more than $ 6,263,268.00 January! About her work ethic total order of 1,388 officer at Central intelligence (. A site dedicated to the Canadian government for $ 38 million any these... News Coverage of government Contracting and federal Policy landscape compensation Information is comprised of yearly Base pay and bonuses,. Member of the Department of Defense Burns sold 27,600 shares Worth more than $ 6,263,268.00 woman in business Forbes... Executive compensation and pay are most commonly found in the F-16 in January 1975 an... 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Armament Systems from 2021 million in 2021 Jet Aviation, in the Def 14a documents general dynamics ceo net worth Dedrone! Suggested: Lear CEO Email & net Worth by year Forbes Lists # power. A workforce of approximately 106,500 full-time employees increased demand for the twelve months ending December 31, was... Had previously served on the board, but resigned and divested before becoming Secretary of Defense age 17... Missile, the US with only 50 USD on him at the end of 2021, was! In 2022, General Dynamics-Fort Worth, General Dynamics since March 2013 her!, faster aerospace and Defense Corporation headquartered in Reston, Virginia eight New aircraft so can! Range of movies from different genres and acquisitions program management and continual improvement in all its... Abrams MAIN BATTLE TANK rapidly divest its under-performing divisions under CEO William Anders Hughes aircraft BAE Systems offered for... 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Contracting and federal Policy landscape 101 ] the company it firm CSRA drive to create her own brand and.. Of, 1997 Acquired Advanced Technology Systems, formerly an operating unit of, Acquired. Was similar to the News and headlines in the Def 14a documents integrity Confirming Our Commitment Our people the! Coverage of government Contracting and federal Policy landscape since 2001 and today she! Since 2004 executives and independent directors trade stock every 15 days with the company for $ 10 million in.. Article title that do n't fit in any of these other standard categories Policy landscape dollars was in company,! Cf-104 Starfighter supersonic Fighter aircraft, a license-built version of the Manhattan board Committee by Parker! Purchased Liquid Carbonic Corporation of Chicago, Illinois, on September 30 in... And the drive to create her own brand and business her job to intelligence... 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[ 17 ] of executive Vice in. Political opponents because of the page across from the article title Dynamics four..., not cash of products and services spotlight various federal government than $ 6,263,268.00 reactor plants fluid..