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. [102] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support. 1997 Acquired Lockheed Martin Defense Systems and Lockheed Martin Armament Systems. They sold a total of 112,096 shares worth more than $25,588,088.44. (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. CEO Phebe Novakovic replied, . By Garrett Parker Posted on October 9, 2018 March 29, . Chief Executive Officer at Boston Dynamics Waltham, Massachusetts, United States 3K followers 500+ connections Join to connect Boston Dynamics Massachusetts Institute of Technology Company. [citation needed]. $140 per post at $7/CPM. The largest trade she's ever made was exercising 733,000 units of General Dynamics stock on 21 June 2019 worth over $49,624,100. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. It is also planning to create footprint in information-technology operation through acquisitions. In May 1965, GD reorganized into 12 operating divisions based on product lines. Their GD share price forecasts range from $222.00 to $325.00. Insiders at General Dynamics own 1.5% of the company. No. GD built an aircraft production factory in Fort Worth, Texas. [38], Former U.S. Secretary of Defense General Jim Mattis re-joined the company's board of directors in August 2019. General Dynamics focuses on creating shareholder value while delivering superior products and services to military, other government and commercial customers. General Dynamicss culture encourages innovation, agility, and diversity. 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. General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. The film traces her beginnings in the 2000s, her mistakes and the drive to create her own brand and business. [10], Aircraft production became increasingly important at Canadair, and Hopkins argued that the name "Electric Boat" was no longer appropriateso Electric Boat was reorganized as General Dynamics on 24 April 1952.[11]. GD has been able to withstand the rise of technology, growing competition, and a fast-changing market and customer demand by using these strategies. Since GD lacked experience designing naval aircraft, it partnered with Grumman to develop a version for aircraft carrier operations. According to our data, General Dynamics Corporation has a market capitalization of US$44b, and paid its CEO total annual compensation worth US$18m over the year to December 2019. 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. TRD Staff. GD's exit from the aviation world was short-lived, and in 1999 the company acquired Gulfstream Aerospace. 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. Her experience in the industry predates her experience at the company: She's a former CIA operative and the daughter of an Air Force officer. 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]. 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. 8 equities research analysts have issued twelve-month price objectives for General Dynamics' shares. RESTON, Va., Feb. 17, 2022 /PRNewswire/ -- General Dynamics (NYSE: GD) Chief Financial Officer Jason W. Aiken will speak at the Barclays 2022 Industrial Select Conference in Miami on Thursday . 2010 Spacecraft development and manufacturing (a business group within the, 2014 Advanced Systems (another business line within Advanced Information Systems) to, General Dynamics Ordnance and Tactical Systems, Mobile Detection and Assessment Response System, General Dynamics Armament and Technical Products, This page was last edited on 11 February 2023, at 20:38. 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." The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. GENERAL DYNAMICS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. As Chairman and Chief Executive Officer at GENERAL DYNAMICS CORP, Phebe N. Novakovic made $23,553,862 in total compensation. Christopher Marzili is the Executive Vice President in charge of the Information Technology and Mission Systems divisions. [6], Canadair was owned by the Canadian government and was suffering from the same post-war malaise as Electric Boat. The chairman of General Dynamics Corp. received a pay package last year valued at $9.35 million during his first year as chief executive of the giant defense contractor, according to company. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles,. Before becoming Vice President of General Dynamics in October 2018, he served in a variety of leadership positions. As senior vice president, planning and development, she gained a strong understanding of our core customers and the global marketplace in which we operate. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. 5.60%. 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. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. In 2020 she was appointed a director of J. P. Morgan Chase.[1]. Covid-19 has turned the strategy into an addiction. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Additionally, she is an active member of the Manhattan Board Committee. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. Sign Up Now! For many years, it was her job to get intelligence about things that most everyday citizens are never even aware of. All Rights Reserved. [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 oldest executive at General Dynamics Corp. is WilliamOsborn, 72, who is the Independent Director. [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. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. 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. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. Upon graduating high school, she attended college in Massachusetts to get an MBA. Force Protection, Inc. was acquired by General Dynamics Land Systems in November 2011 for $350 million. Currently, the Chairman and Chief Executive Officer of the company, Novakovic has served General Dynamics Corporation as President and COO since 2012. Video games are big business. Robert McNamara, newly installed as the Secretary of Defense, forced a merger of the TFX with U.S. Navy plans for a new long-range "fleet defender" aircraft. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. The company recovered, then fell back into the same struggles. In 1972, GD bid on the USAF's Lightweight Fighter (LWF) project. The newest members of Forbes annual Power Women List come to us from an increasing variety of sectors and a growing number of influential positions. Novakovic currently serves as a director of Abbott Laboratories. Her father is a Serbian, who moved to the US with only 50 USD on him at the age of 17 years. 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. As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. The company is a key supplier of major systems and equipment to the US Department of Defense and international allies, making it one of the worlds largest defense contractors. As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. The first submarine built in Groton to be delivered to the U.S. Navy was USS Cuttlefish in 1934. $200 per post at $10/CPM. Jakarta, Indonesia. In 1985 a further reorganization created the Space Systems Division from the Convair Space division. Phebe's mailing address filed with the SEC is 383 MADISON AVENUE, , NEW YORK, NY, 10179-0001. "[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. She attributes her success to the fact that she has had the vision to turn her dreams into reality, her willingness to work hard and do what is necessary to succeed and her understanding of what requirements must be met in order for her to do well in the professional world. [35][36] The company says it has no role in constructing or operating detention centers, and that its contracts to provide training and technical services began in 2000 and have spanned across four presidential administrations. 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. The most active insiders traders include Nicholas D Chabraja, Mary T Barra, and Phebe N Novakovic. Aerospace and defense giant General Dynamics delivered little overall revenue growth in 2021a mere 1.4% increase over 2020. We're driven by our endless pursuit of excellence. Jay L Johnson, General Dynamics Corp: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology,. H3 Dynamics Holdings. The company is on track to become carbon neutral before 2060. The net worth of GENERAL DYNAMICS for the Week 52-2022 was $68.25 Billion. He is a very diverse actor that has starred in a wide range of movies from different genres. Heres an overview of the leadership team at General Dynamics Corporation. In the same year, General Dynamics is among the Top 10 Defense Contractors. Convair worked as an independent division inside General Dynamics and over the next decade developed the F-106 Delta Dart interceptor, the B-58 Hustler bomber, and the Convair 880 and 990 airliners. She used to be involved in intelligence, 5. Operating margin was 11.5% for the quarter and 10.8% for the full year. For the full year, net earnings were $3.3 billion, or $11.55 per diluted share, on revenue of $38.5 billion. Phebe attended San Antonio-based Episcopal boarding school. Hopkins hired Canadian-born mass-production specialist H. Oliver West to take over the president's role and return Canadair to profitability. Robert Smith was appointed the new Executive Vice President (EVP) of the Marine Systems business unit by General Dynamics in July 2019. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. [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. Through her roles as chairman and chief executive officer, president and chief operating officer, and executive vice president, Marine Systems, she has developed a deep understanding of the companys business operations, growth opportunities, risks and challenges. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! Since 2017, Kimberly Kuryea has held the position of Senior Vice President of General Dynamics Corporation Human Resources and Administration. Novakovic joined GD in 2002 as Vice President of Planning and Development and later got promoted to Senior Vice President in 2005. 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. 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 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]. That's a notable . [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. [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. 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. 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. Her career at the company started in 2001. 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. That being said, its not like these individuals are hurting for cash. 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 . Billion was born on March 4, 1939, and sadly passed away on February 25, 2023 at the age of 83 years old. 45: Citigroup CEO Jane Fraser ($20.5 million) No. If you continue to use this site, you consent to our use of cookies. There are no executives at General Dynamics getting paid more. Fast Growers. Before he joined the company in 2002, Jason W. Aiken was an audit manager at Arthur Andersen LLP in Washington, D.C. 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. During the early 1960s the company bid on the United States Air Force's Tactical Fighter, Experimental (TFX) project for a new low-level "penetrator". From 2005 to 2010, she led Planning and Development team of the company as SVP. He had previously served on the board, but resigned and divested before becoming Secretary of Defense. GD purchased Chrysler's defense divisions in 1982, renaming them General Dynamics Land Systems. Last updated: 19 January 2023 at 4:33pm EST. Shes been in leadership positions at General Dynamics since 2001, 9. He took on the Vice President of Finance and Chief Financial Officer role from 2011 to 2015, before becoming the CFO of the GD Ordnance and Tactical Systems around March of 2015.. Gregory Gallopoulos is the General Counsel, Corporate Secretary, and Senior Vice President of General Dynamics Corporation. Boeing General Dynamics Salary & Net Worth - Investors, Funding, & Valuation Gregory, the CEO of leading American defense company, received a total salary of 17 million USD in 2017. We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. 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. [4][5][6], She worked for the Central Intelligence Agency. After four rounds of bids and changes, the GD/Grumman team finally won the contract over a Boeing submission. [5] In 1899, Isaac Rice bought the company from Holland and renamed it Electric Boat Company. Overseeing the accounting, corporate financial systems, financial reporting, and government finance, he has held a significant position in the companys finance management. [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. General Dynamics Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. Was an audit manager at Arthur Andersen LLP in Washington, D.C featured: Microsoft CEO Bio- Satya net... Over 2020 currently, the majority of that twenty general dynamics ceo net worth dollars was in company equity not... & more active insiders traders include Nicholas D Chabraja, Mary T Barra, and in the... 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