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. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. This deal was finalized in June 2004. [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. [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. The General Dynamics that remains will continue to be the Pentagon's sole supplier of Army tanks, Navy submarines and Atlas rocket launchers, with about $3.5 billion in sales -- about one-third. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. In 2003, it purchased the defense divisions of General Motors as well. Phebe attended San Antonio-based Episcopal boarding school. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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,. Information on this page was last updated on 1/27/2023. 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. General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results. That's a notable . Remember, she used to work in intelligence. [2] Biography [ edit] Early life [ edit] The company is well-established in over 18 locations across the U.S, UK and Canada. It provides tanks, rockets, missiles, submarines, warships, fighters, and electrical devices to the United States armed forces. The net worth of GENERAL DYNAMICS for the Week 52-2022 was $68.25 Billion. General Dynamics focuses on creating shareholder value while delivering superior products and services to military, other government and commercial customers. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. 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. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Canadair also produced 200 CF-104 Starfighter supersonic fighter aircraft, a license-built version of the Lockheed F-104. In October 1970, Roger Lewis left and David S. Lewis from McDonnell Douglas was named CEO. For the full year, net earnings were $3.3 billion, or $11.55 per diluted share, on revenue of $38.5 billion. On January 1, former CIA operative [], Bachelor of Arts/Science, Smith College; Master of Business Administration, University of Pennsylvania, The Wharton School. Berman has supervised the companys real estate, construction, facilities, risk management, and human resources departments since joining Gulfstream in 1997. Taiwan has been. 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. 10 Things You Didn't Know about General Dynamics CEO Phebe Novakovic. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. Following this, the company started to rapidly divest its under-performing divisions under CEO William Anders. 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. While she does consider making the list an honor, shes a lot more interested in getting the results that shes looking for. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. As Vice President of Global Operations, Harsh is responsible for successful deployment and roadmap planning of the cutting edge automated Drone deployment solution "DBX". No. In 1985 a further reorganization created the Space Systems Division from the Convair Space division. General Dynamics is proud of its history of supporting the aerospace and defense communities since its incorporation in 1952. [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. Another midseason drama bites the dust at CBS. 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. Convair also developed the Atlas missile, the US's first operational intercontinental ballistic missile. Rest of the details will be shared soon. Number of outstanding shares of GENERAL DYNAMICS = 276382000.00. Singapore, Singapore. 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. He has experience working as an auditor and consultant for many defense industries and public accounting firms. There are no executives at General Dynamics getting paid more. In 2016, he was reportedly paid 15.8 million USD, and the previous year he earned 10.8 million USD. 1982 Formed General Dynamics Land Systems after the acquisition of. . On average, Phebe trades about 26,543 units every 64 days since 2004. [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]. [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. It was up for sale, and Hopkins bought the company for $10 million in 1946. 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. 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. TRD Staff. From there, she went to Smith College, Northampton, where she obtained her degree in government and German. 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. Here are 10 ideas that were selected for our Top Picks 2020 Report. In 2004, General Dynamics bid for the UK company Alvis plc, the leading British manufacturer of armored vehicles. How much do General Dynamics Bath Iron Works employees make? For The World's Most Powerful Women, Is Power In Peril? It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. 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. General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. As Chairman and Chief Executive Officer at GENERAL DYNAMICS CORP, Phebe N. Novakovic made $23,553,862 in total compensation. Steve Ballmer Net Worth. Force Protection, Inc. was acquired by General Dynamics Land Systems in November 2011 for $350 million. The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. 2003 Acquired Datron's Intercontinental Manufacturing Company (IMCO) Unit. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. In 1972, GD bid on the USAF's Lightweight Fighter (LWF) project. 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. In addition, she makes $18,313,200 as Chairman of the Board and Chief Executive Officer at General Dynamics. [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. As a matter of fact, shes worked in various decision-making positions since 2001 and today, she is basically the one in charge. Their GD share price forecasts range from $222.00 to $325.00. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. $140 per post at $7/CPM. While she loves her professional life, shes also been married for a number of years and considers her husband be her rock. 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. General Dynamics net income for the quarter ending December 31, 2022 was $0.992B, a 4.2% increase year-over-year. A few years later, he supervised the companys designers and engineers in the creation of the Astute-class submarine at Electric Boat. Novakovic joined GD in 2002 as Vice President of Planning and Development and later got promoted to Senior Vice President in 2005. We're driven by our endless pursuit of excellence. Her mother, who is proud of her daughters achievements, gives more importance to being a good person first. 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. 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