General Dynamics annual net income for 2022 was $3.39B, a 4.08% increase from 2021. As you might have guessed, her bank account is a lot bigger than most individuals. On average, they anticipate the company's share price to reach $267.15 in the next twelve months. [32], In 2018, General Dynamics acquired information technology services giant CSRA for $9.7 billion, and merged it with GDIT. GD and Northrop were awarded prototype contracts. As part of this role, Brady monitors the business units financial and operational health. 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) The first submarine built in Groton to be delivered to the U.S. Navy was USS Cuttlefish in 1934. Product of above two values = $68.25 Billion. [5] With over 10 years experience he's covered businesses, CEOs, and investments. 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. Below is a breakdown of the former calculation. She worked as Operations Officer at Central Intelligence Agency (CIA). TRD Staff. Property, Plant and Equipment explanation, calculatio . General Dynamics Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. As a matter of fact, she made almost twenty million dollars last year alone. All Rights Reserved. The net worth of GENERAL DYNAMICS for the Week 52-2022 was $68.25 Billion. This also translates into the EPS and revenue expectations with GD currently expected to deliver EPS growth of 7.5% in 2022 and 10.9% in 2023 compared to that of LMT coming in at 3.9% and 4.7% . [3] General Dynamicss culture encourages innovation, agility, and diversity. A good portion of the money she makes is in company equity, not cash, How TikTok Owner ByteDance Plans to Tackle Gaming, The 20 Most Notable University of Florida Alumni in Business, 20 Things You Didnt Know about Matthew McConaughey, Philip Krim: 10 Things You Didnt Know about Caspers CEO, Five Companies Leading the Way in Deepfake Technology. Phebe Novakovic has served as chairwoman and CEO of defense giant General Dynamics since 2013. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. Robert Smith was appointed the new Executive Vice President (EVP) of the Marine Systems business unit by General Dynamics in July 2019. 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 has pulled out of the bidding for several contracts, including the $30 billion to $40 billion U.S. Air Force T-X trainer program, which Novakovic and her team decided were either out of their. General Dynamics UK's key executives include Chris Bentley and 3 others. "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. The charts on this page feature a breakdown of the total annual pay for the top executives at GENERAL DYNAMICS CORP as reported in their proxy statements. For many years, it was her job to get intelligence about things that most everyday citizens are never even aware of. The company is on track to become carbon neutral before 2060. Under her leadership, GD focused on developing military hardware and business jets to turn profitable. Sometimes people get agitated when they see how much CEOs make. [7] As of 2018, she is listed as the 25th most powerful woman in the world by Forbes,[2] rising from 56th in 2015 and 65th in 2014. In 1985, GD also acquired Cessna. 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. Overseeing the accounting, corporate financial systems, financial reporting, and government finance, he has held a significant position in the companys finance management. $200 per post at $10/CPM. Later, she moved to the aerospace and defense company and performed various senior roles before attaining the highest rank. We boldly anticipate your future needs, elevating aviation to an art form. In short, we have a long way to go. The company's products include Gulfstream business jets, Virginia- and Columbia-class nuclear-powered submarines, Arleigh Burke-class guided-missile destroyers, M1 Abrams tanks and Stryker armored fighting vehicles. Healthcare of Ontario Pension Plan Trust Fund's holdings in General Dynamics were worth $658,000 as of its most recent SEC filing. 8 equities research analysts have issued twelve-month price objectives for General Dynamics' shares. Novakovic currently serves as a director of Abbott Laboratories. 2. Soon thereafter, Veliotis was indicted by government prosecutors for illegal business practices . She serves as the Chairwoman and Chief Executive Officer of General Dynamics. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Good news, investors! As President of General Dynamics Mission Systems, Chris Brady supervises the whole division. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic. The media-shy Novakovic is fond of opera, which was her grandmothers favorite too. H3 Dynamics Holdings. This put her in a position to be successful because it helped her understand exactly what was required. [24], On August 19, 2008, GD agreed to pay $4 million to settle a lawsuit brought by the US Government claiming that a GD unit fraudulently billed the government for defectively manufactured parts used in US military aircraft and submarines. All proxy statements are public filings made available to the general public by the SEC. 64: Duke Energy CEO. 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. In 1997, General Dynamics acquired Computing Devices Ltd based in Hastings, England which had developed avionics and mission systems for the Panavia Tornado, British Aerospace Harrier II and Hawker Siddeley Nimrod. As a supervisor at Newport News Shipbuilding, he was responsible for the CVN-78 reactor plants fluid systems. The F-16 also won contracts worldwide, beating the F-17 in foreign competition as well. Her career at the company started in 2001. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. 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. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. In the same year, General Dynamics is among the Top 10 Defense Contractors. [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. In the same year, General Dynamics is among the Top 10 Defense Contractors. She is one of the few female executives in the military-industrial space. As a matter of fact, she has managed to do things that most people can only dream of doing. [12][13], Hopkins fell seriously ill during 1957 and was eventually replaced by Frank Pace later that year. [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. 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 . From 2010 to 2012, she headed companys Marine Systems as EVP. whom Veliotis claimed had promised him the position of chief executive officer. GDIT is a $8.5B global technology enterprise with operations in 30 countries worldwide and 30,000 technologists and services professionals delivering critical mission capabilities across defense, civilian and intelligence agencies. [4] From 1997 to 2001, she worked for the United States Department of Defense. From 1952 through the 1990s, the company supplied all military services with tanks, submarines, warships, missiles, rockets, fighters, and electronics. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. 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. However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company. 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. Garrett by trade is a personal finance freelance writer and journalist. That means that for a number of years, she was an official employee of the Department of Defense. According to her, she wouldnt be able to do the things she does if it werent for him and the support that he provides. 1966)", "Boeing moving defense HQ from St. Louis to D.C. area", "General Dynamics to Buy Bath Iron Works Shipyard: Defense: The purchase would give the contractor access to $2 billion in orders for Navy ships", "Defense Giant to Purchase Nassco for $415 Million", "Transatlantic Defence Industrial Relationship: An Audit and Commentary", "Protest over Hastings Firm's Links to US Child Detention", "BAE outguns US rival with 355m bid for Alvis", "General Dynamics Canada wins $10B deal with Saudi Arabia", "Union asks NDP to keep Saudi armoured vehicles deal 'under wraps', fearing 'significant' job losses", "Advocates urge Ottawa to cease sales of military goods to Saudi Arabia amid growing backlash against war in Yemen", "General Dynamics warns Canada: Cancelling Saudi deal would cost billions", "General Dynamics warns Canada: Canceling Saudi deal would cost billions", "Tension between Canada and Saudi Arabia is now weighing on an American defence giant's earnings | Financial Post", "General Dynamics reports financial fallout with Saudi Arabia", "General Dynamics completes CSRA acquisition", "General Dynamics: Divest from War & Prisons", "US defense contractors profit from child detentionand you might, too", "Job postings offer clues to inner workings of facilities for immigrant children", "Frequently Asked Questions| General Dynamics", "U.S. Navy Places Advance Order for 10 New Destroyers", "Jim Mattis rejoining General Dynamics board of directors". As a matter of fact, the majority of that twenty billion dollars was in company equity, not cash. This report is not for commercial use. Steve Ballmer Net Worth. 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 shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. He was also the former Chief Financial Officer and Vice President of the subsidiary of the National Steel and Shipbuilding Company (NASSCO). This deal was finalized in June 2004. For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following board members on its annual proxy statement to the SEC. He has shown amazing skill in developing this new startup which just recently launched in April of 2o14, and taking it on a journey of success, Read More Philip Krim: 10 Things You Didnt Know about Caspers CEOContinue, Deepfake technology is a machine learning model that can interchange one persons face with another in any video production. 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. For information about the General Dynamics Board of Directors and our commitment to good corporate governance, visit our Investors hub. Boeing General Dynamics Salary & Net Worth - Investors, Funding, & Valuation Gregory, the CEO of leading American defense company, received a total salary of 17 million USD in 2017. General Dynamics focuses on creating shareholder value while delivering superior products and services to military, other government and commercial customers. Chris Bentley Vice President, Commercial Steve Rowbotham Vice President, Adavanced Projects and Technologies Dave Allen Senior Director Business Development Rebecca Lewis Finance Director Report incorrect company information Key Executive Tracking Fast Growers. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. This was similar to the 9% in the third quarter, and was down from 9.9% in the . 24: General Dynamics CEO Phebe Novakovic ($23.6 million) No. [5] She has served as the Chairman of the Board and Chief Executive Officer of General Dynamics since January 2013. It is not surprising that he quickly scaled the corporate ladder from deputy general counsel in July 2008 to vice president in September of the same year, given his years of experience in legal and management in government litigation. Valley Systems produced the Stinger surface-to-air missile and the Rolling Airframe Missile (RAM). If you continue to use this site, you consent to our use of cookies. [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. 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. 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. [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. 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]. Novakovic, who lived in Italy and Germany at the time of the Cold War, started her career with CIA. Integrity Confirming Our Commitment Our people make the difference. That outpaced gains in pay for male CEOs, which went up 18% to $14.4 million that year. Before she started working at General Dynamics, she worked for the Central Intelligence Agency. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Executive Mosaic That being said, its not like these individuals are hurting for cash. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. GD's F-111 program was winding down, and the company needed a new aircraft contract. Additionally, he is a vice president at General Dynamics Corporation, the parent company of Gulfstream. Her father is a Serbian, who moved to the US with only 50 USD on him at the age of 17 years. [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. [2] The company is a Fortune 100 company, and was ranked No. [14], GD subsequently reorganized into Eastern Group in New York City and Western Group in San Diego, California, with the latter taking over all of the aerospace activities and dropping the Convair brand name from its aircraft in the process. Wealth History HOVER TO REVEAL NET WORTH BY YEAR Forbes Lists #30 Power Women (2022) 50 Over 50 -. Dividend Income Portfolio. [5] She became president and Chief Operation Officer in 2012. Related by financial asset: Abbott Laboratories. General Dynamics had a net margin of 8.60% and a return on . The company offers four business groups to its clients: Aerospace, Combat Systems, Marine Systems, and Technologies. You can help Wikipedia by expanding it. In May 1965, GD reorganized into 12 operating divisions based on product lines. Another midseason drama bites the dust at CBS. You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. 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. It is a preferred partner in electric power, precision weapons, missile defense, and munitions. The products and services of General Dynamics are utilized daily to protect people all around the world. Phebe's mailing address filed with the SEC is 383 MADISON AVENUE, , NEW YORK, NY, 10179-0001. [6] Electric Boat was responsible for developing the U.S. Navy's first modern submarines which were purchased by the Navy in 1900. 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 . . General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results. However at the last minute BAE Systems offered 355m for the company. Your email address will not be published. 45: Citigroup CEO Jane Fraser ($20.5 million) No. General Dynamics Values excellence innovation improving health safety 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. On a January 26 earnings call, . 2000 Acquired Saco Defense from New Colt Holding Corp. which owned it since 1998. 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. Phebe N. Novakovic, director since 2012. [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. General Dynamics employed Firat Gezen in 1998. 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. 2023 Forbes Media LLC. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. In 2004, General Dynamics bid for the UK company Alvis plc, the leading British manufacturer of armored vehicles. 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." Researchers have successfully grown cartilage-bone grafts in the lab that can be used to repair damaged joints. [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. Key Attributes/Skills/Expertise: Ms. Novakovics service as a senior officer of General Dynamics since 2002 makes her a valuable and trusted leader. It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. General Dynamics (STU:GDX) Property, Plant and Equipment as of today (February 28, 2023) is 5,570 Mil. On this Wikipedia the language links are at the top of the page across from the article title. 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 L. Burns is the President of Gulfstream Aerospace, a subsidiary of General Dynamics Corporation that manufactures business jets. 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". Overall, General Dynamics had profits of $992mn in the fourth quarter, or $3.58 share, on revenue of $10.9bn. As the pandemic persists, labor shortages in transportation and other areas of the food industry could prove to be a problem. As of 2021, the General Dynamics CEO's net worth was estimated to range between 150-175 million USD. [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). The record price paid online for a painting has increased tenfold this year, and with a series of eye-catching art fairs and auctions over the next couple of months, it could be broken yet again. The business of General Dynamics continues to expand through acquisitions and business sectors. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Dr. Robert Playter is CEO of Boston Dynamics.