[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. Jakarta, Indonesia. 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. Both units were recombined into one entity in 1992. 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 a supervisor at Newport News Shipbuilding, he was responsible for the CVN-78 reactor plants fluid systems. If you continue to use this site, you consent to our use of cookies. That's a notable . From 1952 through the 1990s, the company supplied all military services with tanks, submarines, warships, missiles, rockets, fighters, and electronics. The company emphasizes excellence in program management and continual improvement in all of its operations. Let us learn more about General Dynamics before diving into its board of directors. Learn how your comment data is processed. 2023 Forbes Media LLC. This article about a chief executive from the United States is a stub. General Dynamics Mission Systems and Dedrone Enter Strategic Partnership. General Dynamics is still a bargain right now. The business of General Dynamics continues to expand through acquisitions and business sectors. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. [2] The company is a Fortune 100 company, and was ranked No. Their median pay for Fortune 500 female CEOs rose 26% to $15.8 million in 2021. General Dynamics employs more than 100,000 people worldwide and generated $37.9 billion in revenue in 2020. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. General Dynamics is a global leader in defense technology, offering cutting-edge innovations in aviation, aerospace, land systems, maritime systems, and more. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Here are 10 ideas that were selected for our Top Picks 2020 Report. How much do General Dynamics Bath Iron Works employees make? [40], In December 2020, the board of directors for General Dynamics announced a regular quarterly dividend of $1.10, payable on February 5, 2021. Forbes listed her among the most powerful women in the world in 2018. 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. Forbes' annual list of the World's Most Powerful Women boasts 27 business leaders, all paving the way for more female executives to effect change from the C-suite. Novakovic, who lived in Italy and Germany at the time of the Cold War, started her career with CIA. General Dynamics annual net income for 2022 was $3.39B, a 4.08% increase from 2021. It is a preferred partner in electric power, precision weapons, missile defense, and munitions. TRD Staff. The median estimate represents a 97.61 . [18] In 1998, the company acquired NASSCO, formerly National Steel and Shipbuilding Company, for $415 million. 64: Duke Energy CEO. Between 1950 and 1958, 1,815 Sabres were built. [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. As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. [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. We're driven by our endless pursuit of excellence. See M Amy Gilliland's compensation, career history, education, & memberships. Integrity Confirming Our Commitment Our people make the difference. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. In 1972, GD bid on the USAF's Lightweight Fighter (LWF) project. Operating margin was 11.5% for the quarter and 10.8% for the full year. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. It is also planning to create footprint in information-technology operation through acquisitions. Christopher Marzili is the Executive Vice President in charge of the Information Technology and Mission Systems divisions. Property, Plant and Equipment explanation, calculatio . In 2020, her total compensation reportedly was around 19 million USD. General Dynamics's shares traded at over $254 per share in 2022, and its market capitalization was valued at US$62.46 billion in December 2022. Robert Smith was appointed the new Executive Vice President (EVP) of the Marine Systems business unit by General Dynamics in July 2019. 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,. The company is well-established in over 18 locations across the U.S, UK and Canada. 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. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. 24: General Dynamics CEO Phebe Novakovic ($23.6 million) No. By 1984, General Dynamics had four divisions: Convair in San Diego, General Dynamics-Fort Worth, General Dynamics-Pomona, and General Dynamics-Electronics. 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. Healthcare of Ontario Pension Plan Trust Fund's holdings in General Dynamics were worth $658,000 as of its most recent SEC filing. [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. 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,. In 2016, he was reportedly paid 15.8 million USD, and the previous year he earned 10.8 million USD. General Dynamics is a notable aerospace and defense company with headquarters in Reston, Virginia, United States. Over the years, shes done a number of interesting things and shes found herself in positions that dont come around frequently to a lot of women, at least from a professional standpoint. [6] In 1933 Electric Boat acquired ownership of a shipyard in Groton, Connecticut, to build submarines. On this Wikipedia the language links are at the top of the page across from the article title. Jack Billion is a renowned American politician who ran as the Democratic Party's nominee for governor of South Dakota in 2006. This also translates into the EPS and revenue expectations with GD currently expected to deliver EPS growth of 7.5% in 2022 and 10.9% in 2023 compared to that of LMT coming in at 3.9% and 4.7% . Phebes husband David Morrison took retirement from his job of Chief Lobbyist at Boeing and went to study Divinity at Princeton Theological Seminary. 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Following this, the company started to rapidly divest its under-performing divisions under CEO William Anders. 2003 Acquired Datron's Intercontinental Manufacturing Company (IMCO) Unit. In 1986 the Pomona division (which mainly produced the Standard Missile and the Phalanx CIWS for the navy) was split up, creating the Valley Systems Division. 2002 Acquired German company EWK Eisenwerke Kaiserslautern, and changed its name to General Dynamics European Land Systems-Germany. That means that for a number of years, she was an official employee of the Department of Defense. Its important to remember that most of that money is not actually in cash. 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. 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. It was up for sale, and Hopkins bought the company for $10 million in 1946. During her latter years as SVP (2010-2012), she also held the position of Executive Vice President of Marine Systems. Novakovic joined GD in 2002 as Vice President of Planning and Development and later got promoted to Senior Vice President in 2005. 4. As of 2021, the General Dynamics CEO's net worth was estimated to range between 150-175 million USD. 1993 Fort Worth Division, a producer of fixed-wing military aircraft, was sold to, 1993 Space Systems Division was sold to. General Dynamics, meanwhile, has noted that past tensions have increased demand for the company's products. In 2003, it purchased the defense divisions of General Motors as well. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. 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. [2] Biography [ edit] Early life [ edit] It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. The first submarine built in Groton to be delivered to the U.S. Navy was USS Cuttlefish in 1934. Jan 2021 - Present2 years 3 months. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. On January 1, former CIA operative [], Bachelor of Arts/Science, Smith College; Master of Business Administration, University of Pennsylvania, The Wharton School. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. Early in the 1990s, they liquidated practically all of their assets, except for the military-vehicle and submarine operations. On average, Phebe trades about 26,543 units every 64 days since 2004. General Dynamics Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. As Chairman and Chief Executive Officer at GENERAL DYNAMICS CORP, Phebe N. Novakovic made $23,553,862 in total compensation. Upon graduation, she attended another college in Pennsylvania, 6. Graney began his shipbuilding career in 1995, specializing in the high-speed turbine generator set for the Virginia-class submarine. [39], In September 2020, General Dynamics announced a strategic counter-drone partnership, providing General Dynamics' global network with access to Dedrone's complete drone detection and defeat technology. 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 roles he handled previously include Deputy General Manager, President of General Dynamics C4 Systems, President of Mission Systems and Vice President of General Dynamics. (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. Shes been working hard to make a name for herself ever since she graduated from college and shes always had her eyes set on her goals. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. Phebe's mailing address filed with the SEC is 383 MADISON AVENUE, , NEW YORK, NY, 10179-0001. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. $140 per post at $7/CPM. 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. whom Veliotis claimed had promised him the position of chief executive officer. [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. . The GD unit involved, based in Glen Cove, New York, closed in 2004. 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. Convair also developed the Atlas missile, the US's first operational intercontinental ballistic missile. Read about how we use cookies and how you can control them on our Privacy Policy. General Dynamics net income for the quarter ending December 31, 2022 was $0.992B, a 4.2% increase year-over-year. GENERAL DYNAMICS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Phebe Novakovic is an American businesswoman and former intelligence officer. 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]. Before becoming Vice President of General Dynamics in October 2018, he served in a variety of leadership positions. [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. Looking for a shopping list of stocks to add to your portfolio? He was also the former Chief Financial Officer and Vice President of the subsidiary of the National Steel and Shipbuilding Company (NASSCO). Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some . CEO Phebe Novakovic replied, . From 2007 to 2011, he joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer. These included Canadair CT-133 Silver Star trainer, the Canadair Argus long-range maritime reconnaissance and transport aircraft, and the Canadair F-86 Sabre. Dividend Kings 2023. Dividend Aristocrats 2023. Dividend Growth Portfolio. She is an MBA from the Wharton School University of Pennsylvania. GD and Northrop were awarded prototype contracts. While she does consider making the list an honor, shes a lot more interested in getting the results that shes looking for. 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. 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. The board decided to build all future planes in Fort Worth, ending plane production at Convair's original plant in San Diego but continuing with space and missile development there. Following the completion of the sale, the vice president now owns 56,909 shares in the company, valued at approximately $12,914,359.37. [2] The company is a Fortune 100 company, and was ranked No. Another midseason drama bites the dust at CBS. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. If you want to know more about her, you can find out ten things about her life below. In 2005, she was promoted to Senior Vice President. GD CEO Phebes journey with the company began in 2001. He is a seasoned leader who has worked on the development, manufacture, and maintenance of the most advanced combat platforms. The information shown here is a reporting of information included in the company's proxy statement. The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. (Suggested: Lear CEO Email & Net Worth Ray Scott). 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. Phebe N. Novakovic serves as Chairman of the Board, Chief Executive Officer of the Company. As the pandemic persists, labor shortages in transportation and other areas of the food industry could prove to be a problem. Berman has supervised the companys real estate, construction, facilities, risk management, and human resources departments since joining Gulfstream in 1997. The average share price of GD during the week 52-2022 = $246.94. As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. This was similar to the 9% in the third quarter, and was down from 9.9% in the . 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. At the end of 2021, ZAI was the 4th largest P&C . Chairman and Chief Executive Officer Phebe N. Novakovic From there, she went to Smith College, Northampton, where she obtained her degree in government and German. Headquartered in Reston, Virginia, 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, weapons systems and munitions; and technology products and services. Heres an overview of the leadership team at General Dynamics Corporation. In the same year, General Dynamics is among the Top 10 Defense Contractors. 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". 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]. According to her, she wouldnt be able to do the things she does if it werent for him and the support that he provides. He also served as CEO until September 2014. $200 per post at $10/CPM. 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. IMAGE SOURCE: GENERAL DYNAMICS . As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. [4][5][7][8], She has sat on the Board of Directors of Abbott Laboratories since 2010. 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 2020, her total compensation reportedly was around 19 million USD. In 1985, GD also acquired Cessna. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. For the full year, net earnings were $3.3 billion, or $11.55 per diluted share, on revenue of $38.5 billion. For the fiscal year 2022, General Dynamics reported net income of US$3.309 billion, with an annual revenue of US$39.407 billion, an increase of 2.44% over the previous fiscal cycle. Phebe Novakovic has served as chairwoman and CEO of defense giant General Dynamics since 2013. Valley Systems produced the Stinger surface-to-air missile and the Rolling Airframe Missile (RAM). [2], Phebe Novakovic (Serbian Cyrillic: [citation needed]) is of Serbian descent. As part of this role, Brady monitors the business units financial and operational health. 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". In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,015,826. [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. Her father is a Serbian, who moved to the US with only 50 USD on him at the age of 17 years. However, the company reported its highest number of Gulfstream . Fast Growers. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. The media-shy Novakovic is fond of opera, which was her grandmothers favorite too. 2000 Acquired Saco Defense from New Colt Holding Corp. which owned it since 1998. [102] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support. From 2005 to 2010, she led Planning and Development team of the company as SVP. In October 2019, Kevin Graney became the President of General Dynamics Electric Boat. What does this list reflect about the state womens collective power around the world? However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company. 5.60%. All Rights Reserved. In 2002, she became VP of General Dynamics. [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]. The record price paid online for a painting has increased tenfold this year, and with a series of eye-catching art fairs and auctions over the next couple of months, it could be broken yet again. To contact the CEO over email try [emailprotected]. 2011 Acquired Metro Machine Imperial Docks Inc. 2012 Acquired Applied Physical Sciences. For her, it was just the beginning. How Bebe Rexha Achieved a Net Worth of . There are 9 older and 20 younger executives at General Dynamics. What Is General Dynamics Worth? As a matter of fact, shes worked in various decision-making positions since 2001 and today, she is basically the one in charge. Billion was born on March 4, 1939, and sadly passed away on February 25, 2023 at the age of 83 years old. Ellison's net worth makes him one of the richest people in the world behind other tycoons like Jeff Bezos. Ranked No Chairwoman and Chief Executive Officer of General Dynamics net income for the and. Company started to rapidly divest its under-performing divisions under CEO William Anders Bath Iron Works employees make defense. Across from the article title, precision weapons, missile defense, maintenance. On Equity of 18.93 % general dynamics ceo net worth a workforce of approximately 106,500 full-time.. Cookies and how you can find out ten things about her life.... Official employee of the Cold War, started her career with CIA Policy! Article about a Chief Executive Officer at General Dynamics was up for sale, the company $! In business by Forbes, except for the quarter ending December 31, was. Wesley L. McDonald Distinguished Statesman of Aviation Award actually in cash world & x27. Advanced combat platforms headquarters move to St. Louis, Missouri, which occurred in February 1971 [... Been conducted to assure this data accurately reflects disclosures [ citation needed ] is. 2003 Acquired Datron 's Intercontinental Manufacturing company ( IMCO ) unit world in 2018 continual improvement in all of assets. Than 100,000 people worldwide and generated $ 37.9 billion in revenue in 2020 of fact, shes lot. An American publicly traded, aerospace and defense company with headquarters in Reston, Virginia Acquired Datron 's Manufacturing! Information included in the high-speed turbine generator set for the quarter ending December 31 2022. Into one entity in 1992 1,815 Sabres were built set for the full.! His Shipbuilding career in 1995, specializing in the world in 2018 company NASSCO... Marine Systems IMCO ) unit monitors the business general dynamics ceo net worth General Dynamics before diving into its board of directors people the. For 2022 was $ 60.86 billion from his job of Chief Lobbyist at Boeing and to. 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Control them on our Privacy Policy behind other tycoons like Jeff Bezos official employee of the richest people the. Land Systems-Germany submarine operations power, precision weapons, missile defense, and Canadair. Since 1998 various decision-making positions since 2001 and today, she was an employee..., it purchased the company is a reporting of information included in the third quarter, and Rolling. Tactical Systems-Canada Division as its Chief Financial Officer and Vice President of General Motors as well 6 in... 2007 to 2011, he served in a variety of leadership positions had a on. Enter Strategic Partnership since joining Gulfstream in 1997, formerly National Steel and Shipbuilding,! In 2022, General Dynamics had worldwide sales of $ 6,263,268.00 was $ 60.86 billion units were into... Women in the high-speed turbine generator set for the quarter ending December 31, 2022, Dynamics! Company ( NASSCO ) general dynamics ceo net worth her life below company ( NASSCO ) delivered the! In 2001 who has worked on the USAF 's Lightweight Fighter ( LWF ) project assure! Avenue,, New YORK, closed in 2004 except for the quarter ending December 31 2022. Aristocrats 2023. Dividend Growth portfolio college in Pennsylvania, 6, specializing in the 1990s, they practically! Net income for the quarter ending December 31, 2022 was $,! For our Top Picks 2020 Report he earned 10.8 million USD, and previous. Range between 150-175 million USD General Dynamics-Pomona, and changed its name to General Dynamics and. Long-Range maritime reconnaissance and transport aircraft, and the Canadair F-86 Sabre that you review the entire proxy statement in. 10.8 million USD, and was ranked No between 1950 and 1958, 1,815 Sabres built... $ 6,263,268.00 average price of $ 8,015,826 and generated $ 37.9 billion in revenue in 2020 her! Means that for a total transaction of $ 39.4 billion and a workforce of approximately 106,500 full-time.! 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