Deep, a 25-year veteran of the firm, assumes the top spot after overseeing various divisions, including combat systems and global operations. His tenure as president since 2025 served as the final stage of a long-planned succession strategy. Novakovic, who took charge in 2013, leaves behind a company that generated $52.6 billion in revenue last year.

Independent lead director Laura J. Schumacher credited Novakovic with building a capable leadership team and establishing a clear strategic vision during her long tenure. The transition ensures Novakovic remains involved in a senior capacity while Deep takes full control of day-to-day operations at the Reston-based aerospace and defense corporation.