Government Contractors | Technology 2025: NOVAKOVIC, PHEBE N.

Novakovic has led General Dynamics, one of the world’s largest aerospace and defense companies, since 2013. During her tenure, General Dynamics, with Newport News Shipbuilding as a subcontractor, won the Navy’s largest-ever shipbuilding contract, worth up to $24.2 billion, to build nuclear submarines.

The Fortune Global 500 company employs over 100,000 people and reported $47.7 billion in 2024 revenue, up 12.9% from 2023.

Ranked No. 36 on Fortune’s 100 Most Powerful Women in business list in 2025, Novakovic is a graduate of Smith College and the University of Pennsylvania’s Wharton School.

General Dynamics’s Electric Boat subsidiary has received three contracts totaling about $3.8 billion for long-lead time material and planning for Virginia-class submarine construction as of summer 2025. In April, Electric Boat received a contract modification worth up to $17.2 billion for construction of two fiscal 2024 Virginia-class submarines that includes investments in shipyard productivity and workforce support.

A corporate director for JPMorgan Chase, Novakovic serves on several boards, including for Washington, D.C.-based think tank Center for Strategic and International Studies. She chairs the board of the Association of the United States Army.