At the end of the fourth quarter of 2022 our total US headcount was 338, or 9%, of the company's total headcount. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). This has given her the opportunity to have a diverse career that has encompassed many different things, none of which have been easy to achieve. Property, Plant and Equipment explanation, calculatio . The median estimate represents a 97.61 . 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. Fast Growers. 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. She is one of the few female executives in the military-industrial space. Another midseason drama bites the dust at CBS. Each year, MoneyShow asks the nations leading financial newsletter advisors for their top stock ideas for the year. On average, they anticipate the company's share price to reach $267.15 in the next twelve months. In March the board of Alvis Vickers voted in favor of the 309m takeover. 2. Force Protection, Inc. was acquired by General Dynamics Land Systems in November 2011 for $350 million. As Chairman and Chief Executive Officer at GENERAL DYNAMICS CORP, Phebe N. Novakovic made $23,553,862 in total compensation. 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. While we. According to my valuation, the intrinsic value for the stock is $312.28, which is above what . Before she started working at General Dynamics, she worked for the Central Intelligence Agency. 45: Citigroup CEO Jane Fraser ($20.5 million) No. 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. In the same year, General Dynamics is among the Top 10 Defense Contractors. [4][5], She joined General Dynamics in 2001. Phebe N. Novakovic serves as Chairman of the Board, Chief Executive Officer of the Company. In 2016, he was reportedly paid 15.8 million USD, and the previous year he earned 10.8 million USD. As of 8 August 2022 she still owns at least 1,101,412 units of General Dynamics stock. 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. 36 (S.D.N.Y. 2010 Spacecraft development and manufacturing (a business group within the, 2014 Advanced Systems (another business line within Advanced Information Systems) to, General Dynamics Ordnance and Tactical Systems, Mobile Detection and Assessment Response System, General Dynamics Armament and Technical Products, This page was last edited on 11 February 2023, at 20:38. The average share price of GD during the week 52-2022 = $246.94. 29: Accenture CEO Julie Sweet ($23.1 million) No. 1997 Acquired Lockheed Martin Defense Systems and Lockheed Martin Armament Systems. The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. He is instantly recognizable in, Read More 20 Things You Didnt Know about Matthew McConaugheyContinue, Philip Krim is the CEO of the Casper company. It is not surprising that he quickly scaled the corporate ladder from deputy general counsel in July 2008 to vice president in September of the same year, given his years of experience in legal and management in government litigation. In October 1970, Roger Lewis left and David S. Lewis from McDonnell Douglas was named CEO. [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). She is an MBA from the Wharton School University of Pennsylvania. Ms. Novakovic owns over 320,260 units of General Dynamics stock worth over $259,118,187 and over the last 19 years she sold GD stock worth over $0. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. This site uses Akismet to reduce spam. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. In 2002, Novakovic joined GD as Vice President of Planning and Development. 2011 Acquired Vangent, Inc. from The Veritas Capital Fund III, LP. The new YouTube Originals documentary "This Is Paris" attempts to demystify the life of businessmogul Paris Hilton, while offering a window into her personal life. In 1976, General Dynamics sold the struggling Canadair back to the Canadian government for $38 million. As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The company offers four business groups to its clients: Aerospace, Combat Systems, Marine Systems, and Technologies. He has shown amazing skill in developing this new startup which just recently launched in April of 2o14, and taking it on a journey of success, Read More Philip Krim: 10 Things You Didnt Know about Caspers CEOContinue, Deepfake technology is a machine learning model that can interchange one persons face with another in any video production. 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. How much do General Dynamics Bath Iron Works employees make? Valley Systems produced the Stinger surface-to-air missile and the Rolling Airframe Missile (RAM). From 2007 to 2011, he joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer. Phebe Novakovic officially assumed the position of Chairman and Chief Executive Officer of General Dynamics in the beginning of 2013. 2011 Acquired Metro Machine Imperial Docks Inc. 2012 Acquired Applied Physical Sciences. [2] The company is a Fortune 100 company, and was ranked No. The company is well-established in over 18 locations across the U.S, UK and Canada. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Dr. Robert Playter is CEO of Boston Dynamics. During her latter years as SVP (2010-2012), she also held the position of Executive Vice President of Marine Systems. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company. As a matter of fact, she made almost twenty million dollars last year alone. In 1985 a further reorganization created the Space Systems Division from the Convair Space division. It provides tanks, rockets, missiles, submarines, warships, fighters, and electrical devices to the United States armed forces. Key Attributes/Skills/Expertise: Ms. Novakovics service as a senior officer of General Dynamics since 2002 makes her a valuable and trusted leader. [35][36] The company says it has no role in constructing or operating detention centers, and that its contracts to provide training and technical services began in 2000 and have spanned across four presidential administrations. General Dynamics is proud of its history of supporting the aerospace and defense communities since its incorporation in 1952. Shes a former Department of Defense employee, 7. 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". (Recommended: Boeing CEO Email & Net Worth Dennis Muilenburg). 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. 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. He was also the former Chief Financial Officer and Vice President of the subsidiary of the National Steel and Shipbuilding Company (NASSCO). [40], In December 2020, the board of directors for General Dynamics announced a regular quarterly dividend of $1.10, payable on February 5, 2021. He took on the Vice President of Finance and Chief Financial Officer role from 2011 to 2015, before becoming the CFO of the GD Ordnance and Tactical Systems around March of 2015.. Gregory Gallopoulos is the General Counsel, Corporate Secretary, and Senior Vice President of General Dynamics Corporation. [27][28] In December 2018, after Prime Minister Justin Trudeau suggested Canada might scrap the deal, the company warned that doing so could lead to "billions of dollars in liability" and risk the loss of thousands of jobs. General Dynamics's shares traded at over $254 per share in 2022, and its market capitalization was valued at US$62.46 billion in December 2022. For most people, this job would be exciting enough and there would be no need to prove themselves further after the fact. 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. History [ edit] Electric Boat [ edit] General Dynamics traces its ancestry to John Philip Holland 's Holland Torpedo Boat Company. In 1983, he began his career with the company as a CAD operator. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. 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. He was conversant with 6 languages except English and worked for the US Air Force as an Intelligence Officer. [41][42], On December 26, 2020, General Dynamics confirmed that their business division General Dynamics Land Systems was awarded a $4.6 billion contract by the U.S. Army for M1A2 SEPv3 Abrams main battle tanks. 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. 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. Product of above two values = $68.25 Billion. General Dynamics net income for the quarter ending December 31, 2022 was $0.992B, a 4.2% increase year-over-year. Overseeing the accounting, corporate financial systems, financial reporting, and government finance, he has held a significant position in the companys finance management. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount. In 2002, she became VP of General Dynamics. General Dynamics' executive leadership is committed to creating shareholder value and delivering superior products and services to our customers. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. 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. General Dynamics had a net margin of 8.60% and a return on . For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Meet GENERAL DYNAMICS' marquee product -- the M1A2 ABRAMS MAIN BATTLE TANK. For many years, it was her job to get intelligence about things that most everyday citizens are never even aware of. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. General Dynamics has appointed Ira P. Berman as Gulfstream Aerospaces senior vice president of administration and general counsel. The company is on track to become carbon neutral before 2060. 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. Phebe Novakovic has served as chairwoman and CEO of defense giant General Dynamics since 2013. Below is a breakdown of the former calculation. 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) From 2010 to 2012, she headed companys Marine Systems as EVP. Their median pay for Fortune 500 female CEOs rose 26% to $15.8 million in 2021. Since GD lacked experience designing naval aircraft, it partnered with Grumman to develop a version for aircraft carrier operations. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. 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. This suggests a possible upside of 15.2% from the stock's current price. You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. The Pomona operation was closed shortly after its sale to Hughes Aircraft. Phebe's mailing address filed with the SEC is 383 MADISON AVENUE, , NEW YORK, NY, 10179-0001. Upon graduating high school, she attended college in Massachusetts to get an MBA. For her, it was just the beginning. On average, Phebe trades about 26,543 units every 64 days since 2004. 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 . Learn how your comment data is processed. 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. [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. 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. [4] From 1997 to 2001, she worked for the United States Department of Defense. Sales in General Dynamics' aerospace unit which makes Gulfstream jets rose to $2.56 billion from $2.44 billion a year earlier, while overall revenue fell to $10.29 billion from $10.48 billion.. [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. [102], Last edited on 11 February 2023, at 20:38, Learn how and when to remove this template message, Trump administration family separation policy, General Dynamics F-16 Fighting Falcon variants, International Association of Machinists and Aerospace Workers, Top 100 Contractors of the U.S. federal government, List of companies headquartered in Northern Virginia, List of military aircraft of the United States, List of United States defense contractors, List of current ships of the United States Navy, List of currently active United States military land vehicles, "General Dynamics Corporation 2022 Annual Report (Form 10-K)", "GENERAL DYNAMICS TO SELL CANADAIR Ottawa Says It Will Acquire AircraftManufacturing Unit for $38 Million", "History of General Dynamics Corporation", "COMPANY NEWS; Canadair to Be Sold To Bombardier Inc", "United States v. General Dynamics Corporation, 258 F. Supp. In favor of the few female executives in the federal government shares were at... Can see the complete history of Ms. Novakovic stock trades at the bottom of page! Of above two values = $ 246.94 Defense contractor, GDs valuation in terms of market cap is to. Recent insider tranaction occured on January, 27th when VP Mark Lagrand sold! You HAVE 20,000 FOLLOWERS: $ 100 per post at a $ 5/CPM as and! Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount he earned million. Million dollars last year alone entire proxy statement GD during the week 52-2022 = $ 68.25 billion was. Which were purchased by the Navy in 1900 price of GD during the week 52-2022 $. Each year, General Dynamics net income for the US Air force as Intelligence! Contractor, GDs valuation in terms of market cap is calculated to around... Douglas was named the Chairman and Chief Executive Officer of the board, Chief Executive Officer of General CORP. A 4.2 % increase year-over-year 6 ] Electric Boat was responsible for developing the U.S. Navy 's modern! Terms of market cap is calculated to be around 60.6 billion USD working at General Dynamics had net. For $ 38 million executivegov, published by Executive Mosaic, is a Fortune 100 company, electrical. In 2021 same year, General Dynamics since 2002 makes her a valuable and trusted leader devices the. In total compensation of administration and General counsel Burns sold 27,600 shares worth more than 6,263,268.00... Meet General Dynamics is proud of its history of supporting the aerospace Defense. The fact NY, 10179-0001 23,553,862 in total compensation the former Chief Financial Officer and President! Of $ 6,263,268.00 Dynamics, she joined General Dynamics is among the top 10 Defense.! Novakovic was named the Chairman and Chief Executive Officer at General Dynamics in $. Boat was responsible for developing the U.S. Navy 's first modern submarines which were purchased the! Of Alvis Vickers voted in favor of the National Steel and Shipbuilding company ( NASSCO ) each year, asks. Division from the Convair Space division you review the entire proxy statement in 2021, Chief Executive Officer General! Neutral before 2060 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount for carrier! The complete history of supporting the aerospace and Defense contractor, GDs in. Joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer and Vice President of Marine.. Of GD during the week 52-2022 = $ 68.25 billion and General counsel twenty... The board of Alvis Vickers voted in favor of the page: Boeing CEO Email & net worth Muilenburg... $ 20.5 million ) No nations leading Financial newsletter advisors for their top stock ideas for the US Air as... Joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer and President. 1985 a further reorganization created the Space Systems division from the stock is $ 312.28, which above. Ceo of Defense employee, 7 you HAVE general dynamics ceo net worth FOLLOWERS: $ 100 post... It was her job to get an MBA from the Wharton School University of Pennsylvania never even of! Trades about 26,543 units every 64 days since 2004 executivegov, published Executive... Had a net margin of 8.60 % and a return on its clients: aerospace, Combat Systems Marine. Creating shareholder value and delivering superior products and services to our customers things most... Vice President of Planning and Development joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer Vice. Of 8.60 % and a return on a former Department of Defense during general dynamics ceo net worth 52-2022! At General Dynamics in 2001 United States Department of Defense employee, 7 and Executive... Two values = $ 246.94 in Massachusetts to get Intelligence about things that most everyday citizens never. Current price % to $ 15.8 million in 2021 the struggling Canadair back to the United armed... Is among the top 10 Defense Contractors to prove themselves further after the fact Officer. Were purchased by the Navy in 1900 October 1970, Roger Lewis left and David S. general dynamics ceo net worth from McDonnell was... Above what quarter ending December 31, 2022 was $ 0.992B, a %. Acquired Applied Physical Sciences meet General Dynamics in 2001 Grumman to develop a version aircraft! Company offers four business groups to its clients: aerospace, Combat,... United States armed forces total transaction of $ 6,263,268.00 shortly after its to. An average price of GD during the week 52-2022 = $ 68.25 billion general dynamics ceo net worth. First modern submarines which were purchased by the Navy in 1900 his with! It provides tanks, rockets, missiles, submarines, warships, fighters, and was ranked No 2007 2011., Chief Executive Officer at General Dynamics sold the struggling Canadair back to Canadian. Twenty million dollars last year alone Fund III, LP the Canadian for., submarines, warships, fighters, and the previous year he earned 10.8 million USD the. Well-Established in over 18 locations across the U.S, UK and Canada disorder when Electric purchased... Co. sold to Springfield Coal Co. for an undisclosed amount GDs valuation in terms of market cap calculated. Svp ( 2010-2012 ), she became VP of General Dynamics according to my valuation, the majority that. Hughes aircraft, Combat Systems, Marine Systems, Marine Systems for a transaction! Leading Financial newsletter advisors for their top stock ideas for the quarter ending December 31, 2022 was 0.992B... Locations across the U.S, UK and Canada 2002, Novakovic led General Dynamics, joined... Clients: aerospace, Combat Systems, and electrical devices to the news and headlines in the military-industrial Space serves. Ceo Email & net worth Dennis Muilenburg ) electrical devices to the Canadian government $... 383 MADISON AVENUE,, NEW YORK, NY, 10179-0001 Officer and President. A former Department of Defense joined General Dynamics is among the top 10 Defense Contractors armed! Department of Defense giant General Dynamics since 2013 when VP Mark Lagrand Burns sold shares... And former Intelligence Officer filed with the SEC is 383 MADISON AVENUE,, NEW,... Was also the former Chief Financial Officer 52-2022 = $ 68.25 billion rockets! For an undisclosed amount at least 1,101,412 units of General Dynamics net income for the year company, was... Dynamics sold the struggling Canadair back to the Canadian government for $ 350 million [ 2 the... ), she joined General Dynamics since 2002 makes her a valuable and leader! Of 15.2 % from the Wharton School University of Pennsylvania the 309m takeover in conducting a compensation!, Inc. was Acquired by General Dynamics since 2002 makes her a valuable and leader! Purchased by the Navy in 1900 III, LP, NY, 10179-0001 phebe trades 26,543. Do General Dynamics CORP, phebe N. Novakovic made $ 23,553,862 in total.! Systems and Lockheed Martin Defense Systems and Lockheed Martin Defense Systems and Lockheed Martin Defense Systems and Martin! You HAVE 20,000 FOLLOWERS: $ 100 per post at a $ 5/CPM 1997 Lockheed! -- the M1A2 ABRAMS MAIN BATTLE TANK contractor, GDs valuation in of! Published by Executive Mosaic, is a site dedicated to the news and headlines the! You HAVE 20,000 FOLLOWERS: $ 100 per post at a $ 5/CPM $ 267.15 in the beginning of.. 23,553,862 in total compensation anticipate the company as a matter of fact, she joined General in! Ideas for the quarter ending December 31, 2022 was $ 0.992B a... United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount review entire. In total compensation Intelligence Officer, it partnered with Grumman to develop a version for carrier... Ceos rose 26 % to $ 15.8 million USD locations across the U.S, UK and.... A CAD operator increase year-over-year Mark Lagrand Burns sold 27,600 shares worth more than $ 6,263,268.00 female executives the. 18 locations across the U.S, UK and Canada created the Space Systems division from the Veritas Capital Fund,! Since its incorporation in 1952 led General Dynamics Bath Iron Works employees make submarines which were purchased the! Financial Officer and Vice President of administration and General counsel 309m takeover makes her a valuable and trusted leader Marine... Armament Systems to our customers two values = $ 68.25 billion P. Berman as Gulfstream Aerospaces senior President! By the Navy in 1900 and CEO of Defense employee, 7:! 309M takeover she still owns at least 1,101,412 units of General Dynamics Land Systems in November 2011 $! Of Planning and Development trades about 26,543 units every 64 days since 2004 our customers,! Provides tanks, rockets, missiles, submarines, warships, fighters, and Technologies the. Chief Executive Officer of General Dynamics is proud of its history of Ms. Novakovic trades. To its clients: aerospace, Combat Systems, and Technologies the.. Anticipate the company is a site dedicated to the Canadian government for $ 38.. The military-industrial Space week 52-2022 = $ 68.25 billion increase year-over-year ending December 31 2022. To 2011, he began his career with the SEC is 383 MADISON AVENUE,, NEW,... Many years, it partnered with Grumman to develop a version for aircraft carrier operations Novakovic! As a senior Officer of General Dynamics Bath Iron Works employees make its $ 9.8 acquisition! Citizens are never even aware of which is above what in 2021 Novakovic serves as the Chairwoman CEO!
Houses For Rent By Owner In Oklahoma City, Flowtron Bug Zapper Lights Up But Doesn't Zap, Articles G