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. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. Shes a former Department of Defense employee, 7. Sold (or bought if negative) in USD CHABRAJA NI CASEY JOHN $140 per post at $7/CPM. These included Canadair CT-133 Silver Star trainer, the Canadair Argus long-range maritime reconnaissance and transport aircraft, and the Canadair F-86 Sabre. For her, it was just the beginning. [5] [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]. On January 1, former CIA operative [], Bachelor of Arts/Science, Smith College; Master of Business Administration, University of Pennsylvania, The Wharton School. This put her in a position to be successful because it helped her understand exactly what was required. General Dynamics UK's key executives include Chris Bentley and 3 others. That's a notable . Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. [4][5][6], She worked for the Central Intelligence Agency. 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. 2023 Forbes Media LLC. Phebe Novakovic is 62, she's been the Chairman of the Board and Chief Executive Officer of General Dynamics since 2013. 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. 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. Her career at the company started in 2001. With $31.5 billion in annual revenues, General Dynamics ( GD 0.25% ) is one of the . GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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). According to my valuation, the intrinsic value for the stock is $312.28, which is above what . The company is well-established in over 18 locations across the U.S, UK and Canada. Phebe Novakovic is an American businesswoman and former intelligence officer. [4] From 1997 to 2001, she worked for the United States Department of Defense. General Dynamics employs more than 100,000 people worldwide and generated $37.9 billion in revenue in 2020. The work for this was carried out at its new UK headquarters in Oakdale, Wales and the company was renamed General Dynamics UK Limited. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. Property, Plant and Equipment explanation, calculatio . 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. The products and services of General Dynamics are utilized daily to protect people all around the world. It also offers access to a vast array of products and services. That should tell you something about her work ethic. Soon thereafter, Veliotis was indicted by government prosecutors for illegal business practices . 1 month ago - PRNewsWire. Company Info General Dynamics Corp. 11011 Sunset Hills Road Reston Virginia 20190 United States Email Website Map Employees - Sector Defense Equipment/Products Sales or Revenue 39.41 B Industry. Force Protection, Inc. was acquired by General Dynamics Land Systems in November 2011 for $350 million. She is an MBA from the Wharton School University of Pennsylvania. Dividend Income Portfolio. However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company. This article about a chief executive from the United States is a stub. [29][30] Trudeau has since said that while he is critical of Saudi conduct, he cannot simply scrap the deal because "Canada as a country of the rule of law needs to respect its contracts. EBITDA. Shes been in leadership positions at General Dynamics since 2001, 9. She worked as Operations Officer at Central Intelligence Agency (CIA). 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 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. This deal was finalized in June 2004. 2011 Acquired Vangent, Inc. from The Veritas Capital Fund III, LP. As President of General Dynamics Mission Systems, Chris Brady supervises the whole division. 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]. General Dynamicss culture encourages innovation, agility, and diversity. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. He was conversant with 6 languages except English and worked for the US Air Force as an Intelligence Officer. In 2005, she was promoted to Senior Vice President. It is also planning to create footprint in information-technology operation through acquisitions. 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. Remember, she used to work in intelligence. In October 1970, Roger Lewis left and David S. Lewis from McDonnell Douglas was named CEO. General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results. 8 equities research analysts have issued twelve-month price objectives for General Dynamics' shares. [102] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. The average share price of GD during the week 52-2022 = $246.94. Phebes husband David Morrison took retirement from his job of Chief Lobbyist at Boeing and went to study Divinity at Princeton Theological Seminary. In 2002, she became VP of General Dynamics. 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. [3] The World's Most Powerful Women In Business 2018: Driving Change From The Corner Office, The 19 Most Powerful Women In Business 2017: CEOs And More With Ambitious Goals, The 14 New Faces On The 2013 Forbes Most Powerful Women List, General Dynamics Begins 2013 With New Leader, Changing Business Mix, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. In 1985 a further reorganization created the Space Systems Division from the Convair Space division. Amy Gilliland is president of General Dynamics Information Technology (GDIT), a business unit of General Dynamics Corporation. The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. GD CEO Phebes journey with the company began in 2001. TRD Staff. 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. General Dynamics (STU:GDX) Property, Plant and Equipment as of today (February 28, 2023) is 5,570 Mil. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. Steve Ballmer Net Worth. See M Amy Gilliland's compensation, career history, education, & memberships. [99], In 2021, General Dynamics's U.S. workforce was 21% veterans, 23% female, and 27% people of color. 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. In 2002, Novakovic joined GD as Vice President of Planning and Development. [26] The sale has been criticized by political opponents because of the Saudi Arabian-led intervention in Yemen. It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. Your email address will not be published. It is a preferred partner in electric power, precision weapons, missile defense, and munitions. Number of outstanding shares of GENERAL DYNAMICS = 276382000.00. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. With over 10 years experience he's covered businesses, CEOs, and investments. Graney began his shipbuilding career in 1995, specializing in the high-speed turbine generator set for the Virginia-class submarine. 94 in 2022.[3]. 4. [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. History [ edit] Electric Boat [ edit] General Dynamics traces its ancestry to John Philip Holland 's Holland Torpedo Boat Company. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. That applies in this case as well. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Operating margin was 11.5% for the quarter and 10.8% for the full year. Chairman and Chief Executive Officer Phebe N. Novakovic Deciding that she wanted to get more education about business, she enrolled in a special business college in Pennsylvania after achieving her MBA in Massachusetts. Mark Sutton is the Chief Executive Officer of International Paper. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic . [40], In December 2020, the board of directors for General Dynamics announced a regular quarterly dividend of $1.10, payable on February 5, 2021. Executive Mosaic As senior vice president, planning and development, she gained a strong understanding of our core customers and the global marketplace in which we operate. In short, we have a long way to go. [4][5], She joined General Dynamics in 2001. Thats more money than most people will ever make throughout their entire lives. Phebe N. Novakovic, director since 2012. 2000 Acquired Saco Defense from New Colt Holding Corp. which owned it since 1998. . Thorough reviews have been conducted to assure this data accurately reflects disclosures. "[31] On 30 January 2019, CEO Phebe Novakovic warned investors that the matter had "significantly impacted" the company's cash flow because Saudi Arabia was nearly $2 billion in arrears on its payments. On average, Phebe trades about 26,543 units every 64 days since 2004. On a January 26 earnings call, . In 1986 the Pomona division (which mainly produced the Standard Missile and the Phalanx CIWS for the navy) was split up, creating the Valley Systems Division. [25], In 2014, the government of Canada announced it had selected the General Dynamics Land Systems subsidiary in London, Ontario, to produce Light Armoured Vehicles for Saudi Arabia as part of a $10 billion deal with the Canadian Commercial Corporation. CEO Phebe Novakovic replied, . General Dynamics is a notable aerospace and defense company with headquarters in Reston, Virginia, United States. 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]. General Dynamics primarily provides the government with defense and military equipment and services. 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. While we. 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. Dynamics ( STU: GDX ) Property, Plant and Equipment as of today ( February,. 2002, Novakovic joined GD as Vice President of General Dynamics in 2001 CORP... $ 350 million s key executives include Chris Bentley and 3 others culture innovation! Years experience he 's covered businesses, CEOs, and diversity Roger Lewis left and David Lewis! 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