General Dynamics vs Lockheed Martin — CEO Pay Comparison
Jim Taiclet (Lockheed Martin) earns $4.0M more in total compensation than Phebe Novakovic (General Dynamics).
| Metric | General DynamicsGD | Lockheed MartinLMT |
|---|---|---|
| CEO | Phebe Novakovic | Jim Taiclet |
| Industry | Aerospace & Defense | Aerospace & Defense |
| Total Compensation | $8.0M | $12.0M |
| Base Salary | $800K | $1.2M |
| Stock Awards | $4.0M | $6.0M |
| Option Awards | $960K | $1.4M |
| Non-Equity Incentive | $1.2M | $1.8M |
| Pay-for-Performance Grade | B (75/100) | B (69/100) |
| CEO-Worker Pay Ratio | 80:1 | 120:1 |
| Median Worker Pay | $100K | $100K |
| Say-on-Pay Approval | 88.7% | 92.8% |
| 3yr Total Shareholder Return | +14.6% | +5.7% |
| Revenue | $42.3B | $67.6B |
| Market Cap | $80.0B | $130.0B |
| Employees | 113,000 | 122,000 |
Analysis
Phebe Novakovic (General Dynamics) earns $8.0M in total compensation, while Jim Taiclet (Lockheed Martin) earns $12.0M. That is a difference of $4.0M.
On pay-for-performance alignment, General Dynamics scores B (75/100) while Lockheed Martin scores B (69/100). General Dynamics's CEO compensation is better aligned with company performance.
General Dynamics's CEO-to-worker pay ratio is 80:1 compared to Lockheed Martin's 120:1. Shareholders approved CEO pay at 88.7% (General Dynamics) and 92.8% (Lockheed Martin).