Key facts
- Danny Deep will become CEO of General Dynamics on January 1, 2027.
- Phebe Novakovic will transition to executive chairman.
- Deep has been with General Dynamics for 25 years.
- Deep was named president in 2025.
- Novakovic has been CEO since 2013.
- General Dynamics reported profit of $4.24 per share for the quarter ended July 5.
General Dynamics announced that Danny Deep, currently president of the company, will succeed Phebe Novakovic as chief executive officer, effective January 1, 2027. Novakovic, who has led the defense contractor since 2013, will transition to the role of executive chairman.
Deep has been with General Dynamics for 25 years and was named 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 company reported a profit of $4.24 per share for the quarter ended July 5, exceeding analysts' estimates of $3.97.
Novakovic's tenure as CEO has been marked by a decade of growth and increased global defense spending. The company, headquartered in Reston, Virginia, is a global aerospace and defense firm with products ranging from business jets and submarines to combat vehicles and IT services.