Deep Elected CEO of General Dynamics, Novakovic to Executive Chairman

General Dynamics (NYSE:GD) has elected company president Danny Deep as its next CEO, effective January 1, 2027.

Rhea-AI Summary

General Dynamics (NYSE:GD) has elected company president Danny Deep as its next CEO, effective January 1, 2027.

Deep will succeed Phebe Novakovic, who will transition to executive chairman after serving as CEO since 2013. Deep has been with General Dynamics for 25 years and became president in 2025. His previous roles include executive vice president of Global Operations, executive vice president of Combat Systems and president of Land Systems. The board elected Deep to the CEO role, while Novakovic will continue serving the company in her new position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

RESTON, Va., Oct. 7, 2026 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that its board of directors has elected Danny Deep, who currently serves as president of the company, to be CEO, effective January 1, 2027. Deep will succeed Phebe Novakovic, who will transition to executive chairman after serving as CEO since 2013.

"Danny is a highly skilled executive with rich operating experience. It has been a pleasure working closely with him and I am certain he will be an outstanding CEO," said Novakovic. "I very much look forward to our continuing collaboration."

"On behalf of the board, we thank Phebe for her outstanding leadership and lasting contributions to General Dynamics," said Laura J. Schumacher, independent lead director. "Phebe has led with vision, integrity and a deep commitment to our people and our Ethos. We have greatly benefitted from her efforts in setting a clear strategic vision, creating enduring value and in building a strong and capable leadership team."

"We look forward to her continuing role with the company and to working together with Danny," said Schumacher. "We have every confidence that he will continue the outstanding leadership and legacy that Phebe has exemplified."

"Phebe has been an extraordinary leader for General Dynamics, and I am grateful for the close partnership we've shared and the opportunity to continue working together in the future," said Deep. "I am profoundly honored to be selected as the next CEO of General Dynamics and humbled and deeply thankful for the board's confidence."

Deep has been with the company for 25 years, serving in positions of increasing responsibility. Before becoming president of the company in 2025, he served as executive vice president of Global Operations, executive vice president of Combat Systems, and president of Land Systems.

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, weapon systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at www.gd.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/deep-elected-ceo-of-general-dynamics-novakovic-to-executive-chairman-302901643.html

SOURCE General Dynamics

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Danny Deep become General Dynamics CEO, and who will he replace?

Danny Deep will become General Dynamics CEO effective January 1, 2027, succeeding Phebe Novakovic. Novakovic, who has served as CEO since 2013, will transition to executive chairman.