Last updated: 19 January 2023 at 4:33pm EST. [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. Phebe Novakovic became CEO and Chairman of American aerospace and defense behemoth, General Dynamics Corporation (GD), after the exit of Jay Johnson in 2013. She is one of the few female executives in the military-industrial space. whom Veliotis claimed had promised him the position of chief executive officer. $200 per post at $10/CPM. 1969 - Forced by Federal order to divest itself of Liquid Carbonic Corporation in January; Liquid Carbonic was then purchased by Houston Natural Gas Co. 1976 Canadair sold back to the Canadian government. The most recent insider tranaction occured on January, 27th when VP Mark Lagrand Burns sold 27,600 shares worth more than $6,263,268.00. Shes been in leadership positions at General Dynamics since 2001, 9. Researchers have successfully grown cartilage-bone grafts in the lab that can be used to repair damaged joints. Thats more money than most people will ever make throughout their entire lives. It is now a major supplier of armored vehicles of all types, including the M1 Abrams, LAV 25, Stryker, and a wide variety of vehicles based on these chassis. However at the last minute BAE Systems offered 355m for the company. IMAGE SOURCE: GENERAL DYNAMICS . The median estimate represents a 97.61 . 2002 Acquired German company EWK Eisenwerke Kaiserslautern, and changed its name to General Dynamics European Land Systems-Germany. As Vice President of Global Operations, Harsh is responsible for successful deployment and roadmap planning of the cutting edge automated Drone deployment solution "DBX". 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. 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. The average share price of GD during the week 52-2022 = $246.94. That means that for a number of years, she was an official employee of the Department of Defense. We also aim to spotlight various federal government employees and interview key government executives whose impact resonates beyond their agency. [26] The sale has been criticized by political opponents because of the Saudi Arabian-led intervention in Yemen. Additionally, she is an active member of the Manhattan Board Committee. The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. EBITDA. Jason Aiken works as General Dynamics Senior Vice President and Chief Financial Officer (CFO). You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. 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. . Christopher Marzili is the Executive Vice President in charge of the Information Technology and Mission Systems divisions. Phebe Novakovic Read Edit View history Phebe Novakovic is an American businesswoman and former intelligence officer. 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. 2022 Copyrights ExecutiveGov serves as a news source for the hot topics and issues facing federal government departments and agencies such as Gov 2.0, cybersecurity policy, health IT, green IT and national security. Having divested itself of its aviation holdings, GD concentrated on land and sea products. 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. Phebe N. Novakovic serves as Chairman of the Board, Chief Executive Officer of the Company. Her father is a Serbian, who moved to the US with only 50 USD on him at the age of 17 years. Dr. Robert Playter is CEO of Boston Dynamics. Phebe Novakovic graduated from Smith College in Northampton, Massachusetts in 1979 and received an M.B.A. from the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania in 1988. [39], In September 2020, General Dynamics announced a strategic counter-drone partnership, providing General Dynamics' global network with access to Dedrone's complete drone detection and defeat technology. 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 . 45: Citigroup CEO Jane Fraser ($20.5 million) No. Chief Executive Officer at Boston Dynamics Waltham, Massachusetts, United States 3K followers 500+ connections Join to connect Boston Dynamics Massachusetts Institute of Technology Company. Analysts had expected net income of $976mn, or $3.55 per share. 2011 Acquired Metro Machine Imperial Docks Inc. 2012 Acquired Applied Physical Sciences. A few years later, he supervised the companys designers and engineers in the creation of the Astute-class submarine at Electric Boat. 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,. Before becoming Vice President of General Dynamics in October 2018, he served in a variety of leadership positions. 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. This alone is something that many people consider the culmination of a lifelong dream, but that was the first thing she did after graduating. Operating margin was 11.5% for the quarter and 10.8% for the full year. On average, Phebe trades about 26,543 units every 64 days since 2004. 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. GD's exit from the aviation world was short-lived, and in 1999 the company acquired Gulfstream Aerospace. 2010 Spacecraft development and manufacturing (a business group within the, 2014 Advanced Systems (another business line within Advanced Information Systems) to, General Dynamics Ordnance and Tactical Systems, Mobile Detection and Assessment Response System, General Dynamics Armament and Technical Products, This page was last edited on 11 February 2023, at 20:38. 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. Fourth-quarter net earnings of $992 million, diluted EPS of $3.58, on $10.9 billion in revenue Full-year net earnings of $3.4 billion, diluted EPS of $12.19, on $39.4 billion in revenue Record-high ba. 2. General Dynamics annual net income for 2022 was $3.39B, a 4.08% increase from 2021. Innovation Investing In You Since 2008, we introduced eight new aircraft so you can reach the future, faster. 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. He manages the companys Combat Systems division, which includes Ordinance and Tactical Systems, Land Systems, and European Land Systems. Prior to assuming his current executive role, he served as President of Land Systems from October 2018 to March 2013. Coronavirus Tips Working and Protection, For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following executives on its annual proxy statement to the SEC. On average, they anticipate the company's share price to reach $267.15 in the next twelve months. 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.. In the same year, General Dynamics is among the Top 10 Defense Contractors. Board of Directors in GENERAL DYNAMICS CORP. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. On January 1, former CIA operative [], Bachelor of Arts/Science, Smith College; Master of Business Administration, University of Pennsylvania, The Wharton School. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. She serves as the Chairwoman and Chief Executive Officer of 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. [12][13], Hopkins fell seriously ill during 1957 and was eventually replaced by Frank Pace later that year. She used to be involved in intelligence, 5. In October 2019, Kevin Graney became the President of General Dynamics Electric Boat. [5] She became president and Chief Operation Officer in 2012. [15] Grumman went on to use many of the innovations of the F-111 in the F-14 Tomcat,[6] an aircraft designed solely as a carrier-borne fighter. While she loves her professional life, shes also been married for a number of years and considers her husband be her rock. To contact the CEO over email try [emailprotected]. Through her roles as chairman and chief executive officer, president and chief operating officer, and executive vice president, Marine Systems, she has developed a deep understanding of the companys business operations, growth opportunities, risks and challenges. 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