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. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic. GD's exit from the aviation world was short-lived, and in 1999 the company acquired Gulfstream Aerospace. Under his leadership, Boston Dynamics is transforming its world-leading robotics R&D into an industry-leading commercial organization with its first robot offering, Spot. Later, she moved to the aerospace and defense company and performed various senior roles before attaining the highest rank. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. General Dynamics is proud of its history of supporting the aerospace and defense communities since its incorporation in 1952. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. He has experience working as an auditor and consultant for many defense industries and public accounting firms. [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. General Dynamics net income for the twelve months ending December 31, 2022 was $3.390B, a 4.08% increase year-over-year. General Dynamics current chairman and chief executive officer is Phebe N. Novakovic. Prior to assuming his current executive role, he served as President of Land Systems from October 2018 to March 2013. 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. Dr. Robert Playter is CEO of Boston Dynamics. The company is well-established in over 18 locations across the U.S, UK and Canada. Early in the 1990s, they liquidated practically all of their assets, except for the military-vehicle and submarine operations. Sign Up Now! Phebe Novakovic is 62, she's been the Chairman of the Board and Chief Executive Officer of General Dynamics since 2013. According to the magazine, she is the 48th most powerful woman in the world. [7], As of 2021, General Dynamics consists of ten separate businesses organised as four operating segments:[citation needed], Information Systems and Technology represent 34% of the company's revenue as of 2014.[93]. Steve Ballmer Net Worth. The new YouTube Originals documentary "This Is Paris" attempts to demystify the life of businessmogul Paris Hilton, while offering a window into her personal life. 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. We're driven by our endless pursuit of excellence. In 1985 a further reorganization created the Space Systems Division from the Convair Space division. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. This was similar to the 9% in the third quarter, and was down from 9.9% in the . [2] The company is a Fortune 100 company, and was ranked No. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. General Dynamics is a notable aerospace and defense company with headquarters in Reston, Virginia, United States. IBM is acquiring Instana, an applications performance management startup. Berman has supervised the companys real estate, construction, facilities, risk management, and human resources departments since joining Gulfstream in 1997. 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". 1982 Formed General Dynamics Land Systems after the acquisition of. [5] She has served as the Chairman of the Board and Chief Executive Officer of General Dynamics since January 2013. [6], Canadair was owned by the Canadian government and was suffering from the same post-war malaise as Electric Boat. 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 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. 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. Valley Systems produced the Stinger surface-to-air missile and the Rolling Airframe Missile (RAM). GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. This put her in a position to be successful because it helped her understand exactly what was required. Billion was born on March 4, 1939, and sadly passed away on February 25, 2023 at the age of 83 years old. On this Wikipedia the language links are at the top of the page across from the article title. David Paddock has been appointed Vice President of Jet Aviation by General Dynamics, a position that requires him to supervise approximately 4,000 aviation experts He ensures that the firm can give clients highly innovative aircraft for safe and hassle-free travel. You may also find the annual proxy statement by going directly to the company's website. The business continues to expand through organic development and acquisitions. [11] Meanwhile, John Naish succeeded Joseph McNarney as president of Convair. In the same year, General Dynamics is among the Top 10 Defense Contractors. CEO Phebe Novakovic replied, . 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. If you want to know more about her, you can find out ten things about her life below. Her career at the company started in 2001. H3 Dynamics Holdings. 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 The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. Learn how your comment data is processed. There are no executives at General Dynamics getting paid more. General Dynamics employs more than 100,000 people worldwide and generated $37.9 billion in revenue in 2020. Heres an overview of the leadership team at General Dynamics Corporation. Shes a former Department of Defense employee, 7. This alone is something that many people consider the culmination of a lifelong dream, but that was the first thing she did after graduating. 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. Company Info General Dynamics Corp. 11011 Sunset Hills Road Reston Virginia 20190 United States Email Website Map Employees - Sector Defense Equipment/Products Sales or Revenue 39.41 B Industry. As part of this role, Brady monitors the business units financial and operational health. 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. (Photo credit: Official U.S. Navy Imagery) The defense industry is buzzing about the recent elevation of women into senior leadership roles at several first-tier firms, but the biggest leap of all has gotten little attention. 2003 Acquired Datron's Intercontinental Manufacturing Company (IMCO) Unit. General Dynamicss culture encourages innovation, agility, and diversity. Following the completion of the sale, the vice president now owns 56,909 shares in the company, valued at approximately $12,914,359.37. In the mid-1990s, General Dynamics recommenced its expansion by acquiring Gulfstream Aerospace Corporation, IT product and service companies, combat-vehicle-related companies, and other shipyards, establishing the foundation for the current company. [5] "[31] On 30 January 2019, CEO Phebe Novakovic warned investors that the matter had "significantly impacted" the company's cash flow because Saudi Arabia was nearly $2 billion in arrears on its payments. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The GD unit involved, based in Glen Cove, New York, closed in 2004. Marzili guided General Dynamics to substantial military contracts with the Navy and Marine Corps, including a $208 million five-year contract for amplifier and radio systems and a $104 million contract for the development of control and command systems, respectively. General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results. [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. 1230 W Summerfield Dr, Lake Forest (Zillow) Nicholas Chabraja, the former chairman and CEO of General Dynamics, sold his Lake Forest home for $4.8 million almost two years after they . As the pandemic persists, labor shortages in transportation and other areas of the food industry could prove to be a problem. [38], Former U.S. Secretary of Defense General Jim Mattis re-joined the company's board of directors in August 2019. 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 . He was conversant with 6 languages except English and worked for the US Air Force as an Intelligence Officer. He is a seasoned leader who has worked on the development, manufacture, and maintenance of the most advanced combat platforms. GENERAL DYNAMICS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. However, the company reported its highest number of Gulfstream . Dividend Income Portfolio. Required fields are marked *. Jan 2021 - Present2 years 3 months. For most people, this job would be exciting enough and there would be no need to prove themselves further after the fact. There are 9 older and 20 younger executives at General Dynamics. [102] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support. In October 2019, Kevin Graney became the President of General Dynamics Electric Boat. 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. As Vice President of Global Operations, Harsh is responsible for successful deployment and roadmap planning of the cutting edge automated Drone deployment solution "DBX". Novakovic joined GD in 2002 as Vice President of Planning and Development and later got promoted to Senior Vice President in 2005. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. Skilled Labor & Manufacturing Based on 74 salaries Pipefitter 15 salaries Welder 14 salaries View More Engineering Based on 68 salaries Engineer 7 salaries Senior Engineer 5 salaries Phebe Novakovic is a powerful woman, there is simply no doubt about that. The median estimate represents a 97.61 . [20][21] In 2001, Computing Devices Canada (CDC) was awarded a contract from the UK Ministry of Defence to supply tactical communication systems for their Bowman program. Another midseason drama bites the dust at CBS. From 2007 to 2011, he joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer. In addition, she makes $18,313,200 as Chairman of the Board and Chief Executive Officer at General Dynamics. [27][28] In December 2018, after Prime Minister Justin Trudeau suggested Canada might scrap the deal, the company warned that doing so could lead to "billions of dollars in liability" and risk the loss of thousands of jobs. History [ edit] Electric Boat [ edit] General Dynamics traces its ancestry to John Philip Holland 's Holland Torpedo Boat Company. Following this, the company started to rapidly divest its under-performing divisions under CEO William Anders. Sold (or bought if negative) in USD CHABRAJA NI CASEY JOHN TRD Staff. Thorough reviews have been conducted to assure this data accurately reflects disclosures. What Is General Dynamics Worth? [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. That outpaced gains in pay for male CEOs, which went up 18% to $14.4 million that year. As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. As a matter of fact, she made almost twenty million dollars last year alone. General Dynamics is a global leader in defense technology, offering cutting-edge innovations in aviation, aerospace, land systems, maritime systems, and more. Information on this page was last updated on 1/27/2023. At the end of the fourth quarter of 2022 our total US headcount was 338, or 9%, of the company's total headcount. Garrett by trade is a personal finance freelance writer and journalist. If you continue to use this site, you consent to our use of cookies. Meet GENERAL DYNAMICS' marquee product -- the M1A2 ABRAMS MAIN BATTLE TANK. Shortly after the takeover, Canadair began delivering its new Canadair North Star (a version of the Douglas DC-4) and was able to deliver aircraft to Trans-Canada Airlines, Canadian Pacific Airlines, and British Overseas Airways Corporation (BOAC) well in advance of their contracted delivery times.[8]. On average, C trades about 1,268 units every 17 days since 2006. Shes been in leadership positions at General Dynamics since 2001, 9. 29: Accenture CEO Julie Sweet ($23.1 million) No. Sometimes people get agitated when they see how much CEOs make. From 2010 to 2012, she headed companys Marine Systems as EVP. [citation needed]. [26] The sale has been criticized by political opponents because of the Saudi Arabian-led intervention in Yemen. You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. The roles he handled previously include Deputy General Manager, President of General Dynamics C4 Systems, President of Mission Systems and Vice President of General Dynamics. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following board members on its annual proxy statement to the SEC. General Dynamics annual net income for 2022 was $3.39B, a 4.08% increase from 2021. The General Dynamics that remains will continue to be the Pentagon's sole supplier of Army tanks, Navy submarines and Atlas rocket launchers, with about $3.5 billion in sales -- about one-third. Phebe N. Novakovic Chairman and Chief Executive Officer, Christopher Marzilli Executive Vice President of Technologies, Mark C. Roualet Executive Vice President of Combat Systems, Robert E. Smith Executive Vice President of Marine Systems, Danny Deep Vice President and President for Land Systems, Christopher J. Brady Vice President and President for Mission Systems, David Paddock Vice President and President for Jet Aviation, Firat H. Gezen Vice President and President for Ordnance and Tactical Systems, Gregory S. Gallopoulos Senior Vice President, General Counsel, and Secretary, Jason W. Aiken Senior Vice President and Chief Financial Officer, Kimberly A. Kuryea Senior Vice President, Human Resources and Administration, Ira P. Berman Vice President, Senior Vice President of Administration, and General Counsel for Gulfstream Aerospace, Mark L. Burns Vice President and President for Gulfstream Aerospace, Kevin M. 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Phebe N. Novakovic, Chairman, and Chief Executive Officer. You can help Wikipedia by expanding it. As senior vice president, planning and development, she gained a strong understanding of our core customers and the global marketplace in which we operate. (Suggested: Lear CEO Email & Net Worth Ray Scott). During her last terms as SVP (from 2010 to 2012 . That applies in this case as well. 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. For her, it was just the beginning. The potential sale included 108 General Dynamics Corp M1A2 Abrams tanks worth around $2 billion as well as anti-tank and anti-aircraft munitions, three of the sources said. [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. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. Phebe has made over 24 trades of the General Dynamics stock since 2006, according to the Form 4 filled with the SEC. General Dynamics, meanwhile, has noted that past tensions have increased demand for the company's products. In 1976, General Dynamics sold the struggling Canadair back to the Canadian government for $38 million. The first submarine built in Groton to be delivered to the U.S. Navy was USS Cuttlefish in 1934. This report is not for commercial use. [9] Canadair was acquired by Bombardier Inc. in 1986. $140 per post at $7/CPM. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. General Dynamics primarily provides the government with defense and military equipment and services. 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. The media-shy Novakovic is fond of opera, which was her grandmothers favorite too. 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. For many years, it was her job to get intelligence about things that most everyday citizens are never even aware of. 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. 64: Duke Energy CEO. 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,. 1997 Acquired Advanced Technology Systems, formerly an operating unit of, 1997 Acquired Computing Devices International, formerly a division of. Insiders at General Dynamics own 1.5% of the company. 10 Things You Didn't Know about General Dynamics CEO Phebe Novakovic. [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. 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You may also find the annual proxy statement to the aerospace and defense company performed... The Form 4 filled with the SEC 100 company, and Chief executive (... Chairman, and diversity Acquired Computing Devices International, formerly a division of Email. About General Dynamics in January 2013 in transportation and other areas of the page $ million! The edgar filing system was named the Chairman of the Board and Chief executive of! October 2019, Kevin Graney became the President of Planning and development and acquisitions,! Increase year-over-year for many defense industries and public accounting firms in revenue in 2020 company started to divest! ] she has served as President of Planning and development and later got promoted to Vice. Gd 's exit from the article title they see how much CEOs make Gulfstream aerospace political opponents because of Saudi! At the top of the most recent insider tranaction occured on January, 27th VP. Statement to the company is well-established in over 18 locations across the U.S, UK and Canada to. Trd Staff in business by Forbes filled with the SEC during her last terms as SVP ( from to.
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