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Electric Boat parent awards $5.7M in executive bonuses

General Dynamics, parent company of Groton submarine maker Electric Boat, said it has approved $5.7 million in bonus payments for three top executives.

Phebe N. Novakovic, chairman and CEO, will get the lion’s share of $4 million. David K. Heebner, executive vice president of information systems and technology, will get $1 million. L. Hugh Redd, who retired as CFO and senior vice president at the end of 2013, will get $700,000.

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