General Dynamics Corporation (NYSE:GD) announced the promotion of Danny Deep to president, effective Wednesday. Deep was previously executive vice president, Global Operations. The company disclosed the move in a statement based on a Securities and Exchange Commission filing.
Deep has worked at General Dynamics for over 20 years, with prior roles including executive vice president, Combat Systems, and vice president of the company as well as president of General Dynamics Land Systems.
General Dynamics also detailed Deep’s new compensation arrangement. His base salary will be $1,300,000, and his target annual incentive opportunity will be set at 150% of his base salary. Long-term incentive compensation, which will be equity-based, will follow the approach outlined in the company’s proxy statement for the 2025 annual meeting of shareholders, filed with the SEC on March 28, 2025.
General Dynamics Corporation is headquartered in Reston, Virginia, and its common stock is listed on the New York Stock Exchange under the symbol GD. This information is based on a press release statement and details from the company’s recent SEC filing.
In other recent news, General Dynamics reported its third-quarter earnings, revealing earnings per share of $3.88, which surpassed the consensus estimate of $3.71. The company also posted revenues of $12.9 billion, exceeding the expected $12.52 billion. In addition, General Dynamics NASSCO secured a $1.7 billion contract to construct two more John Lewis-class fleet replenishment oilers for the U.S. Navy. The board of directors declared a quarterly dividend of $1.50 per share, payable on February 6, 2026. General Dynamics Information Technology expanded its collaboration with Google Public Sector to enhance AI and cloud solutions for U.S. government agencies. Bernstein SocGen Group raised its price target for General Dynamics to $388 from $335, maintaining a Market Perform rating. These developments reflect the company’s ongoing strategic initiatives and financial performance.
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