Phebe Novakovic’s Net Worth, Family, Salary (2025)
Phebe Novakovic is one of the most influential and powerful businesswomen in the world. She is the chairwoman and CEO of General Dynamics, a leading aerospace and defense company that produces submarines, tanks, jets, and IT systems.
You will be surprised to know that Phebe Novalic is a former CIA operative and the daughter of an Air Force officer. According to Forbes, she ranked as the 25th most powerful woman in business in 2018, with a net worth of $260 million.
If you want to explore more about this inspirational figure, let’s look into Phebe Novakovic’s life story, from her early years and education to her career and achievements.
Quick Facts About Phebe Novakovic
| Full Name | Phebe Novakovic |
| Current Position | CEO of General Dynamics |
| Birth Date | November 1957 |
| Birth Place | United States |
| Education |
|
| Husband | David Morrison |
| Children | 3 Daughters |
| Estimated Net Worth | $216 Million |
Phebe Novakovic Early Life and Education
Phebe Novakovic is a US-born Business executive. However, her parents hailed from Serbia. But they moved to the United States before her birth in 1957. Born and brought up in the United States, she always desired to be a successful businesswoman one day.
Talking about Phebe Novakovic’s education, she earned her graduation degree from Smith College in Northampton, Massachusetts in 1979. She then enrolled at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania to complete her MBA in 1988.
Phebe Novakoviv Career Timeline and Current Positions
Phebe is a former intelligence officer at the US Central Intelligence Agency. She served for the United States Department of Defense from 1997 to 2001.
During her association with the CIA, she married Michael G. Vickers, who is also a former Under Secretary of Defense for Intelligence and Security, Special Forces soldier, and CIA paramilitary officer. However, the marriage didn’t last long and both decided to end the relationship.
After that, she entered General Dynamics in 2001 and rose to the position of president and COO in 2012. She has been the Chairwoman and CEO of General Dynamics, a leading company in aerospace and defense, since January 2013.
She also holds a seat on the Board of Directors of Abbott Laboratories, a position she has occupied since 2010. Forbes ranked her as the 25th most powerful woman in business in 2018, a significant jump from 56th in 2015 and 65th in 2014. In 2020, she became a director of J. P. Morgan Chase.
Current Position of Phebe Novakovic
| Name | Title | Since |
| JPMorgan Chase & Co. (Banks) | Independent Director | 2020 |
| General Dynamics Corporation (Aerospace & Defense) | Vice President-Strategic Planning and Chief Executive Officer (CEO) | 2002 |
| General Dynamics Mission Systems, Inc. | Chairman & Chief Executive Officer | 2013 |
| Association of the United States Army | Chairman | – |
| Ford’s Theatre Society | Chairman | 1996 |
| Northwestern Memorial Hospital | Director | – |
| Northwestern University | Trustee | – |
| Aerospace Industries Association | Director | – |
| Medal of Honor Foundation, Inc. | Director | 2015 |
| The Kennedy Center Corporate Fund | Vice Chairman | – |
| Northwestern Memorial HealthCare | Director | – |
| Greater Washington Partnership | Director | – |
| Northwestern University Clinical & Translational Sciences Inst | Trustee | – |
| The Business Roundtable | Member | – |
| The Business Council | Member | – |
Awards and Accolades Received by Phebe Novakovic
- 2023 Wash100 Award
- 7th Benjamin Franklin Award recipient
- Forbes’ List of 100 Most Powerful Women in Business
Phebe Novakovic’s Husband and Kids
Novakovic was previously married to a former Under Secretary of Defense for Intelligence and Security officer, Michael G. Vickers. However, the marriage didn’t last long and both decided to end the relationship.
Currently, Phebe Novakovic is married to David Morrison. The couple tied the knot in 1985. They have three daughters.
Phebe Novakovic Salary and Other Sources of Income
As a Chairman and CEO of General Dynamic Corp, Phebe Novakovic gets an annual salary of approximately $1,700,000. Apart from salary, she received $21,478,167 in total compensation, according to the proxy statement filed in the 2022 fiscal year.
Of this total compensation, she received $1,700,000 as salary, $4,089,000 as a bonus, $4,499,650 as stock options, $10,592,081 as stock, and $597,436 from other sources, making her one of the highest paid CEOs.
Phebe Novakovic’s Net Worth in 2025
As of November 2023, Phebe Novakovic has an estimated net worth of $216 million. She has 33,230 units of General Dynamics stock, which are valued at more than $190,391,331. She also earned over $7,575,111 from selling GD stock in the past two decades. Besides, she receives $18,313,200 as the Chairman and CEO of General Dynamics.
Current Holdings of Phebe Novakovic
| Name | Equities | Percentage | Valuation |
| General Dynamics Corporation (GD) (Aerospace & Defense) | 809,596 | 0.30% | $178,896,428 |
| JPMorgan Chase & Co. (JPM) (Banks) | 7,769 | 0.0003% | $1,126,660 |
Popular Quotes by Phebe Novakovic
“Great leaders inspire people to be the best version of themselves”
“Success is not defined by wealth, but by the impact you have on others”
“The key to success is surrounding yourself with talented individuals and letting them shine”
“The ability to adapt is crucial in today’s rapidly changing business landscape”
“Innovation is the driving force behind progress and growth”
“A strong work ethic is the foundation for achieving your goals”
“Embrace failure as a learning opportunity and use it to propel yourself forward”
“Integrity is non-negotiable in business and in life”
“Having a clear vision is essential for success”
“Strive to make a positive impact in everything you do”
Interesting Facts About Phebe Novakovic
- She is a former CIA operative who worked for the agency for several years before joining the Department of Defense in 1997.
- She is the daughter of an Air Force officer who was born in Serbia and immigrated to the U.S. after World War II.
- She graduated from Smith College, a women’s liberal arts college, in 1979 with a degree in German and government.
- She earned her MBA from the Wharton School of the University of Pennsylvania in 1988, where she was a classmate of Jeff Bezos, the founder of Amazon.
- She is one of the few female executives in the military-industrial space and has been ranked among the world’s most powerful women by Forbes multiple times.
- She led General Dynamics in its $9.8 billion acquisition of IT firm CSRA in 2018, the largest deal in the company’s history.
- She is a board member of JPMorgan Chase, one of the largest banks in the world, and Abbott Laboratories, a global healthcare company.
- She is a philanthropist who has donated millions of dollars to various causes, such as education, health care, and arts.
- She wrote a memoir titled The Real Deal: My Life in Business and Philanthropy, which was published in 2006.
- She is married to David Morrison, a retired Army colonel and a former director of the Army’s Office of Economic and Manpower Analysis. They have three children together.
FAQs
How much is General Dynamics CEO Worth?
Phebe Novakovic is the CEO of General Dynamics and her net worth is estimated at $216 million.
When did Phebe Novakovic become CEO?
She became the CEO of General Dynamics in January 2013.
How much does Phebe Novakovic Make?
She made $21.2 million in total compensation in 2020, which includes salary, bonus, stock awards, and other benefits.
Who is the Female CEO of General Dynamics?
Phebe Novakovic is the female CEO of General Dynamics.
What Nationality is Phebe Novakovic?
She is an American of Serbian descent.
What is the Net Worth of Phebe Novakovic?
Her net worth is estimated at $216 million.
