Reston, Virginia, October 7th / PRNewswire / -- General Dynamics ( NYSE : GD ) announced today that the company's board of directors has elected the current president, Danny Deep, to serve as CEO, effective January 1, 2027. Deep will succeed Phebe Novakovic, who, after serving as CEO since 2013, will take on the role of Executive Chairman.

“Danny is a highly capable executive with extensive operational experience. Working closely with him has always been a pleasant experience, and I am certain that he will become an outstanding CEO,” said Novakovic. “I look forward to our continued collaboration very much.”

"On behalf of the board of directors, I would like to express my gratitude to Phebe for her outstanding leadership and enduring contributions to General Dynamics," said Laura J, the independent chief director. "Phebe has led the company with vision, integrity, and a deep commitment to our employees and our Ethos. Her efforts in establishing a clear strategic vision, creating lasting value, and building a strong and capable leadership team have benefited us greatly," added Schumacher.

"We look forward to her continued contribution to the company and her collaboration with Danny," said Schumacher. "We are fully confident that he will carry on the excellent leadership and legacy demonstrated by Phebe."

“Phebe has always been an extraordinary leader at General Dynamics, and I am very grateful for the close partnership we have had, as well as for the opportunity to continue working together in the future,” said Deep. “I feel deeply honored to be selected as General Dynamics’ next CEO; the trust placed in me by the board of directors makes me both humble and deeply grateful.”

Deep has been working at the company for 25 years, during which time he has held various positions with progressively increasing responsibilities. Before assuming the role of President of the company in 2025, he served as the Executive Vice President of Global Operations, Executive Vice President of Combat Systems, and President of Land Systems.

General Dynamics, headquartered in Reston, Virginia, is a global aerospace and defense company whose business covers commercial aviation, shipbuilding and maintenance, land combat vehicles, weapon systems and ammunition, as well as technical products and services. The company has over 120,000 employees worldwide and generated revenue of $52.6 billion in 2025. For more information, see www.gd.com.