[11] Meanwhile, John Naish succeeded Joseph McNarney as president of Convair. Since 2017, Kimberly Kuryea has held the position of Senior Vice President of General Dynamics Corporation Human Resources and Administration. You may also find the annual proxy statement by going directly to the company's website. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. 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. The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. She worked as Operations Officer at Central Intelligence Agency (CIA). 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]. We're driven by our endless pursuit of excellence. 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. Operating margin was 11.5% for the quarter and 10.8% for the full year. [40], In December 2020, the board of directors for General Dynamics announced a regular quarterly dividend of $1.10, payable on February 5, 2021. Despite having no engineering background and no long-running relationship with the company, she made it to the position of CEO at the defense company. Before that, from 1997 to 2001, she looked after the United States Department of Defense. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. 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. In the same year, General Dynamics is among the Top 10 Defense Contractors. Shes been in leadership positions at General Dynamics since 2001, 9. 4. 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. GD purchased Chrysler's defense divisions in 1982, renaming them General Dynamics Land Systems. Since GD lacked experience designing naval aircraft, it partnered with Grumman to develop a version for aircraft carrier operations. [2] Biography [ edit] Early life [ edit] 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. In October 1970, Roger Lewis left and David S. Lewis from McDonnell Douglas was named CEO. 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). Number of outstanding shares of GENERAL DYNAMICS = 276382000.00. GD's exit from the aviation world was short-lived, and in 1999 the company acquired Gulfstream Aerospace. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. [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 charts on this page feature a breakdown of the total annual pay for the top executives at GENERAL DYNAMICS CORP as reported in their proxy statements. GD's F-111 program was winding down, and the company needed a new aircraft contract. Defense spending increased with the onset of the Cold War, and Canadair went on to win many Canadian military contracts for the Royal Canadian Air Force and became a major aerospace company. 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. 2023 Forbes Media LLC. All Rights Reserved. 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. As a matter of fact, shes worked in various decision-making positions since 2001 and today, she is basically the one in charge. 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. Rest of the details will be shared soon. On average, Phebe trades about 26,543 units every 64 days since 2004. 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. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. All proxy statements are public filings made available to the general public by the SEC. How Bebe Rexha Achieved a Net Worth of . Phebe N. Novakovic, Chairman, and Chief Executive Officer. [12][13], Hopkins fell seriously ill during 1957 and was eventually replaced by Frank Pace later that year. 36 (S.D.N.Y. [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 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. Read about how we use cookies and how you can control them on our Privacy Policy. The factory alone was worth more than $22 million, according to the Canadian government's calculations,[6] excluding the value of the remaining contracts for planes or spare parts. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Analysts had expected net income of $976mn, or $3.55 per share. 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 The 28 analysts offering price forecasts for General Dynamics have a median target of 236.50, with a high estimate of 298.00 and a low estimate of 163.00. That being said, its not like these individuals are hurting for cash. This suggests a possible upside of 15.2% from the stock's current price. Shes been working hard to make a name for herself ever since she graduated from college and shes always had her eyes set on her goals. For her, it was just the beginning. $80 Billion. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. Having divested itself of its aviation holdings, GD concentrated on land and sea products. Mark Sutton is the Chief Executive Officer of International Paper. Let us learn more about General Dynamics before diving into its board of directors. In May 1965, GD reorganized into 12 operating divisions based on product lines. [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. 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. We also aim to spotlight various federal government employees and interview key government executives whose impact resonates beyond their agency. In 1970, the board brought in McDonnell Douglas president Dave Lewis (no relation) as chairman and CEO, who served until retiring in 1985.[6]. In addition, she makes $18,313,200 as Chairman of the Board and Chief Executive Officer at General Dynamics. [citation needed]. 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. Chief Executive Officer (CEO) & President Director at Zurich Asuransi Indonesia. 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. [26] The sale has been criticized by political opponents because of the Saudi Arabian-led intervention in Yemen. Their GD share price forecasts range from $222.00 to $325.00. 1982 Formed General Dynamics Land Systems after the acquisition of. General Dynamics focuses on creating shareholder value while delivering superior products and services to military, other government and commercial customers. 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. Phebe Novakovic has served as chairwoman and CEO of defense giant General Dynamics since 2013. [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. During her last terms as SVP (from 2010 to 2012 . For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following board members on its annual proxy statement to the SEC. General Dynamics' executive leadership is committed to creating shareholder value and delivering superior products and services to our customers. 45: Citigroup CEO Jane Fraser ($20.5 million) No. In 2002, Novakovic joined GD as Vice President of Planning and Development. Before she started working at General Dynamics, she worked for the Central Intelligence Agency. Mark Roualet has served as Executive Vice President of General Dynamics since March 2013. 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. The net worth of GENERAL DYNAMICS for the Week 52-2022 was $68.25 Billion. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. General Dynamics net income for the quarter ending December 31, 2022 was $0.992B, a 4.2% increase year-over-year. [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. For information about the General Dynamics Board of Directors and our commitment to good corporate governance, visit our Investors hub. General Dynamics annual net income for 2022 was $3.39B, a 4.08% increase from 2021. That means that for a number of years, she was an official employee of the Department of Defense. [15], Frank Pace retired under pressure in 1962 and Roger Lewis, former Assistant Secretary of the Air Force and Pan American Airways CEO, was brought in as CEO. According to the magazine, she is the 48th most powerful woman in the world. 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. 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. Forbes listed her among the most powerful women in the world in 2018. While she loves her professional life, shes also been married for a number of years and considers her husband be her rock. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic. The film traces her beginnings in the 2000s, her mistakes and the drive to create her own brand and business. Garrett by trade is a personal finance freelance writer and journalist. H3 Dynamics Holdings. [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). Remember, she used to work in intelligence. She used to be involved in intelligence, 5. From there, she went to Smith College, Northampton, where she obtained her degree in government and German. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. That should tell you something about her work ethic. Jan 2021 - Present2 years 3 months. Phebe Novakovic is an American businesswoman and former intelligence officer. Ms. Novakovics current service as a public company director provides her with a valuable perspective on corporate governance matters and the roles and responsibilities of a public company board. General Dynamics is still a bargain right now. 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. This also translates into the EPS and revenue expectations with GD currently expected to deliver EPS growth of 7.5% in 2022 and 10.9% in 2023 compared to that of LMT coming in at 3.9% and 4.7% . [3] How much do General Dynamics Bath Iron Works employees make? In short, we have a long way to go. 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. [102] Independent research published by American Association of People with Disabilities (AAPD), U.S. Department of Labor, Military Times, U.S. Veterans Magazine, Professional Women's Magazine, Forbes, and Fortune Magazine selected General Dynamics as a top employer. 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 . This was similar to the 9% in the third quarter, and was down from 9.9% in the . There are 9 older and 20 younger executives at General Dynamics. Thats more money than most people will ever make throughout their entire lives. As of 8 August 2022 she still owns at least 1,101,412 units of General Dynamics stock. [2], Phebe Novakovic (Serbian Cyrillic: [citation needed]) is of Serbian descent. Before he joined the company in 2002, Jason W. Aiken was an audit manager at Arthur Andersen LLP in Washington, D.C. Jason Aiken works as General Dynamics Senior Vice President and Chief Financial Officer (CFO). That applies in this case as well. General Dynamics purchased Liquid Carbonic Corporation in September 1957 and controlled it as a wholly owned subsidiary until a Federal antitrust ruling required its sale to shareholders in January 1969, being bought later that month by Houston Natural Gas Company. In 2002, she became VP of General Dynamics. Harsh has successfully delivered niche projects for customized requirements in the Defense . Also aim to spotlight various federal government as the Chairwoman and Chief Executive Officer ( CEO ) is Novakovic! Novakovic ( Serbian Cyrillic: [ citation needed ] ) is of descent... Income of $ 976mn, or $ 3.55 per share 18,313,200 as Chairman of the general dynamics ceo net worth. Public by the SEC of 18.93 % and a net margin of 8.60.. 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