general dynamics ceo net worth
In March the board of Alvis Vickers voted in favor of the 309m takeover. 29: Accenture CEO Julie Sweet ($23.1 million) No. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. Berman has supervised the companys real estate, construction, facilities, risk management, and human resources departments since joining Gulfstream in 1997. 36 (S.D.N.Y. Phebe Novakovic became CEO and Chairman of American aerospace and defense behemoth, General Dynamics Corporation (GD), after the exit of Jay Johnson in 2013. GD CEO Phebes journey with the company began in 2001. However, the company reported its highest number of Gulfstream . [12][13], Hopkins fell seriously ill during 1957 and was eventually replaced by Frank Pace later that year. In the mid-1990s, General Dynamics recommenced its expansion by acquiring Gulfstream Aerospace Corporation, IT product and service companies, combat-vehicle-related companies, and other shipyards, establishing the foundation for the current company. Most recently she exercised 320,260 units of GD stock worth $43,507,321 on 8 August 2022. . (Recommended: Boeing CEO Email & Net Worth Dennis Muilenburg). How much do General Dynamics Bath Iron Works employees make? That's a notable . Valley Systems produced the Stinger surface-to-air missile and the Rolling Airframe Missile (RAM). As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. General Dynamics employed Firat Gezen in 1998. 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. Her career at the company started in 2001. That being said, its not like these individuals are hurting for cash. For the fiscal year 2022, General Dynamics reported net income of US$3.309 billion, with an annual revenue of US$39.407 billion, an increase of 2.44% over the previous fiscal cycle. Rest of the details will be shared soon. The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. Upon graduating high school, she attended college in Massachusetts to get an MBA. 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. 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. The media-shy Novakovic is fond of opera, which was her grandmothers favorite too. [4][5], She joined General Dynamics in 2001. 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. Sold (or bought if negative) in USD CHABRAJA NI CASEY JOHN The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Novakovic, who lived in Italy and Germany at the time of the Cold War, started her career with CIA. Between 1950 and 1958, 1,815 Sabres were built. On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,225,648. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic . Shes certainly made the most of the opportunities that shes been presented, and she continues to do exactly that, even today. However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company. As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. GD built an aircraft production factory in Fort Worth, Texas. This alone is something that many people consider the culmination of a lifelong dream, but that was the first thing she did after graduating. Most recently he sold 20,000 units of MLM stock worth $6,748,000 on 9 March 2021 . Dr. Robert Playter is CEO of Boston Dynamics. 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". General Dynamics net income for the twelve months ending December 31, 2022 was $3.390B, a 4.08% increase year-over-year. [9] Canadair was acquired by Bombardier Inc. in 1986. Roualet joined Chrysler Defense, Inc. (now GD Land Systems) as a quality engineer. Operating margin was 11.5% for the quarter and 10.8% for the full year. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Additionally, he is a vice president at General Dynamics Corporation, the parent company of Gulfstream. [4][5][6], She worked for the Central Intelligence Agency. As senior vice president, planning and development, she gained a strong understanding of our core customers and the global marketplace in which we operate. Her mother, who is proud of her daughters achievements, gives more importance to being a good person first. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. The company is a key supplier of major systems and equipment to the US Department of Defense and international allies, making it one of the worlds largest defense contractors. Boeing CEO Email & Net Worth Dennis Muilenburg. Jan 2021 - Present2 years 3 months. History [ edit] Electric Boat [ edit] General Dynamics traces its ancestry to John Philip Holland 's Holland Torpedo Boat Company. 24: General Dynamics CEO Phebe Novakovic ($23.6 million) No. What Is General Dynamics Worth? The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. GD has been able to withstand the rise of technology, growing competition, and a fast-changing market and customer demand by using these strategies. Prior to this role, he was a managing partner at Jenner & Block LLP for three years (2005-2008), where he concentrated on complex litigation while practicing law. 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). GD and Northrop were awarded prototype contracts. [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. She attributes her success to the fact that she has had the vision to turn her dreams into reality, her willingness to work hard and do what is necessary to succeed and her understanding of what requirements must be met in order for her to do well in the professional world. 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.. This article about a chief executive from the United States is a stub. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. [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. [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. 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. (Photo credit: Official U.S. Navy Imagery) The defense industry is buzzing about the recent elevation of women into senior leadership roles at several first-tier firms, but the biggest leap of all has gotten little attention. In 2016, he was reportedly paid 15.8 million USD, and the previous year he earned 10.8 million USD. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. 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. In 2002, Novakovic joined GD as Vice President of Planning and Development. On average, they anticipate the company's share price to reach $267.15 in the next twelve months. 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. 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." What does this list reflect about the state womens collective power around the world? Phebe Novakovic is 62, she's been the Chairman of the Board and Chief Executive Officer of General Dynamics since 2013. He was also the former Chief Financial Officer and Vice President of the subsidiary of the National Steel and Shipbuilding Company (NASSCO). [26] The sale has been criticized by political opponents because of the Saudi Arabian-led intervention in Yemen. 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]. Garrett by trade is a personal finance freelance writer and journalist. Required fields are marked *. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. Thats more money than most people will ever make throughout their entire lives. 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. 94 in 2022.[3]. Effective 2020, Former Chief Operating Officer Danny Deep took over the President role of Land Systems division at General Dynamics. 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. 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. Before that, from 1997 to 2001, she looked after the United States Department of Defense. Let us learn more about General Dynamics before diving into its board of directors. On average, Phebe trades about 26,543 units every 64 days since 2004. During her last terms as SVP (from 2010 to 2012 . Overseeing the accounting, corporate financial systems, financial reporting, and government finance, he has held a significant position in the companys finance management. Phebe N. Novakovic, Chairman, and Chief Executive Officer. Her father is a Serbian, who moved to the US with only 50 USD on him at the age of 17 years. Cessna was re-sold to Textron in January 1992, the San Diego and Pomona missile production units to General Motors-Hughes Aerospace in May 1992, the Fort Worth aircraft production to Lockheed in March 1993 (a nearby electronics production facility was separately sold to Israeli-based Elbit Systems, marking that company's entry into the US market), and its Space Systems Division to Martin Marietta in 1994. [23] It is currently responsible for delivering the General Dynamics Ajax family of armored vehicles, the Foxhound light protected patrol vehicle and the Morpheus communications system to the UK Ministry of Defence. 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. On a January 26 earnings call, . Sometimes people get agitated when they see how much CEOs make. Jay L Johnson, General Dynamics Corp: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology,. 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. In other General Dynamics news, VP Mark Lagrand Burns sold 27,600 shares of the company's stock in a transaction on Friday, January 27th. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Executive Gov provides you with Free Daily Updates and News Briefings about Articles, Receive the Daily News Briefing And Events Updates Straight to Your Inbox. How Bebe Rexha Achieved a Net Worth of . However at the last minute BAE Systems offered 355m for the company. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. General Dynamics net income for the quarter ending December 31, 2022 was $0.992B, a 4.2% increase year-over-year. You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. [3] $200 per post at $10/CPM. 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. [citation needed]. General Dynamics is a global leader in defense technology, offering cutting-edge innovations in aviation, aerospace, land systems, maritime systems, and more. IMAGE SOURCE: GENERAL DYNAMICS . 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. Billion was born on March 4, 1939, and sadly passed away on February 25, 2023 at the age of 83 years old. Chairman and Chief Executive Officer Phebe N. Novakovic Before she started working at General Dynamics, she worked for the Central Intelligence Agency. Fit in any of these other standard categories reported do not include in. Of GD stock worth $ 6,748,000 on 9 March 2021 most commonly found in the next months! Terms of market cap is calculated to be around 60.6 Billion USD with only 50 USD on him the... 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