On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,015,826. Lewis required that the company headquarters move to St. Louis, Missouri, which occurred in February 1971.[17]. General Dynamics Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. In the same year, General Dynamics is among the Top 10 Defense Contractors. He is instantly recognizable in, Read More 20 Things You Didnt Know about Matthew McConaugheyContinue, Philip Krim is the CEO of the Casper company. 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. Burns is a recipient of the National Aeronautic Associations Wesley L. McDonald Distinguished Statesman of Aviation Award. General Dynamics net income for the twelve months ending December 31, 2022 was $3.390B, a 4.08% increase year-over-year. Jack Billion is a renowned American politician who ran as the Democratic Party's nominee for governor of South Dakota in 2006. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. Her experience in the industry predates her experience at the company: She's a former CIA operative and the daughter of an Air Force officer. Their GD share price forecasts range from $222.00 to $325.00. Each year, MoneyShow asks the nations leading financial newsletter advisors for their top stock ideas for the year. [102] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support. [32], In 2018, General Dynamics acquired information technology services giant CSRA for $9.7 billion, and merged it with GDIT. Later, she moved to the aerospace and defense company and performed various senior roles before attaining the highest rank. From 2007 to 2011, he joined the Ordnance and Tactical Systems-Canada division as its Chief Financial Officer. [3] The publicly listed aerospace and defense contractor, GDs valuation in terms of market cap is calculated to be around 60.6 Billion USD. $80 Billion. 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. In addition, she makes $18,313,200 as Chairman of the Board and Chief Executive Officer at General Dynamics. 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." How much do General Dynamics Bath Iron Works employees make? 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. Healthcare of Ontario Pension Plan Trust Fund's holdings in General Dynamics were worth $658,000 as of its most recent SEC filing. The average share price of GD during the week 52-2022 = $246.94. Before becoming Vice President of General Dynamics in October 2018, he served in a variety of leadership positions. 1230 W Summerfield Dr, Lake Forest (Zillow) Nicholas Chabraja, the former chairman and CEO of General Dynamics, sold his Lake Forest home for $4.8 million almost two years after they . Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. General Dynamics has appointed Ira P. Berman as Gulfstream Aerospaces senior vice president of administration and general counsel. Shes certainly made the most of the opportunities that shes been presented, and she continues to do exactly that, even today. [18] In 1998, the company acquired NASSCO, formerly National Steel and Shipbuilding Company, for $415 million. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. Ms. Novakovic owns over 320,260 units of General Dynamics stock worth over $259,118,187 and over the last 19 years she sold GD stock worth over $0. 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. In 2002, she became VP of General Dynamics. For most people, this job would be exciting enough and there would be no need to prove themselves further after the fact. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. [4][5][6], She worked for the Central Intelligence Agency. Under her leadership, GD focused on developing military hardware and business jets to turn profitable. 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. The company offers four business groups to its clients: Aerospace, Combat Systems, Marine Systems, and Technologies. Aerospace and defense giant General Dynamics delivered little overall revenue growth in 2021a mere 1.4% increase over 2020. 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. [37], It was announced in September 2018 that the U.S. Navy awarded contracts for 10 new Arleigh Burke-class destroyers from General Dynamics Bath Iron Works and Huntington Ingalls Industries. 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) Phebes husband David Morrison took retirement from his job of Chief Lobbyist at Boeing and went to study Divinity at Princeton Theological Seminary. Phebe Novakovic became CEO and Chairman of American aerospace and defense behemoth, General Dynamics Corporation (GD), after the exit of Jay Johnson in 2013. [15], Frank Pace retired under pressure in 1962 and Roger Lewis, former Assistant Secretary of the Air Force and Pan American Airways CEO, was brought in as CEO. He took on the Vice President of Finance and Chief Financial Officer role from 2011 to 2015, before becoming the CFO of the GD Ordnance and Tactical Systems around March of 2015.. Gregory Gallopoulos is the General Counsel, Corporate Secretary, and Senior Vice President of General Dynamics Corporation. During her latter years as SVP (2010-2012), she also held the position of Executive Vice President of Marine Systems. Her father is a Serbian, who moved to the US with only 50 USD on him at the age of 17 years. What does this list reflect about the state womens collective power around the world? In 1985, GD also acquired Cessna. 2. General Dynamics Corporation (NYSE:NYSE:GD) Q3 2021 Earnings Conference Call October 27, 2021, 09:00 AM ET Company Participants Howard Rubel - Vice President of Investor Relations Phebe. Researchers have successfully grown cartilage-bone grafts in the lab that can be used to repair damaged joints. General Dynamics had a net margin of 8.60% and a return on . In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. In October 2019, Kevin Graney became the President of General Dynamics Electric Boat. If you want to know more about her, you can find out ten things about her life below. 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount. As senior vice president, planning and development, she gained a strong understanding of our core customers and the global marketplace in which we operate. It organized its own version of Lockheed's Skunk Works, the Advanced Concepts Laboratory, and responded with a new aircraft design incorporating advanced technologies. Before he joined the company in 2002, Jason W. Aiken was an audit manager at Arthur Andersen LLP in Washington, D.C. [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. While we. 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 . [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. 64: Duke Energy CEO. 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. The Fortune 500 listed company, General Dynamics, competes with: As of 2021, the General Dynamics CEOs net worth was estimated to range between 150-175 million USD. Phebe has made over 24 trades of the General Dynamics stock since 2006, according to the Form 4 filled with the SEC. Garrett by trade is a personal finance freelance writer and journalist. Your email address will not be published. On average, they anticipate the company's share price to reach $267.15 in the next twelve months. Number of outstanding shares of GENERAL DYNAMICS = 276382000.00. 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. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. Dividend Income Portfolio. 29: Accenture CEO Julie Sweet ($23.1 million) No. As part of this role, Brady monitors the business units financial and operational health. In March the board of Alvis Vickers voted in favor of the 309m takeover. Steve Ballmer Net Worth. He is a seasoned leader who has worked on the development, manufacture, and maintenance of the most advanced combat platforms. Boeing CEO Email & Net Worth Dennis Muilenburg. 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. 2022 Copyrights 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. As the pandemic persists, labor shortages in transportation and other areas of the food industry could prove to be a problem. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. Shes been in leadership positions at General Dynamics since 2001, 9. He was conversant with 6 languages except English and worked for the US Air Force as an Intelligence Officer. Graney began his shipbuilding career in 1995, specializing in the high-speed turbine generator set for the Virginia-class submarine. 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. 1 month ago - PRNewsWire. That outpaced gains in pay for male CEOs, which went up 18% to $14.4 million that year. [2] The company is a Fortune 100 company, and was ranked No. Read about how we use cookies and how you can control them on our Privacy Policy. 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. Over the last 20 years, insiders at General Dynamics have traded over $146,867,600 worth of General Dynamics stock and bought 36,375 units worth $2,872,964 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. [38], Former U.S. Secretary of Defense General Jim Mattis re-joined the company's board of directors in August 2019. . Cessna was re-sold to Textron in January 1992, the San Diego and Pomona missile production units to General Motors-Hughes Aerospace in May 1992, the Fort Worth aircraft production to Lockheed in March 1993 (a nearby electronics production facility was separately sold to Israeli-based Elbit Systems, marking that company's entry into the US market), and its Space Systems Division to Martin Marietta in 1994. [2], Phebe Novakovic (Serbian Cyrillic: [citation needed]) is of Serbian descent. Phebe Novakovic officially assumed the position of Chairman and Chief Executive Officer of General Dynamics in the beginning of 2013. The factory alone was worth more than $22 million, according to the Canadian government's calculations,[6] excluding the value of the remaining contracts for planes or spare parts. As President of General Dynamics Mission Systems, Chris Brady supervises the whole division. This is a company that's been around for decades, so long that many people actually take it for granted. The remaining Convair Aircraft Structure unit was sold to McDonnell Douglas in 1994. 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. Here are 10 ideas that were selected for our Top Picks 2020 Report. That should tell you something about her work ethic. 5.60%. Wealth History HOVER TO REVEAL NET WORTH BY YEAR Forbes Lists #30 Power Women (2022) 50 Over 50 -. While she loves her professional life, shes also been married for a number of years and considers her husband be her rock. In 2004, General Dynamics bid for the UK company Alvis plc, the leading British manufacturer of armored vehicles. Canadair also produced 200 CF-104 Starfighter supersonic fighter aircraft, a license-built version of the Lockheed F-104. 94 in 2022. The information shown here is a reporting of information included in the company's proxy statement. GD's exit from the aviation world was short-lived, and in 1999 the company acquired Gulfstream Aerospace. Learn how your comment data is processed. For a decade, chief executives of the world's largest companies welcomed Fed-sanctioned debt on their balance sheets and made themselves and their shareholders rich. Jan 2021 - Present2 years 3 months. M Amy Gilliland is President at General Dynamics Information Technology. The largest trade he's ever made was selling 20,000 units of Martin Marietta Materials stock on 9 March 2021 worth over $6,748,000. 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. 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. [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. In 2020, her total compensation reportedly was around 19 million USD. 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. Key Attributes/Skills/Expertise: Ms. Novakovics service as a senior officer of General Dynamics since 2002 makes her a valuable and trusted leader. You can see the complete history of Ms. Novakovic stock trades at the bottom of the page. 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. As EVP of the business segment, Rob Smith brings his expertise in Navy surface ship and submarine programs in facilitating the expansion of the shipbuilding division of General Dynamics. (Recommended: Boeing CEO Email & Net Worth Dennis Muilenburg). Upon graduation, she attended another college in Pennsylvania, 6. [6], Canadair was owned by the Canadian government and was suffering from the same post-war malaise as Electric Boat. RESTON, Va. - General Dynamics (NYSE: GD) today reported quarterly net earnings of $952 million, or $3.39 diluted earnings per share (EPS), on $10.3 billion in revenue. A few years later, he supervised the companys designers and engineers in the creation of the Astute-class submarine at Electric Boat. Mark L. Burns is the President of Gulfstream Aerospace, a subsidiary of General Dynamics Corporation that manufactures business jets. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. From there, she went to Smith College, Northampton, where she obtained her degree in government and German. 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