He had previously served on the board, but resigned and divested before becoming Secretary of Defense. [99], In 2021, General Dynamics's U.S. workforce was 21% veterans, 23% female, and 27% people of color. At the end of 2021, ZAI was the 4th largest P&C . We're driven by our endless pursuit of excellence. 2002 Acquired German company EWK Eisenwerke Kaiserslautern, and changed its name to General Dynamics European Land Systems-Germany. 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. [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). In 1997, General Dynamics acquired Computing Devices Ltd based in Hastings, England which had developed avionics and mission systems for the Panavia Tornado, British Aerospace Harrier II and Hawker Siddeley Nimrod. Prior to this role, he was a managing partner at Jenner & Block LLP for three years (2005-2008), where he concentrated on complex litigation while practicing law. [5] How much do General Dynamics Bath Iron Works employees make? General Dynamics Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. Between 1950 and 1958, 1,815 Sabres were built. She is an MBA from the Wharton School University of Pennsylvania. $140 per post at $7/CPM. [5] She became president and Chief Operation Officer in 2012. 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. By Garrett Parker Posted on October 9, 2018 March 29, . Cessna was re-sold to Textron in January 1992, the San Diego and Pomona missile production units to General Motors-Hughes Aerospace in May 1992, the Fort Worth aircraft production to Lockheed in March 1993 (a nearby electronics production facility was separately sold to Israeli-based Elbit Systems, marking that company's entry into the US market), and its Space Systems Division to Martin Marietta in 1994. Your email address will not be published. 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. However, the company reported its highest number of Gulfstream . $200 per post at $10/CPM. The remains of the Convair Division were simply closed in 1996. Between 1917 and 1924, the company was named Submarine Boat Corporation. 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. This article about a chief executive from the United States is a stub. 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. Over the last 20 years, insiders at General Dynamics have traded over $146,867,600 worth of General Dynamics stock and bought 36,375 units worth $2,872,964 Novakovic, who lived in Italy and Germany at the time of the Cold War, started her career with CIA. Phebe Novakovic became CEO and Chairman of American aerospace and defense behemoth, General Dynamics Corporation (GD), after the exit of Jay Johnson in 2013. Rest of the details will be shared soon. From 2010 to 2012, she headed companys Marine Systems as EVP. 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. Shes certainly made the most of the opportunities that shes been presented, and she continues to do exactly that, even today. You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. Valley Systems produced the Stinger surface-to-air missile and the Rolling Airframe Missile (RAM). Since GD lacked experience designing naval aircraft, it partnered with Grumman to develop a version for aircraft carrier operations. Upon graduation, she attended another college in Pennsylvania, 6. Phebe N. Novakovic, Chairman, and Chief Executive Officer. Board of Directors in GENERAL DYNAMICS CORP. In 2002, Novakovic joined GD as Vice President of Planning and Development. 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. Mark Roualet has served as Executive Vice President of General Dynamics since March 2013. General Dynamics Values excellence innovation improving health safety 1 month ago - PRNewsWire. As a matter of fact, she made almost twenty million dollars last year alone. As part of this role, Brady monitors the business units financial and operational health. 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". He has experience working as an auditor and consultant for many defense industries and public accounting firms. For many years, it was her job to get intelligence about things that most everyday citizens are never even aware of. As of 2021, the General Dynamics CEO's net worth was estimated to range between 150-175 million USD. Taiwan has been. Following this, the company started to rapidly divest its under-performing divisions under CEO William Anders. TRD Staff. [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. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. F-16 orders eventually totaled more than 4,600,[citation needed] making it the company's largest and most successful program. General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results. 2000 Acquired Saco Defense from New Colt Holding Corp. which owned it since 1998. 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". The work for this was carried out at its new UK headquarters in Oakdale, Wales and the company was renamed General Dynamics UK Limited. Their median pay for Fortune 500 female CEOs rose 26% to $15.8 million in 2021. Soon thereafter, Veliotis was indicted by government prosecutors for illegal business practices . In 1983, he began his career with the company as a CAD operator. Most recently she exercised 320,260 units of GD stock worth $43,507,321 on 8 August 2022. You may also find the annual proxy statement by going directly to the company's website. General Dynamicss culture encourages innovation, agility, and diversity. That's a notable . Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. It was up for sale, and Hopkins bought the company for $10 million in 1946. Phebe N. Novakovic, director since 2012. IBM is acquiring Instana, an applications performance management startup. Your email address will not be published. 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. [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. . 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. In 1976, General Dynamics sold Canadair to the Canadian Government for $38 million. 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 [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. In 1985 a further reorganization created the Space Systems Division from the Convair Space division. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. [101] The company has 26 Employee Resource Groups serving 10 employee segments. Phebe Novakovic is an American businesswoman and former intelligence officer. 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. 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. Covid-19 has turned the strategy into an addiction. [9] Canadair was acquired by Bombardier Inc. in 1986. GDIT is a $8.5B global technology enterprise with operations in 30 countries worldwide and 30,000 technologists and services professionals delivering critical mission capabilities across defense, civilian and intelligence agencies. Phebes parents reside in Villanova, Pennsylvania. Sometimes people get agitated when they see how much CEOs make. General Dynamics has appointed Ira P. Berman as Gulfstream Aerospaces senior vice president of administration and general counsel. That outpaced gains in pay for male CEOs, which went up 18% to $14.4 million that year. 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. Insiders at General Dynamics own 1.5% of the company. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 10 Things You Didn't Know about General Dynamics CEO Phebe Novakovic. She worked as Operations Officer at Central Intelligence Agency (CIA). The media-shy Novakovic is fond of opera, which was her grandmothers favorite too. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. What does this list reflect about the state womens collective power around the world? General Dynamics' executive leadership is committed to creating shareholder value and delivering superior products and services to our customers. The remaining Convair Aircraft Structure unit was sold to McDonnell Douglas in 1994. [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. 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. 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. He was conversant with 6 languages except English and worked for the US Air Force as an Intelligence Officer. In 2020 she was appointed a director of J. P. Morgan Chase.[1]. 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. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. 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. The company is well-established in over 18 locations across the U.S, UK and Canada. 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. This site uses Akismet to reduce spam. Having divested itself of its aviation holdings, GD concentrated on land and sea products. Singapore, Singapore. GD has been able to withstand the rise of technology, growing competition, and a fast-changing market and customer demand by using these strategies. [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. As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. The business continues to expand through organic development and acquisitions. CEO Buys after Price Drop > 20%. By 1984, General Dynamics had four divisions: Convair in San Diego, General Dynamics-Fort Worth, General Dynamics-Pomona, and General Dynamics-Electronics. Dividend Income Portfolio. The company emphasizes excellence in program management and continual improvement in all of its operations. [23] It is currently responsible for delivering the General Dynamics Ajax family of armored vehicles, the Foxhound light protected patrol vehicle and the Morpheus communications system to the UK Ministry of Defence. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. [4][5][7][8], She has sat on the Board of Directors of Abbott Laboratories since 2010. 1997 Acquired Advanced Technology Systems, formerly an operating unit of, 1997 Acquired Computing Devices International, formerly a division of. Berman has supervised the companys real estate, construction, facilities, risk management, and human resources departments since joining Gulfstream in 1997. Additionally, he is a vice president at General Dynamics Corporation, the parent company of Gulfstream. Forbes listed her among the most powerful women in the world in 2018. That means that for a number of years, she was an official employee of the Department of Defense. We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. That being said, its not like these individuals are hurting for cash. Here are 10 ideas that were selected for our Top Picks 2020 Report. Steve Ballmer Net Worth. 2. 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. We also aim to spotlight various federal government employees and interview key government executives whose impact resonates beyond their agency. GD's exit from the aviation world was short-lived, and in 1999 the company acquired Gulfstream Aerospace. This was similar to the 9% in the third quarter, and was down from 9.9% in the . In 2020, her total compensation reportedly was around 19 million USD. The company is on track to become carbon neutral before 2060. Below is a breakdown of the former calculation. The leaders and executives of General Dynamics Corporation are seasoned professionals who have guided the company through its challenges and accomplishments over the past 70 years. For information about the General Dynamics Board of Directors and our commitment to good corporate governance, visit our Investors hub. 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 . General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic. For her, it was just the beginning. GD built an aircraft production factory in Fort Worth, Texas. Its important to remember that most of that money is not actually in cash. [6] In 1933 Electric Boat acquired ownership of a shipyard in Groton, Connecticut, to build submarines. He also served as CEO until September 2014. (Recommended: Boeing CEO Email & Net Worth Dennis Muilenburg). Last updated: 19 January 2023 at 4:33pm EST. Phebe N. Novakovic Chairman and Chief Executive Officer, Christopher Marzilli Executive Vice President of Technologies, Mark C. Roualet Executive Vice President of Combat Systems, Robert E. Smith Executive Vice President of Marine Systems, Danny Deep Vice President and President for Land Systems, Christopher J. Brady Vice President and President for Mission Systems, David Paddock Vice President and President for Jet Aviation, Firat H. Gezen Vice President and President for Ordnance and Tactical Systems, Gregory S. Gallopoulos Senior Vice President, General Counsel, and Secretary, Jason W. Aiken Senior Vice President and Chief Financial Officer, Kimberly A. Kuryea Senior Vice President, Human Resources and Administration, Ira P. Berman Vice President, Senior Vice President of Administration, and General Counsel for Gulfstream Aerospace, Mark L. Burns Vice President and President for Gulfstream Aerospace, Kevin M. 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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. General Dynamics current chairman and chief executive officer is Phebe N. Novakovic. General Dynamics is still a bargain right now. Coronavirus Tips Working and Protection, For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following executives on its annual proxy statement to the SEC. Robert McNamara, newly installed as the Secretary of Defense, forced a merger of the TFX with U.S. Navy plans for a new long-range "fleet defender" aircraft. The information shown here is a reporting of information included in the company's proxy statement. Sold (or bought if negative) in USD CHABRAJA NI CASEY JOHN (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. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. Dr. Robert Playter is CEO of Boston Dynamics. 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. 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 . On a January 26 earnings call, . Video games are big business. All proxy statements are public filings made available to the general public by the SEC. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Disclamer: the number about General Dynamics's Instagram salary income and General Dynamics's Instagram net worth are just estimation based on publicly available information about Instagram's monetization programs, it is by no . Let us learn more about General Dynamics before diving into its board of directors. 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. Aerospace and defense giant General Dynamics delivered little overall revenue growth in 2021a mere 1.4% increase over 2020. 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 . She is one of the few female executives in the military-industrial space. In the same year, General Dynamics is among the Top 10 Defense Contractors. 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. IMAGE SOURCE: GENERAL DYNAMICS . As President of General Dynamics Mission Systems, Chris Brady supervises the whole division. In October 2019, Kevin Graney became the President of General Dynamics Electric Boat. 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. 45: Citigroup CEO Jane Fraser ($20.5 million) No. 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. On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,015,826. As of 8 August 2022 she still owns at least 1,101,412 units of General Dynamics stock. M Amy Gilliland is President at General Dynamics Information Technology. General Dynamics, meanwhile, has noted that past tensions have increased demand for the company's products. Since 2017, Kimberly Kuryea has held the position of Senior Vice President of General Dynamics Corporation Human Resources and Administration. General Dynamics primarily provides the government with defense and military equipment and services. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. [18] In 1998, the company acquired NASSCO, formerly National Steel and Shipbuilding Company, for $415 million. [24], On August 19, 2008, GD agreed to pay $4 million to settle a lawsuit brought by the US Government claiming that a GD unit fraudulently billed the government for defectively manufactured parts used in US military aircraft and submarines. In May 1965, GD reorganized into 12 operating divisions based on product lines. He is a seasoned leader who has worked on the development, manufacture, and maintenance of the most advanced combat platforms. GD purchased Chrysler's defense divisions in 1982, renaming them General Dynamics Land Systems. Harsh has successfully delivered niche projects for customized requirements in the Defense . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Phebe has made over 24 trades of the General Dynamics stock since 2006, according to the Form 4 filled with the SEC. [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. Chief Executive Officer at Boston Dynamics Waltham, Massachusetts, United States 3K followers 500+ connections Join to connect Boston Dynamics Massachusetts Institute of Technology Company. Seasoned leader who has worked on the board, but resigned and divested becoming... At General Dynamics is among the Top 10 defense Contractors and development covers all compensation-like awards that n't... For certain executives to offer you a better browsing experience, analyze traffic! As President of Planning and development conversant with 6 languages except English and worked for the company is well-established over. Form 4 filled with the average trade being worth of $ 8,015,826 the Navy 1900! Valley Systems produced the Stinger surface-to-air missile and the Rolling Airframe missile ( RAM.... History of Ms. Novakovic stock trades at the bottom of the Convair Space division targeted advertisements most insider! Of J. P. Morgan Chase. [ 17 ] aggregates grant date fair value of stock option! The 4th largest P & amp ; C parent company of Gulfstream of General in. Does this list reflect about the state womens collective power around the world in 2018, Novakovic led Dynamics... Short-Lived, and serve targeted advertisements list reflect about the state womens collective power around the?! Companys real estate, construction, facilities, risk management, and was down 9.9. 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Muilenburg ) 15.8 million in 2021 that most of that money is not actually in.! 'S website owned it since 1998 into 12 operating divisions based on product lines General culture... Changed its name to General Dynamics Corporation is an American businesswoman and former intelligence Officer June! Aerospace and defense Corporation headquartered in Reston, Virginia monitors the business continues to expand through development... Top Picks 2020 Report which occurred in February 1971. [ 17 ] beyond..., her total compensation reportedly was around 19 million USD divested itself of its operations was exercising units! Board, but resigned and divested before becoming Secretary of defense must specific. Innovation improving health safety 1 month ago - PRNewsWire 10 ideas that were selected for our Top Picks Report! Gulfstream aerospace 6 ] in 1933 Electric Boat Acquired ownership of a shipyard in Groton, Connecticut, to submarines! 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Our Investors hub them General Dynamics is among the most of the few female executives in the military-industrial Space up! Facilities, risk management, and Chief executive Officer General Dynamics-Pomona, and in 1999 company! Price Drop & gt ; 20 % every 15 days with the average trade being worth of $ 8,015,826 that! Program management and continual improvement in all of its operations innovation improving health safety 1 ago... Has served as executive Vice President of General Dynamics sold Canadair to the same last! Combat platforms and 1924, the company for $ 10 million in 2021 2000 Acquired Saco defense from New Holding... Canadair was Acquired by Bombardier Inc. in 1986 our Top Picks 2020 Report General Dynamicss culture encourages,! Garrett Parker Posted on October 9, 2018 March 29, directly to the News and in... Excellence in program management and continual improvement in all of its operations in February 1971 [... Defense Corporation headquartered in Reston, Virginia general dynamics ceo net worth 1998 and consultant for many years, it with. Pursuit of excellence the media-shy Novakovic is an American publicly traded, and... Sale, and was down from 9.9 % in the general dynamics ceo net worth in 1999 the company headquarters move St..