The lower-priced F-15 took a significant portion of the fighter market away from General Dynamics, whose Fort Worth Division began producing the F-16 in 1978. . [2] The company is a Fortune 100 company, and was ranked No. [6], Canadair was owned by the Canadian government and was suffering from the same post-war malaise as Electric Boat. Mark Sutton is the Chief Executive Officer of International Paper. Below is a breakdown of the former calculation. [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. 94 in 2022. Phebe attended San Antonio-based Episcopal boarding school. As the pandemic persists, labor shortages in transportation and other areas of the food industry could prove to be a problem. The remaining Convair Aircraft Structure unit was sold to McDonnell Douglas in 1994. Phebe Novakovic is 62, she's been the Chairman of the Board and Chief Executive Officer of General Dynamics since 2013. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. GENERAL DYNAMICS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Disclamer: the number about General Dynamics's Instagram salary income and General Dynamics's Instagram net worth are just estimation based on publicly available information about Instagram's monetization programs, it is by no . The company emphasizes excellence in program management and continual improvement in all of its operations. 8 equities research analysts have issued twelve-month price objectives for General Dynamics' shares. 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. Phebe N. Novakovic, Chairman, and Chief Executive Officer. To contact the CEO over email try [emailprotected]. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. It also offers access to a vast array of products and services. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. [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]. He also served as CEO until September 2014. [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). 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. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Her career at the company started in 2001. "General Dynamics Board Declares Dividend", "General Dynamics Unit Gets $4B Army Contract to Produce Modern Battle Tanks", "General Dynamics Electric Boat - History", "BOARDS APPROVE CONVAIR MERGER; General Dynamics to Step Up as Vast Defense Complex if Stockholders Concur", "Liquid Carbonic Industries Corporation records", "$450 Million Dynamics Deal For Two Units", "General Dynamics Completes Acquisition of Saco Defense Corp", "Primex Technologies acquired by General Dynamics", "General Dynamics Agrees to Buy Galaxy Aerospace for $330 Million", "In Brief: General Dynamics completes IMCO buy", "General Dynamics finishes buy of Spectrum Astro", "General Dynamics acquires Tadpole Computer", "General Dynamics acquires Mediaware International", "HLTH Announces Agreement to Sell ViPS Unit to General Dynamics for $225 Million", "General Dynamics to Boost Gulfstream With Jet Aviation Purchase", "General Dynamics Completes Acquisition of AxleTech International", "General Dynamics to Acquire Arlington Contractor for Nearly $1 Billion", General Dynamics acquires NICTA start-up Open Kernel Labs, "General Dynamics Acquires Applied Physical Sciences Corp", "General Dynamics Mission Systems Acquires Bluefin Robotics", "General Dynamics buying CSRA for about $6.8 billion", "General Dynamics to buy government IT contractor CSRA for $6.8 billion", "General Dynamics Buying CSRA for $6.8 Billion", "ECC | Liquid Carbonic Industries Corporation records", General Dynamics Sells a Third San Diego Unit, "General Dynamics Sells Atlas Rocket Unit", "Convair Plant in San Diego to Close by 1996: Manufacturing: Move will end 1,900 jobs and the city's long tradition of building planes", "Material Service sold to Hanson; Lester Crown remains chair", Crown II Mine Closing; Freeman Coal Sold to New Company, Orbital buys General Dynamics' spacecraft business, "MDA completes strategic capability acquisition in the United States", General Dynamics Robotic Systems Autonomous Navigation System (ANS), General Dynamics Robotic Systems Mobile Detection Assessment and Response System (MDARS), General Dynamics Robotic Systems Unmanned Surface Vehicles (USV), General Dynamics Armament and Technical Products (GDATP), "General Dynamics Ordnance and Tactical Systems", "General Dynamics - Corporate Governance - Board of Directors", "General Dynamics Financial Statements 2005-2022 | GD", "General Dynamics - 2021 Corporate Sustainability Report", "General Dynamics - 2020 Corporate Sustainability Report", "US Department of Labor announces recipients of 2021 HIRE Vets Medallion Awards | U.S. Department of Labor", "General Dynamics Corporation - ResponsibilityReports.com", Patents owned by General Dynamics Corporation, General Dynamics European Land Systems (Gdels.com) site, https://en.wikipedia.org/w/index.php?title=General_Dynamics&oldid=1138821574, Director and Chair, Nominating and Corporate Governance Committee, Director and Chair, Sustainability Committee, Director and Chair, Finance and Benefit Plans Committee, Director and Chair, Compensation Committee. She is one of the few female executives in the military-industrial space. Both units were recombined into one entity in 1992. Board of Directors in GENERAL DYNAMICS CORP. Between 1950 and 1958, 1,815 Sabres were built. Most recently she exercised 320,260 units of GD stock worth $43,507,321 on 8 August 2022. [5] [5] She has served as the Chairman of the Board and Chief Executive Officer of General Dynamics since January 2013. [11] Meanwhile, John Naish succeeded Joseph McNarney as president of Convair. 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 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 . As of 2018, she is listed as the world's 25th most powerful woman in business by Forbes. [22] As of 2020[update], it comprises two business units: General Dynamics Land Systems - UK and General Dynamics Mission Systems - UK and operates in eight sites across the United Kingdom. In 2002, she became VP of General Dynamics. M Amy Gilliland is President at General Dynamics Information Technology. [2], Phebe Novakovic (Serbian Cyrillic: [citation needed]) is of Serbian descent. Your email address will not be published. Number of outstanding shares of GENERAL DYNAMICS = 276382000.00. Good news, investors! He was also the former Chief Financial Officer and Vice President of the subsidiary of the National Steel and Shipbuilding Company (NASSCO). 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. From 2005 to 2010, she led Planning and Development team of the company as SVP. As senior vice president, planning and development, she gained a strong understanding of our core customers and the global marketplace in which we operate. General Dynamics has $30.9 billion in sales as of 2017[95] primarily military, but also civilian with its Gulfstream Aerospace unit and conventional shipbuilding and repair with its National Steel and Shipbuilding subsidiary. The board decided to build all future planes in Fort Worth, ending plane production at Convair's original plant in San Diego but continuing with space and missile development there. According to my valuation, the intrinsic value for the stock is $312.28, which is above what . The largest trade she's ever made was exercising 733,000 units of General Dynamics stock on 21 June 2019 worth over $49,624,100. General Dynamics executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Overseeing the accounting, corporate financial systems, financial reporting, and government finance, he has held a significant position in the companys finance management. 94 in 2022.[3]. Before she started working at General Dynamics, she worked for the Central Intelligence Agency. The most active insiders traders include Nicholas D Chabraja, Mary T Barra, and Phebe N Novakovic. 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 . Phebe's mailing address filed with the SEC is 383 MADISON AVENUE, , NEW YORK, NY, 10179-0001. 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]. Phebe N. Novakovic serves as Chairman of the Board, Chief Executive Officer of the Company. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. [2] Biography [ edit] Early life [ edit] 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. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. According to our data, General Dynamics Corporation has a market capitalization of US$54b, and paid its CEO total annual compensation worth US$21m over the year to December 2018. 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." GD built an aircraft production factory in Fort Worth, Texas. [3] Researchers have successfully grown cartilage-bone grafts in the lab that can be used to repair damaged joints. 64: Duke Energy CEO. The US Department of Labor awarded the company the 2021 HIRE Vets Gold Award. Her mother, who is proud of her daughters achievements, gives more importance to being a good person first. All proxy statements are public filings made available to the general public by the SEC. 2011 Acquired Metro Machine Imperial Docks Inc. 2012 Acquired Applied Physical Sciences. In 1983, he began his career with the company as a CAD operator. 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. The company is well-established in over 18 locations across the U.S, UK and Canada. Jan 2021 - Present2 years 3 months. Before he joined the company in 2002, Jason W. Aiken was an audit manager at Arthur Andersen LLP in Washington, D.C. How Bebe Rexha Achieved a Net Worth of . Upon graduating high school, she attended college in Massachusetts to get an MBA. As part of this role, Brady monitors the business units financial and operational health. Following this, the company started to rapidly divest its under-performing divisions under CEO William Anders. Currently, the Chairman and Chief Executive Officer of the company, Novakovic has served General Dynamics Corporation as President and COO since 2012. Previously, as Chief Operating Officer, he spearheaded Boston Dynamics' entrance into logistics automation with the development. 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. 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. The 19 business leaders on Forbes annual list of the Most Powerful Women in the World are driving their companies through social and technological changes such as consumers adopting healthier habits and nations setting ambitious goals for renewable energy. 11 ] Meanwhile, John Naish succeeded Joseph McNarney as President and since! D Chabraja, Mary T general dynamics ceo net worth, and Chief Executive Officer and was No. Statesman of Aviation Award 6 ], phebe Novakovic ( Serbian Cyrillic: [ needed! 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