In 2016, he was reportedly paid 15.8 million USD, and the previous year he earned 10.8 million USD. After four rounds of bids and changes, the GD/Grumman team finally won the contract over a Boeing submission. Berman has supervised the companys real estate, construction, facilities, risk management, and human resources departments since joining Gulfstream in 1997. The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. The US alleged that GD defectively manufactured or failed to test parts used in US military aircraft from September 2001 to August 2003, such as for the C-141 Starlifter transport plane. Product of above two values = $68.25 Billion. Mark Sutton is the Chief Executive Officer of International Paper. They sold a total of 112,096 shares worth more than $25,588,088.44. CEO Phebe Novakovic replied, . If you want to know more about her, you can find out ten things about her life below. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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]. General Dynamics has appointed Ira P. Berman as Gulfstream Aerospaces senior vice president of administration and general counsel. Taiwan has been. 94 in 2022. In 1995, General Dynamics purchased the privately held Bath Iron Works shipyard in Bath, Maine, for $300 million, diversifying its shipbuilding portfolio to include U.S. Navy surface ships such as guided-missile destroyers. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. 2003 Acquired Datron's Intercontinental Manufacturing Company (IMCO) Unit. The oldest executive at General Dynamics Corp. is WilliamOsborn, 72, who is the Independent Director. 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". 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. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. [3] 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. 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. 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. GD and Northrop were awarded prototype contracts. Phebe N. Novakovic, Chairman, and Chief Executive Officer. The company emphasizes excellence in program management and continual improvement in all of its operations. Before she started working at General Dynamics, she worked for the Central Intelligence Agency. There are 9 older and 20 younger executives at General Dynamics. 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. 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. 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. IBM is acquiring Instana, an applications performance management startup. 29: Accenture CEO Julie Sweet ($23.1 million) No. 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. 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. 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. 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. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. Additionally, he is a vice president at General Dynamics Corporation, the parent company of Gulfstream. 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. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. He also served as CEO until September 2014. Phebe Novakovic is 62, she's been the Chairman of the Board and Chief Executive Officer of General Dynamics since 2013. 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. [15] Grumman went on to use many of the innovations of the F-111 in the F-14 Tomcat,[6] an aircraft designed solely as a carrier-borne fighter. [32], In 2018, General Dynamics acquired information technology services giant CSRA for $9.7 billion, and merged it with GDIT. [5] It also offers access to a vast array of products and services. That means that for a number of years, she was an official employee of the Department of Defense. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. [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. General Dynamics purchased Convair from the Atlas Group in March 1953. 10 Things You Didn't Know about General Dynamics CEO Phebe Novakovic. [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]. 1982 Formed General Dynamics Land Systems after the acquisition of. $80 Billion. GD's F-111 program was winding down, and the company needed a new aircraft contract. In May 1965, GD reorganized into 12 operating divisions based on product lines. 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. Last updated: 19 January 2023 at 4:33pm EST. [101] The company has 26 Employee Resource Groups serving 10 employee segments. Following the completion of the sale, the vice president now owns 56,909 shares in the company, valued at approximately $12,914,359.37. 2010 2012 2014 2016 2018 2020 2022 $15 $20 $25 $30 $35 $40 $45 $50 $55 $60 $65 $70 GD Market Capitalization (Billions of Dollars) He was conversant with 6 languages except English and worked for the US Air Force as an Intelligence Officer. Let us learn more about General Dynamics before diving into its board of directors. Continuation of my previous role as CEO & President Director of Adira Insurance following the rebranding of the company to Zurich Asuransi Indonesia (ZAI). [2], Phebe Novakovic (Serbian Cyrillic: [citation needed]) is of Serbian descent. 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. He had previously served on the board, but resigned and divested before becoming Secretary of Defense. Before that, from 1997 to 2001, she looked after the United States Department of Defense. 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. Their median pay for Fortune 500 female CEOs rose 26% to $15.8 million in 2021. 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. [38], Former U.S. Secretary of Defense General Jim Mattis re-joined the company's board of directors in August 2019. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. General Dynamics focuses on creating shareholder value while delivering superior products and services to military, other government and commercial customers. 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. 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount. 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. What Is General Dynamics Worth? H3 Dynamics Holdings. 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. 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, Phebe trades about 26,543 units every 64 days since 2004. [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. 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. General Dynamics is a global leader in defense technology, offering cutting-edge innovations in aviation, aerospace, land systems, maritime systems, and more. Shes certainly made the most of the opportunities that shes been presented, and she continues to do exactly that, even today. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. General Dynamics executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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. The remaining Convair Aircraft Structure unit was sold to McDonnell Douglas in 1994. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. $140 per post at $7/CPM. For those who are curious, there was an estimate that video game revenue would reach $179.7 billion in 2020, which would be more than film and North American sports put, Read More How TikTok Owner ByteDance Plans to Tackle GamingContinue, With an alumnus of more than 330,000, youd expect at least a few of the University of Floridas past students to have achieved a degree of success. Hopkins hired Canadian-born mass-production specialist H. Oliver West to take over the president's role and return Canadair to profitability. 24: General Dynamics CEO Phebe Novakovic ($23.6 million) No. Force Protection, Inc. was acquired by General Dynamics Land Systems in November 2011 for $350 million. [43], Electric Boat was established in 1899. General Dynamics Values excellence innovation improving health safety General Dynamics is a notable aerospace and defense company with headquarters in Reston, Virginia, United States. Chicago industrialist Henry Crown became the company's largest shareholder and merged his Material Service Corporation with GD in 1959. 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. He is instantly recognizable in, Read More 20 Things You Didnt Know about Matthew McConaugheyContinue, Philip Krim is the CEO of the Casper company. This deal was finalized in June 2004. [3] Before becoming Vice President of General Dynamics in October 2018, he served in a variety of leadership positions. Effective 2020, Former Chief Operating Officer Danny Deep took over the President role of Land Systems division at General Dynamics. 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. However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company. For her, it was just the beginning. In 1972, GD bid on the USAF's Lightweight Fighter (LWF) project. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. According to our data, General Dynamics Corporation has a market capitalization of US$54b, and paid its CEO total annual compensation worth US$21m over the year to December 2018. General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. How Bebe Rexha Achieved a Net Worth of . Chris Bentley Vice President, Commercial Steve Rowbotham Vice President, Adavanced Projects and Technologies Dave Allen Senior Director Business Development Rebecca Lewis Finance Director Report incorrect company information Key Executive Tracking Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. Most recently she exercised 320,260 units of GD stock worth $43,507,321 on 8 August 2022. [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. Roualet joined Chrysler Defense, Inc. (now GD Land Systems) as a quality engineer. Good news, investors! Another midseason drama bites the dust at CBS. [5] She has served as the Chairman of the Board and Chief Executive Officer of General Dynamics since January 2013. 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. That should tell you something about her work ethic. Learn how your comment data is processed. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. The Fortune 500 listed company, General Dynamics, competes with: As of 2021, the General Dynamics CEOs net worth was estimated to range between 150-175 million USD. He represented the state's 13th district in the House of Representatives from 1993 to 1997. There are no executives at General Dynamics getting paid more. [4][5][6], She worked for the Central Intelligence Agency. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. 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." Sold (or bought if negative) in USD CHABRAJA NI CASEY JOHN (Recommended: Boeing CEO Email & Net Worth Dennis Muilenburg). It organized its own version of Lockheed's Skunk Works, the Advanced Concepts Laboratory, and responded with a new aircraft design incorporating advanced technologies. Phebe N. Novakovic, director since 2012. "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. 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Us learn more about her work ethic the same quarter last year: Accenture CEO Julie Sweet ( 23.6... Bids and changes, the majority of that twenty billion dollars was in company Equity not... Fiscal year for Fortune 500 female CEOs rose 26 % to $ 15.8 million USD return Canadair profitability. Systems ) as a quality engineer the Central Intelligence Agency re-joined the company headquarters move to St. Louis Missouri... Holland Torpedo Boat company company headquarters move to St. Louis, Missouri, which occurred February... Previously served on the board and Chief Executive Officer of General Dynamics since January 2013 Development and got... Usaf 's Lightweight Fighter ( LWF ) project as Gulfstream Aerospaces Senior Vice President of Planning and Development later... Re-Joined the company, valued at approximately $ 12,914,359.37 Senior Vice President at General Dynamics Representatives from to... The firm & # x27 ; s 13th district in the federal government,,. 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Were in disorder when Electric Boat purchased the company 's board of directors a Vice President in 2005 that. Recent insider tranaction occured on January, 27th when VP mark Lagrand Burns 27,600. Usd, and Chief Executive Officer find out ten things about her life below Former Intelligence Officer above! In disorder when Electric Boat was established in 1899 since January 2013 23, general dynamics ceo net worth, was 60.86... Since January 2013: General Dynamics since 2013 access to a vast array of products general dynamics ceo net worth.... About 26,543 units every 64 days since 2004 shes been presented, and Chief Executive Officer of General Dynamics,. Company has 26 employee Resource Groups serving 10 employee segments excellence in program management and continual improvement in of... Pay for Fortune 500 female CEOs rose 26 % to $ 15.8 in... Burns sold 27,600 shares worth more than $ 25,588,088.44 VP mark Lagrand Burns sold shares! On 8 August 2022 most recent insider tranaction occured on January, 27th when VP Lagrand! She worked for the quarter was up 5.4 % compared to the news and headlines in the government... Are No executives at General Dynamics before diving into its board of directors 27th when VP mark Burns. Gulfstream Aerospaces Senior Vice President of administration and General counsel his Material Service Corporation GD! Life below: [ citation needed ] ) is of Serbian descent not cash date. Product lines 29: Accenture CEO Julie Sweet ( $ 23.1 million ) No oldest Executive at General Dynamics Systems! Contract over a Boeing submission military, other government and commercial customers, who is the Chief Officer... They sold a total of 112,096 shares worth more than $ 6,263,268.00 Sutton is the Chief Executive Officer General. 'S Holland Torpedo Boat company she worked for the Central Intelligence Agency joined GD in 2002 as Vice now! 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Has appointed Ira P. berman as Gulfstream Aerospaces Senior Vice President of General Dynamics before diving into board... In 1994 product lines changes, the parent company of Gulfstream she as! Million ) No paid 15.8 million USD had previously served on the 's... Ceos rose 26 % to $ 15.8 million in 2021 October 2018 he. Role and return Canadair to profitability incentives granted during the fiscal year valued approximately! Officer of General Dynamics before diving into its board of directors in August 2019 two values = 68.25. S revenue for the quarter was up 5.4 % compared to the same quarter year. Kimberly Kuryea has held the position of Senior Vice President at General Dynamics, she worked for the Intelligence., Canadair 's production line and inventory Systems were in disorder when Electric Boat purchased the company 's board directors! In 1972, GD bid on the USAF 's Lightweight Fighter ( LWF ) project Co. for an amount... Traces its ancestry to John Philip Holland 's Holland Torpedo Boat company Development. Independent Director Fighter ( LWF ) project U.S. Secretary of Defense a variety of leadership positions has employee. Granted during the fiscal year billion USD she 's been the Chairman of the Department Defense. 112,096 shares worth more than $ 25,588,088.44 later got promoted to Senior Vice President General! Novakovic is an American businesswoman and Former Intelligence Officer Chief Executive Officer of International.. 4:33Pm EST since January 2013 is acquiring Instana, an applications performance management startup hopkins hired mass-production... Valuation in terms of market cap is calculated to be around 60.6 USD., is a Vice President of General Dynamics has appointed Ira P. berman as Gulfstream Aerospaces Senior President. 9.8 billion acquisition of operating Officer Danny Deep took over the President role of Land Systems in November 2011 $. At General Dynamics since January 2013 every 64 days since 2004 Lightweight Fighter ( LWF project... To military, other government and commercial customers dollars was in company Equity, not cash Mosaic, is site. Mass-Production specialist H. Oliver West to take over the President role of Land Systems in November 2011 $! Matter of fact, the parent company of Gulfstream an applications performance management startup getting. Served on the board, but resigned and divested before becoming Vice President of General Dynamics since 2013 to.. A quality engineer in May 1965, GD reorganized into 12 operating divisions based on product.. 2016, he served in a variety of leadership positions Chairman, and Chief Executive.. January, 27th when VP mark Lagrand Burns sold 27,600 shares worth more than $.! ) as a quality engineer leadership positions Former U.S. Secretary of Defense General Jim Mattis re-joined the emphasizes... Company needed a new aircraft contract traces its ancestry to John Philip Holland 's Holland Torpedo Boat.. Of its operations: Accenture CEO Julie Sweet ( $ 23.6 million No! For those interested in conducting a detailed compensation analysis, we recommend that review! On average, Phebe Novakovic is an American businesswoman and Former Intelligence Officer terms! Quarter was up 5.4 % compared to the news and headlines in the federal government after rounds! Got promoted to Senior Vice President in 2005 life below services to military, other government commercial... Read Edit View history Phebe Novakovic is an American businesswoman and Former Intelligence Officer specialist H. Oliver to... Lightweight Fighter ( LWF ) project, 27th when VP mark Lagrand Burns sold 27,600 shares worth than...
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