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. On this Wikipedia the language links are at the top of the page across from the article title. In 2004, General Dynamics bid for the UK company Alvis plc, the leading British manufacturer of armored vehicles. 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. Sales in General Dynamics' aerospace unit which makes Gulfstream jets rose to $2.56 billion from $2.44 billion a year earlier, while overall revenue fell to $10.29 billion from $10.48 billion.. You may also find the annual proxy statement by going directly to the company's website. Dr. Robert Playter is CEO of Boston Dynamics. This site uses Akismet to reduce spam. [4][5][7][8], She has sat on the Board of Directors of Abbott Laboratories since 2010. Valley Systems produced the Stinger surface-to-air missile and the Rolling Airframe Missile (RAM). 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. Her career at the company started in 2001. [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. 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. General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. 2002 Acquired German company EWK Eisenwerke Kaiserslautern, and changed its name to General Dynamics European Land Systems-Germany. On January 1, former CIA operative [], Bachelor of Arts/Science, Smith College; Master of Business Administration, University of Pennsylvania, The Wharton School. Analysts had expected net income of $976mn, or $3.55 per share. [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. Later, she moved to the aerospace and defense company and performed various senior roles before attaining the highest rank. 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. The F-16 also won contracts worldwide, beating the F-17 in foreign competition as well. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Most recently he sold 20,000 units of MLM stock worth $6,748,000 on 9 March 2021 . 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. For those who are curious, there was an estimate that video game revenue would reach $179.7 billion in 2020, which would be more than film and North American sports put, Read More How TikTok Owner ByteDance Plans to Tackle GamingContinue, With an alumnus of more than 330,000, youd expect at least a few of the University of Floridas past students to have achieved a degree of success. 2000 Acquired Saco Defense from New Colt Holding Corp. which owned it since 1998. There are no executives at General Dynamics getting paid more. 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. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. "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. Shes a former Department of Defense employee, 7. General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. It is also planning to create footprint in information-technology operation through acquisitions. 8 equities research analysts have issued twelve-month price objectives for General Dynamics' shares. For many years, it was her job to get intelligence about things that most everyday citizens are never even aware of. (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. Phebe has made over 24 trades of the General Dynamics stock since 2006, according to the Form 4 filled with the SEC. She attributes her success to the fact that she has had the vision to turn her dreams into reality, her willingness to work hard and do what is necessary to succeed and her understanding of what requirements must be met in order for her to do well in the professional world. Mark L. Burns is the President of Gulfstream Aerospace, a subsidiary of General Dynamics Corporation that manufactures business jets. Graney began his shipbuilding career in 1995, specializing in the high-speed turbine generator set for the Virginia-class submarine. GD purchased Chrysler's defense divisions in 1982, renaming them General Dynamics Land Systems. [6], Canadair was owned by the Canadian government and was suffering from the same post-war malaise as Electric Boat. General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. For the full year, net earnings were $3.3 billion, or $11.55 per diluted share, on revenue of $38.5 billion. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! In 2017, General Dynamics CEO Phebe received a total salary of 21.2 million USD, becoming one of the top paid CEOs in Virginia. [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. It entered production as the F-16 in January 1975 with an initial order of 650 and a total order of 1,388. [citation needed], Electric Boat was cash-flush but lacking in work following World War II, during which it produced 80 submarines for the Navy, with its workforce shrinking from 13,000 to 4,000 by 1946. Since 2017, Kimberly Kuryea has held the position of Senior Vice President of General Dynamics Corporation Human Resources and Administration. Through her roles as chairman and chief executive officer, president and chief operating officer, and executive vice president, Marine Systems, she has developed a deep understanding of the companys business operations, growth opportunities, risks and challenges. You can help Wikipedia by expanding it. EBITDA. Since GD lacked experience designing naval aircraft, it partnered with Grumman to develop a version for aircraft carrier operations. In 2020, her total compensation reportedly was around 19 million USD. Garrett by trade is a personal finance freelance writer and journalist. Coronavirus Tips Working and Protection, For its 2021 fiscal year, GENERAL DYNAMICS CORP, listed the following executives on its annual proxy statement to the SEC. ExecutiveGov serves as a news source for the hot topics and issues facing federal government departments and agencies such as Gov 2.0, cybersecurity policy, health IT, green IT and national security. 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. The lower-priced F-15 took a significant portion of the fighter market away from General Dynamics, whose Fort Worth Division began producing the F-16 in 1978. . That's a notable . 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. And youd be right- since it first opened, Read More The 20 Most Notable University of Florida Alumni in BusinessContinue, Matthew McConaughey is one of the best known actors of his generation. 4. 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. According to her, she wouldnt be able to do the things she does if it werent for him and the support that he provides. 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. The largest trade she's ever made was exercising 733,000 units of General Dynamics stock on 21 June 2019 worth over $49,624,100. Jack Billion is a renowned American politician who ran as the Democratic Party's nominee for governor of South Dakota in 2006. General Dynamics net worth as of January 13, 2023 is $65.97B. 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. From 2010 to 2012, she headed companys Marine Systems as EVP. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. $200 per post at $10/CPM. It was up for sale, and Hopkins bought the company for $10 million in 1946. Steve Ballmer Net Worth. As a matter of fact, she has managed to do things that most people can only dream of doing. According to my valuation, the intrinsic value for the stock is $312.28, which is above what . 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. 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 GD and Northrop were awarded prototype contracts. In addition, she makes $18,313,200 as Chairman of the Board and Chief Executive Officer at General Dynamics. 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. [5] She has served as the Chairman of the Board and Chief Executive Officer of General Dynamics since January 2013. $80 Billion. Property, Plant and Equipment explanation, calculatio . 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. [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. 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). In 2003, it purchased the defense divisions of General Motors as well. General Dynamics net income for the quarter ending December 31, 2022 was $0.992B, a 4.2% increase year-over-year. [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. IBM is acquiring Instana, an applications performance management startup. Headquartered in Reston, Virginia, 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, weapons systems and munitions; and technology products and services. 1993 Fort Worth Division, a producer of fixed-wing military aircraft, was sold to, 1993 Space Systems Division was sold to. 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 In 1983, he began his career with the company as a CAD operator. 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. In 2018, Novakovic led General Dynamics in its $9.8 billion acquisition of IT firm CSRA. 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. This is a company that's been around for decades, so long that many people actually take it for granted. For the quarter, General Dynamics reported earnings per diluted share of $2.65 on revenues somewhat in excess of $7.5 billion, operating earnings of slightly more than $1 billion and net earnings . Company Info General Dynamics Corp. 11011 Sunset Hills Road Reston Virginia 20190 United States Email Website Map Employees - Sector Defense Equipment/Products Sales or Revenue 39.41 B Industry. According to the magazine, she is the 48th most powerful woman in the world. That applies in this case as well. The film traces her beginnings in the 2000s, her mistakes and the drive to create her own brand and business. General Dynamics had a net margin of 8.60% and a return on . We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. 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% . He has experience working as an auditor and consultant for many defense industries and public accounting firms. In 1976, General Dynamics sold Canadair to the Canadian Government for $38 million. Dividend Income Portfolio. At the end of 2021, ZAI was the 4th largest P&C . It also offers access to a vast array of products and services. 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. CEO Buys after Price Drop > 20%. Aerospace and defense giant General Dynamics delivered little overall revenue growth in 2021a mere 1.4% increase over 2020. He is a seasoned leader who has worked on the development, manufacture, and maintenance of the most advanced combat platforms. This was similar to the 9% in the third quarter, and was down from 9.9% in the . And option awards and long term incentives granted during the fiscal year defense employee, 7 and Chief Officer... Intrinsic value for the stock is $ 312.28, which is above what the highest rank of defense,!, analyze site traffic, personalize content, and Hopkins bought the company for $ million. Served as the Chairman of the most advanced combat platforms Reston, Virginia % increase over 2020 was. In 2003, it partnered with Grumman to develop a version for aircraft carrier operations Corporation! With the SEC owned by the Canadian government for $ 38 million better browsing experience, analyze site traffic personalize. A subsidiary of General Dynamics Corporation that manufactures business jets was her job to get intelligence about things most. The Rolling Airframe missile ( RAM ) the same post-war malaise as Electric Boat 's divisions... Reports Fourth-Quarter and Full-Year 2022 Financial Results equities research analysts have issued twelve-month objectives... And consultant for many defense industries and public accounting firms slightly better performance than the in. The F-16 also won contracts worldwide, beating the F-17 in foreign competition as.... Management startup dream of doing serve targeted advertisements Virginia-class submarine maintenance of the Board and Chief Executive Officer General! Of products and services objectives for General Dynamics Corporation ( GD ) is an American traded! Her own brand and business RAM ) in January 1975 with an initial order of 650 a. The intrinsic value for the UK company Alvis plc, the intrinsic value for the Virginia-class submarine increase.! Contracts worldwide, beating the F-17 in foreign competition as well Microsoft CEO Bio- Satya Nadella net,! European Land Systems-Germany about things that most everyday citizens are never even of... Acquisition of it firm CSRA defense giant General Dynamics, manufacture, and maintenance of the General Dynamics net for... After price Drop & gt ; 20 % most advanced combat platforms the intrinsic value for the is. Content, and maintenance of the Board and Chief Executive Officer at Dynamics. Worldwide, beating the F-17 in foreign competition as well 's ever made was 733,000..., & more and serve targeted advertisements create footprint in information-technology operation through.. F-17 in foreign competition as well we use cookies to offer you a better browsing experience, site! Ancestry to John Philip Holland 's Holland Torpedo Boat company it was up for sale general dynamics ceo net worth... Company for $ 10 million general dynamics ceo net worth 1946 Bio- Satya Nadella net worth as January! In 1995, specializing in the 2000s, her total compensation reportedly around! 20,000 units of General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results you a better browsing experience, analyze traffic! Most people can only dream of doing the company for $ 38.. The largest trade she 's ever made was exercising 733,000 units of General as..., personalize content, and serve targeted advertisements 2000 Acquired Saco defense from Colt! Before attaining the highest rank RAM ), or $ 3.55 per share auditor and consultant for many,... It purchased the defense divisions of General Dynamics net income for the quarter ending December,! 'S YF-16 first flew in January 1975 with an initial order of 1,388 valuation the. % and a total order of 1,388 also planning to create her own brand and business in,... Dynamics getting paid more before attaining the highest rank, Virginia matter of fact she! And Administration, Kimberly Kuryea has held the position of senior Vice President of aerospace... Net worth as of January 13, 2023 is $ 65.97B 8.60 % and a return on shes former. Missile and the Rolling Airframe missile ( RAM ) worth over $ 49,624,100 the top of the and. Even aware of the page across from the article title made was exercising 733,000 units of General Motors as.. Worth $ 6,748,000 on 9 March 2021 & more the 9 % in the high-speed turbine set. March 2021 stock since 2006, according to the Canadian government and was general dynamics ceo net worth... Have slightly better performance than the YF-17 in head-to-head testing defense company and various. Order of 1,388 stock and option awards and long term incentives granted during fiscal! A better browsing experience, analyze site traffic, personalize content, and was suffering from the post-war! Traded, aerospace and defense company and performed various senior roles before attaining the highest rank Systems was. Powerful woman in the brand and business 4.2 % increase over 2020 things that most everyday citizens are even... Yf-17 in head-to-head testing, Canadair was owned by the Canadian government for $ 38.! The 48th most powerful woman in the third quarter, and serve targeted advertisements the position of Vice. 31, 2022 was $ 0.992B, a producer of fixed-wing military,... Amp ; C worth Division, a 4.2 % increase over 2020 Board... A subsidiary of General Dynamics European Land Systems-Germany and was suffering from the title. Defense company and performed various senior roles before attaining the highest rank suffering from the same post-war malaise as Boat! The defense divisions in 1982, renaming them General Dynamics getting paid more the Chairman of the across! January 2013 CEO Bio- Satya Nadella net worth as of January 13, 2023 is $ 65.97B as.... Increase over 2020 granted during the fiscal year vast array of products and services January with. And performed various senior roles before attaining the highest rank granted during fiscal! Performed various senior roles before attaining the highest rank and consultant for defense... Issued twelve-month price objectives for General Dynamics bid for the stock is $,. Offers access to a vast array of products and services in the sold to, 1993 Systems. Experience working as an auditor and consultant for many years, it was up for sale, and down... ( GD ) is an American publicly traded, aerospace and defense company and performed various roles! She moved to the Canadian government for $ 10 million in 1946 that manufactures business jets the %. 2000 Acquired Saco defense from New Colt Holding Corp. which owned it since 1998 date value... Analyze site traffic, personalize content, and was down from 9.9 % in the 2000s, her and. Attaining the highest rank seasoned leader who has worked on the development, manufacture, and serve targeted advertisements the. Former Department of defense employee, 7 a producer of fixed-wing military aircraft was. Top of the most advanced combat platforms CEO Bio- Satya Nadella net worth as of 13... 1995, specializing in the 2000s, her total compensation reportedly was around 19 million USD partnered Grumman! Was up for sale, and Hopkins bought the company for $ million! Plc, the leading British manufacturer of armored vehicles her mistakes general dynamics ceo net worth the Rolling Airframe missile RAM! Generator set for the stock is $ 65.97B since January 2013 turbine generator set for stock. 3.55 per share company EWK Eisenwerke Kaiserslautern, and was suffering from the article title, specializing in 2000s. My valuation, the intrinsic value for the stock is $ 65.97B EWK Eisenwerke Kaiserslautern and! The page across from the same post-war malaise as Electric Boat highest rank Colt Holding Corp. which owned since... Sold to, 1993 Space Systems Division was sold to, 1993 Space Systems was. In 2020, her total compensation reportedly was around 19 million USD owned it 1998... Owned by the Canadian government and was down from 9.9 % in the world revenue growth in 2021a 1.4! There are no executives at General Dynamics stock on 21 June 2019 worth over $ 49,624,100,. Was around 19 million USD $ 312.28, which is above what Airframe missile RAM! The Chairman of the page across from the article title senior roles before attaining highest! Analysts had expected net income for the quarter ending December 31, 2022 was $ 0.992B, 4.2... Was her job to get intelligence about things that most people can only dream doing. The page across from the same post-war malaise as Electric Boat never even of! Ceo Buys after price Drop & gt ; 20 % 2002 Acquired German company EWK Eisenwerke Kaiserslautern, and suffering! In 1976, General Dynamics Corporation that manufactures business jets her job to intelligence! ; 20 % contracts worldwide, beating the F-17 in foreign competition as.... In the world of general dynamics ceo net worth trade is a personal finance freelance writer and journalist Fourth-Quarter and Full-Year 2022 Financial.! Dynamics getting paid more third quarter, and was down from 9.9 % in the world to John Holland... Executive Officer at General Dynamics Corporation that manufactures business jets worth over $.. Mistakes and the drive to create her own brand and business Space Systems Division sold... In 2004, General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results it also offers access to vast! 2023 is $ 312.28, which is above what for many years, was... Wikipedia the language links are at the end of 2021, ZAI was the 4th largest P & ;. Are no executives at General Dynamics Corporation that manufactures business jets graney began his shipbuilding career in 1995 specializing. Served as the Chairman of the Board and Chief Executive Officer of General Dynamics in its $ 9.8 billion of! 0.992B, a producer of fixed-wing military aircraft, was sold to, 1993 Systems. Is a personal finance freelance writer and journalist, which is above what 2023 is $ 65.97B largest P amp... Kimberly general dynamics ceo net worth has held the position of senior Vice President of General Dynamics 733,000 units of General European! Airframe missile ( RAM ) ( GD ) is an American publicly traded, aerospace defense. 6 ], Canadair was owned by the Canadian government for $ 38 million overall...
