general dynamics ceo net worth

[6] President and chief executive officer John Jay Hopkins started looking for companies that would fit into Electric Boat's market in hopes of diversifying. [3] Henry Crown, still GD's largest shareholder, died on 15 August 1990. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. As of 2021, the General Dynamics CEO's net worth was estimated to range between 150-175 million USD. 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,. Force Protection, Inc. was acquired by General Dynamics Land Systems in November 2011 for $350 million. 2002 Acquired German company EWK Eisenwerke Kaiserslautern, and changed its name to General Dynamics European Land Systems-Germany. Phebe N. Novakovic, director since 2012. All proxy statements are public filings made available to the general public by the SEC. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. Ellison's net worth makes him one of the richest people in the world behind other tycoons like Jeff Bezos. 1997 Acquired Advanced Technology Systems, formerly an operating unit of, 1997 Acquired Computing Devices International, formerly a division of. 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. Chairman and Chief Executive Officer since January 1, 2013; President and Chief Operating Officer from May 2012 through December 2012; Executive Vice President, Marine Systems, from May 2010 to May 2012; Senior Vice President, Planning and Development, from 2005 to May 2010; Vice President, Strategic . [4][5][7][8], She has sat on the Board of Directors of Abbott Laboratories since 2010. He manages the companys Combat Systems division, which includes Ordinance and Tactical Systems, Land Systems, and European Land Systems. Mark Sutton is the Chief Executive Officer of International Paper. Phebe Novakovic became CEO and Chairman of American aerospace and defense behemoth, General Dynamics Corporation (GD), after the exit of Jay Johnson in 2013. 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. 1 month ago - PRNewsWire. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The net worth of General Dynamics as of September 23, 2022, was $60.86 billion. Before she started working at General Dynamics, she worked for the Central Intelligence Agency. In 1976, General Dynamics sold Canadair to the Canadian Government for $38 million. Between 1950 and 1958, 1,815 Sabres were built. 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. GD built an aircraft production factory in Fort Worth, Texas. The film traces her beginnings in the 2000s, her mistakes and the drive to create her own brand and business. Both units were recombined into one entity in 1992. General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. Most recently she exercised 320,260 units of GD stock worth $43,507,321 on 8 August 2022. General Dynamicss culture encourages innovation, agility, and diversity. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. He has experience working as an auditor and consultant for many defense industries and public accounting firms. [101] The company has 26 Employee Resource Groups serving 10 employee segments. Shortly after the takeover, Canadair began delivering its new Canadair North Star (a version of the Douglas DC-4) and was able to deliver aircraft to Trans-Canada Airlines, Canadian Pacific Airlines, and British Overseas Airways Corporation (BOAC) well in advance of their contracted delivery times.[8]. That outpaced gains in pay for male CEOs, which went up 18% to $14.4 million that year. Skilled Labor & Manufacturing Based on 74 salaries Pipefitter 15 salaries Welder 14 salaries View More Engineering Based on 68 salaries Engineer 7 salaries Senior Engineer 5 salaries He represented the state's 13th district in the House of Representatives from 1993 to 1997. The new YouTube Originals documentary "This Is Paris" attempts to demystify the life of businessmogul Paris Hilton, while offering a window into her personal life. He was conversant with 6 languages except English and worked for the US Air Force as an Intelligence Officer. 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 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. Phebe Novakovic was named the Chairman and Chief Executive Officer of General Dynamics in January 2013. [1] The current chairman and chief executive officer (CEO) is Phebe Novakovic . He had previously served on the board, but resigned and divested before becoming Secretary of Defense. The business of General Dynamics continues to expand through acquisitions and business sectors. She worked as Operations Officer at Central Intelligence Agency (CIA). 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. As you might have guessed, her bank account is a lot bigger than most individuals. For her, it was just the beginning. Product of above two values = $68.25 Billion. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. Thats saying quite a bit, but because of her driven personality, she doesnt really pay that much attention to these types of rankings. On average, General Dynamics executives and independent directors trade stock every 15 days with the average trade being worth of $8,225,648. Rest of the details will be shared soon. In May 1965, GD reorganized into 12 operating divisions based on product lines. Since GD lacked experience designing naval aircraft, it partnered with Grumman to develop a version for aircraft carrier operations. In 2005, she was promoted to Senior Vice President. General Dynamics is a notable aerospace and defense company with headquarters in Reston, Virginia, United States. 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]. General Dynamics primarily provides the government with defense and military equipment and services. The board decided to build all future planes in Fort Worth, ending plane production at Convair's original plant in San Diego but continuing with space and missile development there. In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. Wealth History HOVER TO REVEAL NET WORTH BY YEAR Forbes Lists #30 Power Women (2022) 50 Over 50 -. Before he joined the company in 2002, Jason W. Aiken was an audit manager at Arthur Andersen LLP in Washington, D.C. "[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. Most recently he sold 20,000 units of MLM stock worth $6,748,000 on 9 March 2021 . With $31.5 billion in annual revenues, General Dynamics ( GD 0.25% ) is one of the . GD CEO Phebes journey with the company began in 2001. 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. 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. 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 other General Dynamics news, VP Mark Lagrand Burns sold 27,600 shares of the company's stock in a transaction on Friday, January 27th. RESTON, Va., Feb. 17, 2022 /PRNewswire/ -- General Dynamics (NYSE: GD) Chief Financial Officer Jason W. Aiken will speak at the Barclays 2022 Industrial Select Conference in Miami on Thursday . The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 45: Citigroup CEO Jane Fraser ($20.5 million) No. Early in the 1990s, they liquidated practically all of their assets, except for the military-vehicle and submarine operations. The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. [102] Independent research published by American Association of People with Disabilities (AAPD), U.S. Department of Labor, Military Times, U.S. Veterans Magazine, Professional Women's Magazine, Forbes, and Fortune Magazine selected General Dynamics as a top employer. The first submarine built in Groton to be delivered to the U.S. Navy was USS Cuttlefish in 1934. 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. Meet GENERAL DYNAMICS' marquee product -- the M1A2 ABRAMS MAIN BATTLE TANK. EBITDA. 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. Phebe Novakovic has served as chairwoman and CEO of defense giant General Dynamics since 2013. Another midseason drama bites the dust at CBS. Soon thereafter, Veliotis was indicted by government prosecutors for illegal business practices . Later, she moved to the aerospace and defense company and performed various senior roles before attaining the highest rank. While she loves her professional life, shes also been married for a number of years and considers her husband be her rock. In 2022, General Dynamics had worldwide sales of $39.4 billion and a workforce of approximately 106,500 full-time employees. Dividend Kings 2023. Dividend Aristocrats 2023. Dividend Growth Portfolio. 2. Before becoming Vice President of General Dynamics in October 2018, he served in a variety of leadership positions. Currently, the Chairman and Chief Executive Officer of the company, Novakovic has served General Dynamics Corporation as President and COO since 2012. GD's YF-16 first flew in January 1974 and proved to have slightly better performance than the YF-17 in head-to-head testing. In 1985, GD also acquired Cessna. General Dynamics executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Forbes' annual list of the World's Most Powerful Women boasts 27 business leaders, all paving the way for more female executives to effect change from the C-suite. [11] Meanwhile, John Naish succeeded Joseph McNarney as president of Convair. 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. Your email address will not be published. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. Following the completion of the sale, the vice president now owns 56,909 shares in the company, valued at approximately $12,914,359.37. 5.60%. General Dynamics (STU:GDX) Property, Plant and Equipment as of today (February 28, 2023) is 5,570 Mil. As part of this role, Brady monitors the business units financial and operational health. TRD Staff. Innovation Investing In You Since 2008, we introduced eight new aircraft so you can reach the future, faster. GD CEO Phebe, age 63, credits her father for inspiring her decision to serve the nation by taking up a job with government and then joining a job at governments defense vendor. Innovation Investing in you since 2008, we introduced eight new aircraft so you can the! Mlm stock worth $ 43,507,321 on 8 August 2022 you might have guessed, her mistakes and the drive create! Valued at approximately $ 12,914,359.37 10 employee segments designing naval aircraft, it partnered with Grumman develop! 106,500 full-time employees a total transaction of $ 39.4 billion and a workforce approximately! Introduced eight new aircraft so you can reach the future, faster worth was estimated range! Of years and considers her husband be her rock GD built an aircraft factory! Is 5,570 Mil U.S. Navy was USS Cuttlefish in 1934 GDX ) Property, Plant and equipment as of (... In January 2013, United States and military equipment and services he has experience as! She serves as the Chairwoman and Chief Executive Officer of International Paper outpaced gains in pay male! 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