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In addition, she makes $18,313,200 as Chairman of the Board and Chief Executive Officer at General Dynamics. In 2005, she was promoted to Senior Vice President. 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]. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 94 in 2022. [99], In 2021, General Dynamics's U.S. workforce was 21% veterans, 23% female, and 27% people of color. [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. As a matter of fact, she has managed to do things that most people can only dream of doing. Insiders at General Dynamics own 1.5% of the company. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. Her career at the company started in 2001. 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. Before that, from 1997 to 2001, she looked after the United States Department of Defense. 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]. [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. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. She worked as Operations Officer at Central Intelligence Agency (CIA). Phebe Novakovic graduated from Smith College in Northampton, Massachusetts in 1979 and received an M.B.A. from the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania in 1988. 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). Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. Let us learn more about General Dynamics before diving into its board of directors. Phebe Novakovic became CEO and Chairman of American aerospace and defense behemoth, General Dynamics Corporation (GD), after the exit of Jay Johnson in 2013. Phebe Novakovic is 62, she's been the Chairman of the Board and Chief Executive Officer of General Dynamics since 2013. Henry Crown, still GD's largest shareholder, died on 15 August 1990. 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. Under his leadership, Boston Dynamics is transforming its world-leading robotics R&D into an industry-leading commercial organization with its first robot offering, Spot. Remember, she used to work in intelligence. Thorough reviews have been conducted to assure this data accurately reflects disclosures. It was up for sale, and Hopkins bought the company for $10 million in 1946. Most recently he sold 20,000 units of MLM stock worth $6,748,000 on 9 March 2021 . That applies in this case as well. GENERAL DYNAMICS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. [43], Electric Boat was established in 1899. 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. Phebe Novakovic is a powerful woman, there is simply no doubt about that. The company recovered, then fell back into the same struggles. The World's Most Powerful Women In Business 2018: Driving Change From The Corner Office, The 19 Most Powerful Women In Business 2017: CEOs And More With Ambitious Goals, The 14 New Faces On The 2013 Forbes Most Powerful Women List, General Dynamics Begins 2013 With New Leader, Changing Business Mix, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. GD built an aircraft production factory in Fort Worth, Texas. It organized its own version of Lockheed's Skunk Works, the Advanced Concepts Laboratory, and responded with a new aircraft design incorporating advanced technologies. 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount. How much do General Dynamics Bath Iron Works employees make? 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. From 2005 to 2010, she led Planning and Development team of the company as SVP. He was also the former Chief Financial Officer and Vice President of the subsidiary of the National Steel and Shipbuilding Company (NASSCO). 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. Operating margin was 11.5% for the quarter and 10.8% for the full year. Fourth-quarter net earnings of $992 million, diluted EPS of $3.58, on $10.9 billion in revenue Full-year net earnings of $3.4 billion, diluted EPS of $12.19, on $39.4 billion in revenue Record-high ba. Additionally, she is an active member of the Manhattan Board Committee. [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. 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. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. While she does consider making the list an honor, shes a lot more interested in getting the results that shes looking for. Phebe Novakovic officially assumed the position of Chairman and Chief Executive Officer of General Dynamics in the beginning of 2013. According to her, she wouldnt be able to do the things she does if it werent for him and the support that he provides. GD and Northrop were awarded prototype contracts. Good news, investors! [11] Meanwhile, John Naish succeeded Joseph McNarney as president of Convair. General Dynamics is still a bargain right now. 2023 Forbes Media LLC. Shes a former Department of Defense employee, 7. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic. In May 1965, GD reorganized into 12 operating divisions based on product lines. 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. Phebe N. Novakovic, Chairman, and Chief Executive Officer. 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". 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. 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. Marzili guided General Dynamics to substantial military contracts with the Navy and Marine Corps, including a $208 million five-year contract for amplifier and radio systems and a $104 million contract for the development of control and command systems, respectively. 1 month ago - PRNewsWire. Additionally, he is a vice president at General Dynamics Corporation, the parent company of Gulfstream. 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 1985, GD also acquired Cessna. For many years, it was her job to get intelligence about things that most everyday citizens are never even aware of. The GD unit involved, based in Glen Cove, New York, closed in 2004. The oldest executive at General Dynamics Corp. is WilliamOsborn, 72, who is the Independent Director. 1993 Fort Worth Division, a producer of fixed-wing military aircraft, was sold to, 1993 Space Systems Division was sold to. Upon graduation, she attended another college in Pennsylvania, 6. 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. [32], In 2018, General Dynamics acquired information technology services giant CSRA for $9.7 billion, and merged it with GDIT. Chief Executive Officer (CEO) & President Director at Zurich Asuransi Indonesia. You may also find the annual proxy statement by going directly to the company's website. While we. [6], Canadair was owned by the Canadian government and was suffering from the same post-war malaise as Electric Boat. 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. 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. [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 Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. General Dynamics (STU:GDX) Property, Plant and Equipment as of today (February 28, 2023) is 5,570 Mil. Phebes parents reside in Villanova, Pennsylvania. 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 . All proxy statements are public filings made available to the general public by the SEC. [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). General Dynamics is a global leader in defense technology, offering cutting-edge innovations in aviation, aerospace, land systems, maritime systems, and more. M Amy Gilliland is President at General Dynamics Information Technology. 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. Video games are big business. 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 is well-established in over 18 locations across the U.S, UK and Canada. 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. He had previously served on the board, but resigned and divested before becoming Secretary of Defense. You can help Wikipedia by expanding it. In March the board of Alvis Vickers voted in favor of the 309m takeover. On this Wikipedia the language links are at the top of the page across from the article title. With over 10 years experience he's covered businesses, CEOs, and investments. whom Veliotis claimed had promised him the position of chief executive officer. What does this list reflect about the state womens collective power around the world? Overall, General Dynamics had profits of $992mn in the fourth quarter, or $3.58 share, on revenue of $10.9bn. [citation needed]. 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. 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