This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

General Dynamics Board Elects Novakovic To Be President And Chief Operating Officer

FALLS CHURCH, Va., March 8, 2012 /PRNewswire/ -- General Dynamics (NYSE: GD) announced today that its board of directors has elected Phebe N. Novakovic, 54, to be the corporation's president and chief operating officer reporting to Jay L. Johnson, chairman and chief executive officer.  The appointment is effective May 2, 2012.

In announcing the board's action Johnson said, "The board and I are pleased to promote Phebe to fulfill these new responsibilities.  She has performed well in her role as executive vice president of Marine Systems and previously as senior vice president of planning and development, and is more than ready to assume a larger role in the corporation.

"I look forward to working with her as General Dynamics continues to demonstrate its leadership in delivering innovative, high-performing products and services to our customers," Johnson said.  "As president and chief operating officer, Phebe will assist me with the oversight and management of the company's business groups as well as its headquarters operations."

Novakovic became an executive vice president of General Dynamics in May 2010.  She is responsible for the Marine Systems group, which includes three companies:  Bath Iron Works, Electric Boat and NASSCO.  Novakovic had been senior vice president – Planning and Development since July 2005, where she was responsible for government relations, communications, international, investor relations and strategic planning.  She also has served as vice president – Strategic Planning, a position to which she was appointed in October 2002.

Novakovic said, "I am honored that the board has entrusted me with this new position.  I look forward to serving with Jay as General Dynamics continues to provide value to our shareholders and our customers."

General Dynamics, headquartered in Falls Church, Va., employs approximately 95,100 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

SOURCE General Dynamics

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs