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Phebe Novakovic
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General Dynamics has a $136.5bn backlog and a new CEO coming. What will Danny Deep change?
General Dynamics Corporation has chosen company veteran Danny Deep to become Chief Executive Officer on January 1, 2027, succeeding Phebe Novakovic after one of the longest current tenures among major United States defence-company leaders. Novakovic will become executive chairman, creating an unusually orderly succession as General Dynamics manages record-scale defence demand, submarine production challenges and a $136.5 billion backlog.
General Dynamics beats Q2 estimates, raises 2026 guidance on record backlog
General Dynamics beat Q2, raised full-year EPS guidance to $16.80-$16.90 and hit a record $136.5B backlog, yet shares fell 3.1% on supply chain concerns.