In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. On this Wikipedia the language links are at the top of the page across from the article title. 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). The information shown here is a reporting of information included in the company's proxy statement. 2002 Acquired German company EWK Eisenwerke Kaiserslautern, and changed its name to General Dynamics European Land Systems-Germany. GD has pulled out of the bidding for several contracts, including the $30 billion to $40 billion U.S. Air Force T-X trainer program, which Novakovic and her team decided were either out of their. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following board members on its annual proxy statement to the SEC. GD and Northrop were awarded prototype contracts. Since GD lacked experience designing naval aircraft, it partnered with Grumman to develop a version for aircraft carrier operations. 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. [33], General Dynamics has been accused by groups such as Code Pink and Green America of "making money from human suffering by profiting off the migrant children held at U.S. detention camps"[34] due to its IT services contracts with the Department of Health and Human Services' Office of Refugee Resettlement, the government agency that operates shelters for unaccompanied children to include those separated from their families as part of the Trump administration family separation policy. 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. Forbes' annual list of the World's Most Powerful Women boasts 27 business leaders, all paving the way for more female executives to effect change from the C-suite. In 1976, General Dynamics sold the struggling Canadair back to the Canadian government for $38 million. This put her in a position to be successful because it helped her understand exactly what was required. 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. Integrity Confirming Our Commitment Our people make the difference. Ellison's net worth makes him one of the richest people in the world behind other tycoons like Jeff Bezos. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. 1982 Formed General Dynamics Land Systems after the acquisition of. Analysts had expected net income of $976mn, or $3.55 per share. CEO Buys after Price Drop > 20%. [2] The company is a Fortune 100 company, and was ranked No. 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. General Dynamicss culture encourages innovation, agility, and diversity. As a matter of fact, shes worked in various decision-making positions since 2001 and today, she is basically the one in charge. GENERAL DYNAMICS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Before he joined the company in 2002, Jason W. Aiken was an audit manager at Arthur Andersen LLP in Washington, D.C. Dr. Robert Playter is CEO of Boston Dynamics. GD purchased Chrysler's defense divisions in 1982, renaming them General Dynamics Land Systems. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. On a January 26 earnings call, . He manages the companys Combat Systems division, which includes Ordinance and Tactical Systems, Land Systems, and European Land Systems. General Dynamics is committed to delivering exceptional products and services to its customers and creating value for its shareholders by focusing on operational excellence and continuous improvement. [11] The sale was approved by government oversight with the provision that GD would continue to operate out of Air Force Plant 4 in Fort Worth, Texas. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. Chicago industrialist Henry Crown became the company's largest shareholder and merged his Material Service Corporation with GD in 1959. 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. Required fields are marked *. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. (To get more details on her email address, age, and net worth, keep reading the wiki). GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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) About 85.96% of company stock is under the ownership of institutional investors, like Capital Research Global Investors, Vanguard Group Inc., Longview Asset Management, LLC., etc. EBITDA. . [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. The products and services of General Dynamics are utilized daily to protect people all around the world. Each year, MoneyShow asks the nations leading financial newsletter advisors for their top stock ideas for the year. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. That's a notable . As part of this role, Brady monitors the business units financial and operational health. As of 8 August 2022 she still owns at least 1,101,412 units of General Dynamics stock. 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 Since 2017, Kimberly Kuryea has held the position of Senior Vice President of General Dynamics Corporation Human Resources and Administration. This was similar to the 9% in the third quarter, and was down from 9.9% in the . Sign Up Now! [102] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support. [3] Following the completion of the sale, the vice president now owns 56,909 shares in the company, valued at approximately $12,914,359.37. At the end of 2021, ZAI was the 4th largest P&C . Jan 2021 - Present2 years 3 months. [32], In 2018, General Dynamics acquired information technology services giant CSRA for $9.7 billion, and merged it with GDIT. 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. The chairman of General Dynamics Corp. received a pay package last year valued at $9.35 million during his first year as chief executive of the giant defense contractor, according to company. 1997 Acquired Lockheed Martin Defense Systems and Lockheed Martin Armament Systems. Phebes parents reside in Villanova, Pennsylvania. 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." 8 equities research analysts have issued twelve-month price objectives for General Dynamics' shares. Mark Roualet has served as Executive Vice President of General Dynamics since March 2013. [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]. When she decided to exit the Central Intelligence Agency, she went to work for General Dynamics and it didnt take her long to find herself in a position of leadership. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. 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. No. Jason Aiken works as General Dynamics Senior Vice President and Chief Financial Officer (CFO). General Dynamics, meanwhile, has noted that past tensions have increased demand for the company's products. Upon graduating high school, she attended college in Massachusetts to get an MBA. 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. Chief Executive Officer (CEO) & President Director at Zurich Asuransi Indonesia. Her career at the company started in 2001. The company recovered, then fell back into the same struggles. 45: Citigroup CEO Jane Fraser ($20.5 million) No. 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. [12][13], Hopkins fell seriously ill during 1957 and was eventually replaced by Frank Pace later that year. 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. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. 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. Heres an overview of the leadership team at General Dynamics Corporation. IBM is acquiring Instana, an applications performance management startup. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! Prior to assuming his current executive role, he served as President of Land Systems from October 2018 to March 2013. 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. Boeing CEO Email & Net Worth Dennis Muilenburg. He also served as CEO until September 2014. [5] In 1899, Isaac Rice bought the company from Holland and renamed it Electric Boat Company. For The World's Most Powerful Women, Is Power In Peril? Novakovic currently serves as a director of Abbott Laboratories. [4][5][6], She worked for the Central Intelligence Agency. 2023 Forbes Media LLC. Before becoming Vice President of General Dynamics in October 2018, he served in a variety of leadership 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. 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. Both units were recombined into one entity in 1992. Their median pay for Fortune 500 female CEOs rose 26% to $15.8 million in 2021. He represented the state's 13th district in the House of Representatives from 1993 to 1997. 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. Executive Mosaic For information about the General Dynamics Board of Directors and our commitment to good corporate governance, visit our Investors hub. GD CEO Phebes journey with the company began in 2001. General Dynamics employed Firat Gezen in 1998. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic . It was up for sale, and Hopkins bought the company for $10 million in 1946. 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. Video games are big business. From 2007 to 2011, he joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer. She is one of the few female executives in the military-industrial space. General Dynamics focuses on creating shareholder value while delivering superior products and services to military, other government and commercial customers. 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 In 2020 she was appointed a director of J. P. Morgan Chase.[1]. The record price paid online for a painting has increased tenfold this year, and with a series of eye-catching art fairs and auctions over the next couple of months, it could be broken yet again. Below is a breakdown of the former calculation. [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. Previously, as Chief Operating Officer, he spearheaded Boston Dynamics' entrance into logistics automation with the development. Property, Plant and Equipment explanation, calculatio . [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. ) No 13 ], Hopkins fell seriously ill during 1957 and was ranked No are filed with... 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