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GENERAL DYNAMICS

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General Dynamics : Appoints Helm As Special Advisor

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01/12/2019 | 08:15am EDT

FALLS CHURCH, Virginia, Jan. 11 -- General Dynamics issued the following news release:

* * *

- Kirchmaier as Senior Vice President for Planning, Communications and Trade Compliance

- Schmid as Vice President for Government Relations

* * *

General Dynamics (NYSE: GD) today announced that Robert W. Helm, currently serving as Senior Vice President for Planning and Development, will assume the role of special advisor to the CEO. Thomas W. Kirchmaier, Vice President for Strategic Initiatives, will become Senior Vice President for Planning, Communications and Trade Compliance. Elizabeth "Betsy" L. Schmid will lead the Government Relations organization as Vice President for Government Relations. The three will report directly to the CEO.

The appointments will be effective April 1, 2019.

Helm has served in his current role since joining General Dynamics in 2010, overseeing all communications, international trade compliance and Congressional engagement in support of General Dynamics' programs and initiatives. In his new position, Helm will provide counsel to the CEO on emergent issues and continue to support General Dynamics' strategic initiatives.

"I am grateful for Bob's service and his lasting impact on our company," said Phebe Novakovic, chairman and chief executive officer. "I look forward to his continued contributions in his new role."

Kirchmaier, who joined General Dynamics in 1978, has served in a variety of roles including president of General Dynamics Advanced Information Systems, and senior vice president of General Dynamics Information Technology. He became vice president for Strategic Initiatives in 2015.

Schmid joined the General Dynamics government relations team in 2015 after serving in a variety of roles including as a vice president of the Aerospace Industries Association, a staff director for the Senate Defense Appropriations Subcommittee, and a Presidential Management Fellow in the Office of the Secretary of Defense. She became vice president for Government Relations in 2018.

"Tom and Betsy are assuming greater leadership roles, which reflect their strong contributions to our company," said Novakovic.

Headquartered in Falls Church, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair.

© 2019 Targeted News Service, source News Service

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Financials ($)
Sales 2019 38 697 M
EBIT 2019 4 556 M
Net income 2019 3 425 M
Debt 2019 10 136 M
Yield 2019 2,29%
P/E ratio 2019 14,79
P/E ratio 2020 13,31
EV / Sales 2019 1,56x
EV / Sales 2020 1,45x
Capitalization 50 255 M
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Number of Analysts 20
Average target price 206 $
Spread / Average Target 18%
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Managers
NameTitle
Phebe N. Novakovic Chairman & Chief Executive Officer
Jason Wright Aiken Chief Financial Officer & Senior Vice President
Les L. Lyles Independent Director
James Schine Crown Lead Independent Director
William A. Osborn Independent Director
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