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. Let us learn more about General Dynamics before diving into its board of directors. 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. Board of Directors in GENERAL DYNAMICS CORP. This deal was finalized in June 2004. . The media-shy Novakovic is fond of opera, which was her grandmothers favorite too. In 2020, her total compensation reportedly was around 19 million USD. 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. Analysts had expected net income of $976mn, or $3.55 per share. The oldest executive at General Dynamics Corp. is WilliamOsborn, 72, who is the Independent Director. (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. The remaining Convair Aircraft Structure unit was sold to McDonnell Douglas in 1994. This report is not for commercial use. These included Canadair CT-133 Silver Star trainer, the Canadair Argus long-range maritime reconnaissance and transport aircraft, and the Canadair F-86 Sabre. GENERAL DYNAMICS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Heres an overview of the leadership team at General Dynamics Corporation. Phebe Novakovic is an American businesswoman and former intelligence officer. [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]. 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. 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. Novakovic joined GD in 2002 as Vice President of Planning and Development and later got promoted to Senior Vice President in 2005. [41][42], On December 26, 2020, General Dynamics confirmed that their business division General Dynamics Land Systems was awarded a $4.6 billion contract by the U.S. Army for M1A2 SEPv3 Abrams main battle tanks. 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. [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. You may also find the annual proxy statement by going directly to the company's website. General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results. 10 Things You Didn't Know about General Dynamics CEO Phebe Novakovic. 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. 29: Accenture CEO Julie Sweet ($23.1 million) No. See M Amy Gilliland's compensation, career history, education, & memberships. The GD unit involved, based in Glen Cove, New York, closed in 2004. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. It organized its own version of Lockheed's Skunk Works, the Advanced Concepts Laboratory, and responded with a new aircraft design incorporating advanced technologies. Phebe N. Novakovic serves as Chairman of the Board, Chief Executive Officer of the Company. 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. 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. According to our data, General Dynamics Corporation has a market capitalization of US$44b, and paid its CEO total annual compensation worth US$18m over the year to December 2019. 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". "[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. With over 10 years experience he's covered businesses, CEOs, and investments. Number of outstanding shares of GENERAL DYNAMICS = 276382000.00. [96], General Dynamics reported Total CO2e emissions (Direct + Indirect) for 2021 at 696,118 mt (-8.7% year over year) and aims to reducing greenhouse gas emissions 40% by 2034. 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. General Dynamics employs more than 100,000 people worldwide and generated $37.9 billion in revenue in 2020. This factory had been set up in order to spread out strategic aircraft production and rented to Convair during the war to produce B-24 Liberator bombers. 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. This alone is something that many people consider the culmination of a lifelong dream, but that was the first thing she did after graduating. As a matter of fact, she has managed to do things that most people can only dream of doing. Marzili guided General Dynamics to substantial military contracts with the Navy and Marine Corps, including a $208 million five-year contract for amplifier and radio systems and a $104 million contract for the development of control and command systems, respectively. He manages the companys Combat Systems division, which includes Ordinance and Tactical Systems, Land Systems, and European Land Systems. As of 8 August 2022 she still owns at least 1,101,412 units of General Dynamics stock. 2010 2012 2014 2016 2018 2020 2022 $15 $20 $25 $30 $35 $40 $45 $50 $55 $60 $65 $70 GD Market Capitalization (Billions of Dollars) There are 9 older and 20 younger executives at General Dynamics. Shes a former Department of Defense employee, 7. 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. IBM is acquiring Instana, an applications performance management startup. As of 2021, the General Dynamics CEO's net worth was estimated to range between 150-175 million USD. [43], Electric Boat was established in 1899. We're driven by our endless pursuit of excellence. 94 in 2022. Operating margin was 11.5% for the quarter and 10.8% for the full year. General Dynamics is proud of its history of supporting the aerospace and defense communities since its incorporation in 1952. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 2022 Copyrights All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. Force Protection, Inc. was acquired by General Dynamics Land Systems in November 2011 for $350 million. 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. Jason Aiken works as General Dynamics Senior Vice President and Chief Financial Officer (CFO). Phebe has made over 24 trades of the General Dynamics stock since 2006, according to the Form 4 filled with the SEC. On January 1, former CIA operative [], Bachelor of Arts/Science, Smith College; Master of Business Administration, University of Pennsylvania, The Wharton School. As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Healthcare of Ontario Pension Plan Trust Fund's holdings in General Dynamics were worth $658,000 as of its most recent SEC filing. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. For most people, this job would be exciting enough and there would be no need to prove themselves further after the fact. 2003 Acquired Datron's Intercontinental Manufacturing Company (IMCO) Unit. Shes certainly made the most of the opportunities that shes been presented, and she continues to do exactly that, even today. [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. [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. Phebe Novakovic has served as chairwoman and CEO of defense giant General Dynamics since 2013. 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. On average, Phebe trades about 26,543 units every 64 days since 2004. In 2003, it purchased the defense divisions of General Motors as well. [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. As a matter of fact, shes worked in various decision-making positions since 2001 and today, she is basically the one in charge. [6], Canadair was owned by the Canadian government and was suffering from the same post-war malaise as Electric Boat. [4][5][7][8], She has sat on the Board of Directors of Abbott Laboratories since 2010. Before she started working at General Dynamics, she worked for the Central Intelligence Agency. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. [5] She has served as the Chairman of the Board and Chief Executive Officer of General Dynamics since January 2013. The company is well-established in over 18 locations across the U.S, UK and Canada. 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. On average, they anticipate the company's share price to reach $267.15 in the next twelve months. The US Department of Labor awarded the company the 2021 HIRE Vets Gold Award. 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. 2. This is a company that's been around for decades, so long that many people actually take it for granted. Learn how your comment data is processed. On this Wikipedia the language links are at the top of the page across from the article title. [102], Last edited on 11 February 2023, at 20:38, Learn how and when to remove this template message, Trump administration family separation policy, General Dynamics F-16 Fighting Falcon variants, International Association of Machinists and Aerospace Workers, Top 100 Contractors of the U.S. federal government, List of companies headquartered in Northern Virginia, List of military aircraft of the United States, List of United States defense contractors, List of current ships of the United States Navy, List of currently active United States military land vehicles, "General Dynamics Corporation 2022 Annual Report (Form 10-K)", "GENERAL DYNAMICS TO SELL CANADAIR Ottawa Says It Will Acquire AircraftManufacturing Unit for $38 Million", "History of General Dynamics Corporation", "COMPANY NEWS; Canadair to Be Sold To Bombardier Inc", "United States v. General Dynamics Corporation, 258 F. Supp. An overview of the page across from the same post-war malaise as Boat! 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