Phebe Novakovic

MPW 2017—Phebe Novakovic
WASHINGTON, DC - JUNE 04: Chairman and CEO of General Dynamics Phebe Novakovic and her husband David Morrison attend the 2017 Ford's Theatre Gala, sponsored in part by Ovation, at Ford's Theatre on June 4, 2017 in Washington City. (Photo by Paul Morigi/Getty Images for Ovation)Paul Morigi—Getty Images for Ovation
  • Title
    Chairman and CEO
  • Affiliation
    General Dynamics
  • Age

Novakovic now runs a government contractor a third more valuable than it was a year ago, benefiting from a political environment favorable toward military outfitters. Still, sales fell slightly in 2016 as defense spending shifted toward aircraft and weapons systems and away from the boots-on-the-ground technology in which the company specializes. But Novakovic’s push to expand cybersecurity capabilities has been a boon, helping GD land new contracts and rec­ord operating earnings and margins last year.

For more on Novakovic, read Fortune’s 2015 feature “The Spy in General Dynamics’ Corner Office.”

Personal Information

Previous Rank8

Company Financials (2016, or most recently completed fiscal year)

Revenues ($M)31,353
Profits ($M)2,955
Market Value as of 9/14/17 ($M)59182.6