94 in 2022. 36 (S.D.N.Y. [citation needed], Electric Boat was cash-flush but lacking in work following World War II, during which it produced 80 submarines for the Navy, with its workforce shrinking from 13,000 to 4,000 by 1946. We boldly anticipate your future needs, elevating aviation to an art form. To contact the CEO over email try [emailprotected]. Upon graduation, she attended another college in Pennsylvania, 6. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. . [4][5], She joined General Dynamics in 2001. Video games are big business. While she loves her professional life, shes also been married for a number of years and considers her husband be her rock. 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 . [9] Canadair was acquired by Bombardier Inc. in 1986. . He is a very diverse actor that has starred in a wide range of movies from different genres. Hopkins hired Canadian-born mass-production specialist H. Oliver West to take over the president's role and return Canadair to profitability. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Chief Executive Officer (CEO) & President Director at Zurich Asuransi Indonesia. [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. Jason Aiken works as General Dynamics Senior Vice President and Chief Financial Officer (CFO). 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. It organized its own version of Lockheed's Skunk Works, the Advanced Concepts Laboratory, and responded with a new aircraft design incorporating advanced technologies. [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. From there, she went to Smith College, Northampton, where she obtained her degree in government and German. General Dynamics Mission Systems and Dedrone Enter Strategic Partnership. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. From 2007 to 2011, he joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer. GD's YF-16 first flew in January 1974 and proved to have slightly better performance than the YF-17 in head-to-head testing. The business continues to expand through organic development and acquisitions. Remember, she used to work in intelligence. 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. General Dynamics is a global leader in defense technology, offering cutting-edge innovations in aviation, aerospace, land systems, maritime systems, and more. The company's products include Gulfstream business jets, Virginia- and Columbia-class nuclear-powered submarines, Arleigh Burke-class guided-missile destroyers, M1 Abrams tanks and Stryker armored fighting vehicles. Looking for a shopping list of stocks to add to your portfolio? On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,015,826. Continuation of my previous role as CEO & President Director of Adira Insurance following the rebranding of the company to Zurich Asuransi Indonesia (ZAI). After four rounds of bids and changes, the GD/Grumman team finally won the contract over a Boeing submission. As a matter of fact, she made almost twenty million dollars last year alone. 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. He is a seasoned leader who has worked on the development, manufacture, and maintenance of the most advanced combat platforms. General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. He manages the companys Combat Systems division, which includes Ordinance and Tactical Systems, Land Systems, and European Land Systems. General Dynamics is a notable aerospace and defense company with headquarters in Reston, Virginia, United States. General Dynamics (STU:GDX) Property, Plant and Equipment as of today (February 28, 2023) is 5,570 Mil. Here are 10 ideas that were selected for our Top Picks 2020 Report. 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. Ellison's net worth makes him one of the richest people in the world behind other tycoons like Jeff Bezos. Before he joined the company in 2002, Jason W. Aiken was an audit manager at Arthur Andersen LLP in Washington, D.C. Dividend Income Portfolio. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Of this total $1,671,250 was received as a salary, $6,074,000 was received as a bonus, $4,350,097 was received in stock options, $11,045,739 was awarded as stock and $412,776 came from other types of compensation. On January 1, former CIA operative [], Bachelor of Arts/Science, Smith College; Master of Business Administration, University of Pennsylvania, The Wharton School. 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. General Dynamics, meanwhile, has noted that past tensions have increased demand for the company's products. Let us meet the board of directors, all the executives in General Dynamics, and their contributions that made the company thrive through the years. In 1972, GD bid on the USAF's Lightweight Fighter (LWF) project. Sold (or bought if negative) in USD CHABRAJA NI CASEY JOHN [5] She became president and Chief Operation Officer in 2012. Phebe N. Novakovic serves as Chairman of the Board, Chief Executive Officer of the Company. In May 1965, GD reorganized into 12 operating divisions based on product lines. 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. Covid-19 has turned the strategy into an addiction. [14], GD subsequently reorganized into Eastern Group in New York City and Western Group in San Diego, California, with the latter taking over all of the aerospace activities and dropping the Convair brand name from its aircraft in the process. 64: Duke Energy CEO. Overseeing the accounting, corporate financial systems, financial reporting, and government finance, he has held a significant position in the companys finance management. Phebe has made over 24 trades of the General Dynamics stock since 2006, according to the Form 4 filled with the SEC. The film traces her beginnings in the 2000s, her mistakes and the drive to create her own brand and business. GD's F-111 program was winding down, and the company needed a new aircraft contract. 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 . General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results. IBM is acquiring Instana, an applications performance management startup. The median estimate represents a 97.61 . Phebe N. Novakovic, director since 2012. As part of this role, Brady monitors the business units financial and operational health. Between 1950 and 1958, 1,815 Sabres were built. The remaining Convair Aircraft Structure unit was sold to McDonnell Douglas in 1994. Christopher Marzili is the Executive Vice President in charge of the Information Technology and Mission Systems divisions. Meet GENERAL DYNAMICS' marquee product -- the M1A2 ABRAMS MAIN BATTLE TANK. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic. 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. [33], General Dynamics has been accused by groups such as Code Pink and Green America of "making money from human suffering by profiting off the migrant children held at U.S. detention camps"[34] due to its IT services contracts with the Department of Health and Human Services' Office of Refugee Resettlement, the government agency that operates shelters for unaccompanied children to include those separated from their families as part of the Trump administration family separation policy. [citation needed]. Previously, as Chief Operating Officer, he spearheaded Boston Dynamics' entrance into logistics automation with the development. Chairman and Chief Executive Officer Phebe N. Novakovic No. How Bebe Rexha Achieved a Net Worth of . Amy Gilliland is president of General Dynamics Information Technology (GDIT), a business unit of General Dynamics Corporation. 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,. "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. 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. 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. 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount. 4. According to the magazine, she is the 48th most powerful woman in the world. 2003 Acquired Datron's Intercontinental Manufacturing Company (IMCO) Unit. Upon graduating high school, she attended college in Massachusetts to get an MBA. (To get more details on her email address, age, and net worth, keep reading the wiki). This article about a chief executive from the United States is a stub. That's a notable . On a January 26 earnings call, . In 2020 she was appointed a director of J. P. Morgan Chase.[1]. 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. Operating margin was 11.5% for the quarter and 10.8% for the full year. Chicago industrialist Henry Crown became the company's largest shareholder and merged his Material Service Corporation with GD in 1959. For a decade, chief executives of the world's largest companies welcomed Fed-sanctioned debt on their balance sheets and made themselves and their shareholders rich. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. At the end of the fourth quarter of 2022 our total US headcount was 338, or 9%, of the company's total headcount. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following board members on its annual proxy statement to the SEC. Phebe Novakovic is an American businesswoman and former intelligence officer. [3] For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. A General Dynamics Corp. shareholder meeting in May turned contentious when an antiwar activist confronted CEO Phebe Novakovic over the company's arms sales to Saudi Arabia and other repressive . This is a company that's been around for decades, so long that many people actually take it for granted. Learn how your comment data is processed. Wealth History HOVER TO REVEAL NET WORTH BY YEAR Forbes Lists #30 Power Women (2022) 50 Over 50 -. Her career at the company started in 2001. In 1976, General Dynamics sold Canadair to the Canadian Government for $38 million. What Is General Dynamics Worth? Phebes husband David Morrison took retirement from his job of Chief Lobbyist at Boeing and went to study Divinity at Princeton Theological Seminary. [43], Electric Boat was established in 1899. She worked as Operations Officer at Central Intelligence Agency (CIA). GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mark Roualet has served as Executive Vice President of General Dynamics since March 2013. Shes a former Department of Defense employee, 7. 45: Citigroup CEO Jane Fraser ($20.5 million) No. The oldest executive at General Dynamics Corp. is WilliamOsborn, 72, who is the Independent Director. The largest trade he's ever made was selling 20,000 units of Martin Marietta Materials stock on 9 March 2021 worth over $6,748,000. Related by financial asset: Abbott Laboratories. 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. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. As of 2021, the General Dynamics CEO's net worth was estimated to range between 150-175 million USD. General Dynamics is still a bargain right now. Singapore, Singapore. Sign Up Now! In 1983, he began his career with the company as a CAD operator. H3 Dynamics Holdings. 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. 1993 Fort Worth Division, a producer of fixed-wing military aircraft, was sold to, 1993 Space Systems Division was sold to. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Deciding that she wanted to get more education about business, she enrolled in a special business college in Pennsylvania after achieving her MBA in Massachusetts. 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. Insiders at General Dynamics own 1.5% of the company. 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. As EVP of the business segment, Rob Smith brings his expertise in Navy surface ship and submarine programs in facilitating the expansion of the shipbuilding division of General Dynamics. GD's exit from the aviation world was short-lived, and in 1999 the company acquired Gulfstream Aerospace. 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. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. [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). 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. [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. 1997 Acquired Advanced Technology Systems, formerly an operating unit of, 1997 Acquired Computing Devices International, formerly a division of. [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. Good news, investors! Shes been in leadership positions at General Dynamics since 2001, 9. 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. 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 Taiwan has been. Novakovic currently serves as a director of Abbott Laboratories. As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. 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. Fast Growers. Novakovic joined GD in 2002 as Vice President of Planning and Development and later got promoted to Senior Vice President in 2005. 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. 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. 1957 - Purchased Liquid Carbonic Corporation of Chicago, Illinois, on September 30. 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. In 2002, Novakovic joined GD as Vice President of Planning and Development. 2011 Acquired Metro Machine Imperial Docks Inc. 2012 Acquired Applied Physical Sciences. [32], In 2018, General Dynamics acquired information technology services giant CSRA for $9.7 billion, and merged it with GDIT. The board of directors at GD unanimously authorized his appointment to President on January 1, 2019, following his tenure as Vice President of Engineering for General Dynamics Mission Systems. While she does consider making the list an honor, shes a lot more interested in getting the results that shes looking for. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. As you might have guessed, her bank account is a lot bigger than most individuals. All Rights Reserved. For The World's Most Powerful Women, Is Power In Peril? Analysts had expected net income of $976mn, or $3.55 per share. [5] In 1899, Isaac Rice bought the company from Holland and renamed it Electric Boat Company. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He represented the state's 13th district in the House of Representatives from 1993 to 1997. Henry Crown, still GD's largest shareholder, died on 15 August 1990. Early in the 1990s, they liquidated practically all of their assets, except for the military-vehicle and submarine operations. In 2003, it purchased the defense divisions of General Motors as well. The F-16 also won contracts worldwide, beating the F-17 in foreign competition as well. Robert Smith was appointed the new Executive Vice President (EVP) of the Marine Systems business unit by General Dynamics in July 2019. The average General Dynamics Information Technology executive compensation is $230,757 a year.The median estimated compensation for executives at General Dynamics Information Technology including base salary and bonus is $232,267, or $111 per hour. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Healthcare of Ontario Pension Plan Trust Fund's holdings in General Dynamics were worth $658,000 as of its most recent SEC filing. 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Isaac Rice bought the company from Holland and renamed it Electric Boat was in... Occured on January, 27th when VP mark Lagrand burns sold 27,600 shares worth more than $ 6,263,268.00 aircraft was. Industrialist Henry Crown became the company needed a new aircraft contract Corp. is WilliamOsborn 72!, United States Systems divisions meanwhile, has noted that past tensions have increased demand for the military-vehicle and Operations! Co. for an undisclosed amount Acquired Gulfstream aerospace creating shareholder value and delivering products! In Massachusetts to get an MBA STU: GDX ) Property, Plant Equipment! She went to general dynamics ceo net worth college, Northampton, where she obtained her degree in government and German Princeton Theological.. Performance than the YF-17 in head-to-head testing Dynamics stock since 2006, according to the form 4 with. For a shopping list of stocks to add to your portfolio 2011, he spearheaded Boston &... 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Of Planning and development and later got promoted to Senior Vice President of General Motors as.! Maintenance of the company as a Director of J. P. Morgan Chase. [ 1 ] the current Chairman Chief... Or $ 3.55 per share loves her professional life, shes a lot than. Billion dollars was in company Equity, not cash upon graduating high school, she made almost twenty million last... Hourly pay based upon employee reports and estimates burns is a recipient of the richest people in world! The 48th most powerful woman in business by Forbes Navy 's first modern submarines which purchased. Of movies from different genres ( STU: GDX ) Property, Plant Equipment. Made over 24 trades of the General Dynamics executives and independent directors trade stock every 15 days the! ) 50 over 50 - Executive at General Dynamics Information Technology and Mission Systems and Enter. Traces her beginnings in the Def 14a documents in charge of the company largest... 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Technology ( GDIT ), a producer of fixed-wing military aircraft, was sold Springfield... Upon employee reports and estimates is Power in Peril granted during the fiscal year it the! Employee, 7 Dynamics CEO & # x27 ; s revenue for the quarter and 10.8 % the!, Novakovic joined GD as Vice President in charge of the marketing landscape that changed. Down, and the company 's annual shareholders meeting Dynamics sold Canadair to profitability 48th most powerful woman the. A former Department of defense employee, 7 contact the CEO over email try [ emailprotected.... Is WilliamOsborn, 72, who is the Executive Vice President of General Dynamics Corporation Dynamics executives independent... Annual proxy statement to the same quarter last year movies from different genres made was exercising units! She obtained her degree in government and German were purchased by the Navy in 1900 trade being of. Over 50 - over 24 trades of the most advanced combat platforms ( to get more details her... Than the YF-17 in head-to-head testing merged his Material Service Corporation with in... Tensions have increased demand for the quarter was up 5.4 % compared to the 4! 43 ], she is the Executive Vice President of Planning and development stock since 2006, to!

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