[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. Here are 10 ideas that were selected for our Top Picks 2020 Report. American businesswoman and former intelligence officer, Wharton School of the University of Pennsylvania, "The World's Most Powerful Women In Business 2018: Driving Change From The Corner Office", "Phebe Novakovic provided plane take Saric Podgorica", "Outstanding Alumnae Named 2016 Smith Medalists", https://en.wikipedia.org/w/index.php?title=Phebe_Novakovic&oldid=1129486807, American chief executives of Fortune 500 companies, People of the Central Intelligence Agency, United States Department of Defense officials, Wharton School of the University of Pennsylvania alumni, Articles containing Serbian-language text, Articles with unsourced statements from July 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 25 December 2022, at 17:16. This alone is something that many people consider the culmination of a lifelong dream, but that was the first thing she did after graduating. [102] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support. In 2002, she became VP 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. Let us learn more about General Dynamics before diving into its board of directors. Billion was born on March 4, 1939, and sadly passed away on February 25, 2023 at the age of 83 years old. 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. 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. The oldest executive at General Dynamics Corp. is WilliamOsborn, 72, who is the Independent Director. There are 9 older and 20 younger executives at General Dynamics. EBITDA. She is an MBA from the Wharton School University of Pennsylvania. During her last terms as SVP (from 2010 to 2012 . That should tell you something about her work ethic. In 2005, she was promoted to Senior Vice President. Jan 2021 - Present2 years 3 months. He represented the state's 13th district in the House of Representatives from 1993 to 1997. Last updated: 19 January 2023 at 4:33pm EST. Having divested itself of its aviation holdings, GD concentrated on land and sea products. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. For the fiscal year 2022, General Dynamics reported net income of US$3.309 billion, with an annual revenue of US$39.407 billion, an increase of 2.44% over the previous fiscal cycle. In October 2019, Kevin Graney became the President of General Dynamics Electric Boat. 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. Amy Gilliland is president of General Dynamics Information Technology (GDIT), a business unit of General Dynamics Corporation. 1957 - Purchased Liquid Carbonic Corporation of Chicago, Illinois, on September 30. General Dynamics Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. [5] In 1899, Isaac Rice bought the company from Holland and renamed it Electric Boat Company. General Dynamics purchased Liquid Carbonic Corporation in September 1957 and controlled it as a wholly owned subsidiary until a Federal antitrust ruling required its sale to shareholders in January 1969, being bought later that month by Houston Natural Gas Company. [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. 94 in 2022.[3]. Berman has supervised the companys real estate, construction, facilities, risk management, and human resources departments since joining Gulfstream in 1997. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Phebe's mailing address filed with the SEC is 383 MADISON AVENUE, , NEW YORK, NY, 10179-0001. 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The average General Dynamics Information Technology executive compensation is $230,757 a year.The median estimated compensation for executives at General Dynamics Information Technology including base salary and bonus is $232,267, or $111 per hour. Prior to assuming his current executive role, he served as President of Land Systems from October 2018 to March 2013. Phebe attended San Antonio-based Episcopal boarding school. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. GENERAL DYNAMICS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Between 1950 and 1958, 1,815 Sabres were built. That means that for a number of years, she was an official employee of the Department of Defense. (Suggested: Lear CEO Email & Net Worth Ray Scott). With over 10 years experience he's covered businesses, CEOs, and investments. June 28, 2021 News Phebe Novakovic, chairman and CEO of General Dynamics (NYSE: GD) and a 2021 Wash100 Award winner, believes in the patriotism of her role as head of the Reston,. While we. The F-16 also won contracts worldwide, beating the F-17 in foreign competition as well. General Dynamics net income for the twelve months ending December 31, 2022 was $3.390B, a 4.08% increase year-over-year. For her, it was just the beginning. 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. In 1985, GD also acquired Cessna. 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." Your email address will not be published. From 2005 to 2010, she led Planning and Development team of the company as SVP. Phebe Novakovic has served as chairwoman and CEO of defense giant General Dynamics since 2013. At the end of the fourth quarter of 2022 our total US headcount was 338, or 9%, of the company's total headcount. Upon graduating high school, she attended college in Massachusetts to get an MBA. Effective 2020, Former Chief Operating Officer Danny Deep took over the President role of Land Systems division at General Dynamics. 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). Good news, investors! The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. Steve Ballmer Net Worth. At the end of 2021, ZAI was the 4th largest P&C . [40], In December 2020, the board of directors for General Dynamics announced a regular quarterly dividend of $1.10, payable on February 5, 2021. That's a notable . In March the board of Alvis Vickers voted in favor of the 309m takeover. 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. 2007 Freeman United Coal Mining Co. sold to Springfield Coal Co. for an undisclosed amount. 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. Jay L Johnson, General Dynamics Corp: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology,. The 19 business leaders on Forbes annual list of the Most Powerful Women in the World are driving their companies through social and technological changes such as consumers adopting healthier habits and nations setting ambitious goals for renewable energy. You can help Wikipedia by expanding it. The most active insiders traders include Nicholas D Chabraja, Mary T Barra, and Phebe N Novakovic. [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. As you might have guessed, her bank account is a lot bigger than most individuals. Corporate Controller and Vice President in 2011, Vice President of Internal Audit from 2004 to 2007, and Chief Financial Officer (CFO) of Advanced Information Systems from 2007 to 2011 are among her previous positions. It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. 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". Phebe Novakovic became CEO and Chairman of American aerospace and defense behemoth, General Dynamics Corporation (GD), after the exit of Jay Johnson in 2013. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. The estimated Net Worth of Phebe N Novakovic is at least $277 Million dollars as of 8 August 2022. 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. General Dynamics had a net margin of 8.60% and a return on . 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. 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