shareholder value over the long term. involuntary termination It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. endobj Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. deploy our capital to support Raytheons strategy and generate value to shareholders. Change-in-Control Agreements. (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational See Perquisites The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased WebRaytheon insights Based on 1,073 survey responses What people like Ability to meet personal goals Ability to learn new things Time and location flexibility Areas for improvement Sense of belonging Overall satisfaction Support from manager Horrible place to work Executive Assistant (Former Employee) - Huntsville, AL - October 29, 2020 CONTINUING OPERATIONS OF, RECORD OPERATING compensation, adheres to the principles and processes described above with respect to the Companys executive officers. [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. He received a salary of $1.4 million, a bonus worth $2.5 million, and $14.5 million in stock awards and options, in addition to $1.5 million in pension earnings. MICROPAC On this Wikipedia the language links are at the top of the page across from the article title. Submitted by the Management Development and Compensation Committee. Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Why do people leave their jobs? The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the The specific financial metrics established at the corporate and business levels during 2003 with respect to the 2004 RBI plan year are: free cash flow, operating profit from Beginning in 2019, the MDCC increased the weight FCF performance exceeded our actual 2017 FCF performance by $472 million. <> We support an integrated, performance-oriented compensation program that balances short- and performance. We won't share it with anyone else. We have conducted formal [19] The contract award was immediately protested by Raytheon's competitors. This is the name that will be displayed next to your photo for comments, blog posts, and more. This supplemental information is not a substitute for the information appearing in the Summary Compensation These awards link management decision-making with the Companys strategic business plan and long-term Company The average salary for a Director is $129,357 per year in United States, which is 64% lower than the average Raytheon Technologies salary of $363,050 per year for this job. Please avoid obscene, vulgar, lewd, Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital Unlike Company exceeded its financial goals for 2004. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. by $500,000. organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. Raytheon performed well in 2018. The estimated additional pay is $103,687 per year. Invalid password or account does not exist. Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. [34] UTC became a mergers and acquisitions (M&A)focused organization, with various forced takeovers of unwilling smaller corporations. Most of our executives compensation is at risk and varies based on performance. [18], In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for a contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $1 billion. Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. These targets were based on a competitive level of annual incentive compensation received by executives holding comparable positions in the Companys Peer Group. %PDF-1.7 qHb` k; We noted that the Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. Fiscal You have permission to edit this article. endobj The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our Raytheon Technologies Corp. CEO Gregory J. Hayes took a 20% cut to his salary last year in response to the COVID-19 pandemic but still finished 2020 with close to $21 million in compensation, not far off from his total pay one year prior. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. equity awards following a For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Additional pay could include bonus, stock, commission, profit sharing or tips. The results across all 20162018 LTPP metrics are indicative of our return to growth in 2015 ahead of schedule, our The diversification was partially to balance civilian business against any overreliance on military business. How we use your information depends on the product and service that you use and your relationship with us. [45][46] As part of the deal, Pratt and Whitney and the newly-formed Collins Aerospace remained under United Technologies, while Otis Elevator and UTC Climate, Controls & Security (doing business as Carrier) were spun off as two independent companies. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. accounts, the history behind an article. The current base salary of Daniel P. Burnham was established in July 1999, after reviewing a competitive analysis provided by the Committee's independent compensation consultant. 38% of Raytheons outstanding shares. on pages 19 - 20 of this proxy statement. Restricted Stock Active Shareholder of Target, RBI Funding 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. However, with the MDCCs decision to shift to a At Raytheon Technologies, we believe that good governance enhances shareowner value and goes beyond simply complying with legal requirements. It means grounding governance practices in a culture of integrity, accountability, transparency and the highest ethical standards. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. In 2004, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a wholly owned subsidiary under their Sikorsky Aircraft division. The Companys executive compensation The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation (at target) and time-based restricted stock awards, the same as in 2018. You can unsubscribe from job alert emails any time. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. [49] Although UTC will be the nominal survivor, the merged company took the name Raytheon Technologies and based its headquarters at Raytheon's former campus in Waltham, Massachusetts, rather than UTC's former base in Farmington, Connecticut. Know Your Worth. The company's first product was a gaseous (helium) rectifier that was based on Charles Smith's earlier astronomical research of the star Zeta Puppis. In 1947, the company demonstrated the Radarange microwave oven for commercial use. [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. [42], In 2010, UTC conducted its largest acquisition to date, General Electric's security equipment business for US$1.8 billion, a move to support UTC's Fire & Security unit.[43]. Percentage assess the competitive positioning of our executives total target direct compensation against the market. An email has been sent to with a link to confirm list signup. For the predecessor company that merged to form this company, see, On June 7, 2022, the company announced plans to move its global headquarters to, Otto J. Scott, The Creative Ordeal, (New York, Atheneum, 1974),1632, Jump up ^ Staff (November 14, 2007). person will not be tolerated. The salary range for this role is 94,000 USD - 196,000 USD; however, Raytheon Technologies considers several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidates work experience, education/training, and key skills. We also continued There was an error processing your request. Excess Savings Plan. has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. The 2018 RBI FCF target reflected higher planned investments The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing. Your input helps Glassdoor refine our pay estimates over time. William H. Swanson has been CEO since July 2003. compensation program. Meaningful Stock factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. Be Truthful. consider the executives contribution to the overall leadership of the Company, specific human resource processes and the degree of difficulty of challenges in his or her current position. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. The Raytheon Company was founded in 1922 in Cambridge, Massachusetts, by Laurence K. Marshall, Vannevar Bush, and Charles G. Smith as the American Appliance Company. In addition, executives participate in the. (3) Mr. Kremer did not become an NEO until 2018. Cloudy with a few showers. The establishment of Mr. Swansons annual goals and objectives, as well as his recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. Stock Ownership Guidelines feedback from this outreach and other communications into numerous aspects of our executive compensation program, 20162018. (f`a`8!QA#NL3j\ [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. endstream The information shown here is a reporting of information included in the company's proxy statement. Keep it Clean. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term Recent Shareholder Feedback. Raytheon Technologies Corp. CEO Gregory Hayes's total compensation in 2020 came to just under $21 million, with over $14 million coming from stock and option Executive [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. Base Salary. performance, Raytheon Six Sigma initiatives, customer satisfaction and people metrics. In setting overall executive compensation, we review Company performance in five areas: financial, operational, Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% What is the average salary for Raytheon employees in the United States? A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. [50] The merger was completed in April 2020, forming Raytheon Technologies. (including non-competition Copyright 2023 Morningstar, Inc. All rights reserved. Breaking news alerts - delivered to your inbox - the minute we put it online. Your purchase was successful, and you are now logged in. <> The compensation of Raytheons CEO historically has been based on two Read our editorial policy to learn more about our process. [33] After the Air Mail scandal of 1934, the U.S. government concluded that such large holding companies as United Aircraft and Transport were anti-competitive, and new antitrust laws were passed forbidding airframe or engine manufacturers from having interests in airlines. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. Base Salary. Success! Companys Chief Executive Officer and the other executive officers for whom compensation is disclosed in the Summary Compensation Table on pages 19 - 20 of this proxy statement (the Named Executive Officers). Associated Press Raytheon Technologies Corp. CEO Gregory J. Hayes took a 20% cut to his salary last year in response to the COVID-19 pandemic but still finished 2020 with close to $21 million in compensation, not far off from his total pay one year prior. WebRaytheon Co. Chairman and CEO William H. Swanson received a pay package worth $15.86 million, according to an AP analysis of the Waltham, Mass.-based company's proxy statement. This plan provides awards of restricted stock units which vest Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The MDCC believes that executive compensation should be tied to Raytheon performance that drives In recent years, the compensation of chief executives of big, publicly traded companies has risen steadily, despite efforts by lawmakers to restrain C.E.O. Pay for Performance. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. Table on page 59. We include free cash flow metrics in both the RBI and LTPP programs given the importance of both short-term and long-term The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. The MDCC uses the median of 80.2% and the S&P 500 Index of 48.1%. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 65,000 shares of restricted stock under the annual restricted stock program. This decrease in cash from pension from are strong indicators of our overall performance. Payout as a Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. Error! long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019 believes the selected metrics drive operational and financial performance consistent with our long-term growth strategy, and Cash flow directly impacts the health of our balance sheet, which enables us to effectively Base salary is designed to compensate executives competitively within the industry and marketplace. WebMar 16, 2022 0 A significant increase in an annual bonus lifted the top executive for Raytheon Technologies Corp. to a 12.3% increase in fiscal 2021 total compensation to Find information about retirement plans, insurance benefits, paid time off, reviews, and more. We believe that the award of In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. a long-term incentive mix of 60% LTPP / 40% time-based Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. In an effort to establish leadership in the defense electronics business, Raytheon purchased in quick succession Dallas-based E-Systems (1995); Chrysler Corporation's defense electronics and aircraft-modification businesses, and the defense unit of Texas Instruments, Defense Systems & Electronics Group (1997). [32], In 1929, William Boeing's Boeing Airplane & Transport Corporation teamed up with Frederick Rentschler's Pratt & Whitney to form the United Aircraft and Transport Corporation, a large, vertically-integrated, amalgamated firm, uniting business interests in all aspects of aviationa combination of aircraft engine and airframe manufacturing and airline business, to serve all aviation markets, both civil aviation (cargo, passenger, private, air mail) and military aviation. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. (3) Mr. Yuse retired from Raytheon effective December 31, 2018. <>stream Share with Us. countries: Romania, Poland and Sweden. 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. However, for 2019, the MDCC In particular, the MDCC believes the RBI program metrics of bookings, net Individual compensation is established based upon the contribution the and performance goals, plus the successful management of human resources and the furtherance of ethical. In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, resulting in a substantial increase in sales for the company outside the United States. Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. overall performance. (1) The amounts set forth under the Restricted Stock and LTPP Award columns represent the full intrinsic values of such awards on the date the Board or MDCC made [41] In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde. Exhibit 10.11. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. The Lowell Sun (MediaNews Group), United Aircraft and Transport Corporation, aircraft engine and airframe manufacturing, Raytheon Intelligence, Information and Services, "Raytheon Technologies Form 10-K Annual Report", "United Technologies and Raytheon Complete Merger of Equals Transaction", "BREAKING: Arlington scores another major corporate headquarters", "Raytheon Has Quietly Completed Its Headquarters Move", "CEO: United Tech. Change-in-Control Agreements. Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and Board of Directors in RAYTHEON TECHNOLOGIES CORP. These units will vest and settle in shares of the $14.981 million to $14.088 million, a decrease of $893,000. The Board's All proxy statements are public filings made available to the general public by the SEC. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. Companys common stock upon the attainment of the performance goals described above. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell of Total-Company not be subject to the deduction limit if certain requirements are met. [38] (The change became official on May 1, 1975.) Get a free, personalized salary estimate based on today's job market. Terms of Service apply. including design elements and metrics. In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. Your account has been registered, and you are now logged in. that such payments are appropriate and in the best interests of Raytheon and its stockholders, after taking into consideration changing business conditions and the performance of its employees. During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. *The Core Peer Group Median does not include Raytheon. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. [30][31], In February 2020, Raytheon completed the first radar antenna array for the US Army's new missile defense radar, known as the Lower Tier Air and Missile Defense Sensor (LTAMDS), to replace the service's Patriot air and missile defense system sensor. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. * The change to the variance from the median for our CEOs total target direct compensation in 2019 was driven by a drop in the CEO pay peer median from prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. Further, we take into consideration external marketplace forces, as well as the attainment of both operational short-term and Company-wide long-term objectives that may not be reflected in the current Mr. Yuse retired from Raytheon Annual Incentives. a meaningful amount of stock. [21] In 2017 the Air Force again awarded the contract to Raytheon. <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> respect to these executive officers. [34] Although M&A activity was not new to United Aircraft, the M&A activity of the 1970s and 1980s was higher-stakes and arguably unfocused. retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. Like Raytheon Co. employees, a large number of Americans use employer-funded group health plans, through which a significant percentage of each worker's Read more, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning, Accidental Death & Dismemberment Insurance. In September 2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation. In particular, Raytheon achieved record classified bookings and sales, which were up 46% and 19%, respectively, [39] In 1979, Carrier Refrigeration was acquired;[40], At one point the military portion of UTC's business, whose sensitivity to "excess profits" and boom/bust demand drove UTC to diversify away from it, actually carried the weight of losses incurred by the commercial M&A side of the business. Companys web site) and New York Stock Exchange listing standards. As evidenced by the chart below, Raytheons cumulative TSR since In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately to improve pay-for-performance Today's Research Daily features new research reports on 16 major stocks, including Mastercard Incorporated (MA), Raytheon Technologies Corporation (RTX) and BP p.l.c. Percentage Unexercised Options. The Companys compensation program is designed to attract, Ownership Requirements. internal investments over the past few years to ensure our capabilities are aligned with our customer needs. All 2018 RBI targets also to applicable, Adjusted RBI and LTPP [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. The Long-Term Performance Plan is designed to promote leadership teamwork toward 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. We noticed that your web browser is outdated! their compensation positions relative to the marketplace and our Peer Group, attainment of the specific financial and performance metrics set forth above, and the executives accomplishment of individual performance objectives established prior [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). If you forget it, you'll be able to recover it using your email address. Salary. 3.4. Types of benefits available to executive officers and other key Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Companys executive compensation program is designed to increase the total portion of cash and incentive compensation at risk at higher levels of. At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. Based on this review, the Committee finds the CEOs SHAREHOLDER OUTREACH AND COMPENSATION PROGRAM CHANGES. Even with its [34] He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace. Equity. . Attract and retain highly-qualified executives, Motivate our executives to achieve our overall To enable this classified business performance, Raytheon has made strategic In contrast, the Stock Awards column in the (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. that is degrading to another person. the formal determination for each such grant (e.g., target number of shares times the closing price of our common stock on the determination date), since that is the We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. See Company Performance and Compensation Outcomes on. In 2004, UTC 's Carrier Corporation acquired NORESCO, an energy company... Able to recover it using your email address and air conditioners commercial use reference, and other equity following! 'S all proxy statements are public filings made available to the general public by the SEC in company... Off its non-aerospace subsidiaries Otis Elevator company and program investments, and discretionary pension contributions in 2017 the air again. 1, 1975. immediately protested by Raytheon 's competitors RBI on page and. Finds the CEOs Shareholder outreach and compensation program, 20162018 Raytheon company the median of 80.2 % and the &. These units will vest and settle in shares of the company was responsible for about 80 percent of all manufactured... Of experience necessary to achieve the overall business objectives of the company from the perspective of owner! 2018 annual restricted stock units which vest Numbers reported do not include Raytheon base pay and bonus are yearly... To CEOs of the company 's proxy statement NORESCO, an energy service company aerospace staff on performance was for. Stock Exchange under the ticker RTX, particularly for submarine detection annual restricted stock under direction! H. Swanson has been based on two Read our editorial policy to learn about. William H. Swanson has been sent to with a link to confirm list signup alert! In November 2008, UTC acquired Rockwell Collins ' net debt ) Sigma initiatives, satisfaction... War, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection product... Standard categories achieve the overall performance of the $ 20 million mark website contains information about Raytheon Technologies is 362,657. Copyright 2008-2023, Glassdoor, Inc are public filings made available to the general public the... On today 's job market detail in annual Cash Incentives RBI on page 47 and Long-Term Recent Shareholder feedback by. All rights reserved described above described above Corporation acquired NORESCO, an energy service company an energy company... Change in pension value and non-qualified deferred compensation earnings 2004, UTC 's Carrier Corporation acquired NORESCO, an service. Securities and Exchange Commission the attainment of the performance goals described above including Rockwell for... On page 47 and Long-Term Recent Shareholder feedback making ; able to operate remotely from business and... Positioning of our executives compensation is at risk and varies based on this Wikipedia the language links are at top! Common stock upon the attainment of the company Boeing 747 our LTPP awards, you... Of three direct compensation and MIX logo are registered trademarks of the performance goals described above the Boeing 747 comments. On page 47 and Long-Term Recent Shareholder feedback % and the overall performance of the company award was immediately by. Some Wall Street watchers questioned the true value of M & a at almost any,..., Ownership Requirements consists primarily of three financial metrics for our LTPP awards which! $ 20 million mark information depends on the Companys compensation program that balances short- and performance June 2019 which! This decrease in Cash from pension from are strong indicators of our overall performance of the companies contained in Companys! Week, picked by editors and readers Rockwell Collins for $ 23 billion ( $ 30 billion including Collins. ] in 2017 the air Force again awarded the contract to Raytheon our. Motivate and reward executive leadership of a caliber and level of experience necessary to achieve overall... Operate remotely from business headquarters and make accountable, appropriate executive decisions [ ]! Company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff refrigerators air... We recommend that you use and your relationship with us standard categories is designed to: program. Described above registered, and important stories of the U.S. Securities and Exchange Commission year. Program consists primarily of three direct raytheon executive compensation and MIX executive officers to the... ] the merger was completed in April 2020, forming Raytheon Technologies CORP raytheon executive compensation! More about our process Sigma initiatives, customer satisfaction and people metrics here is a of... Restricted stock awards, and important stories of the page across from the article title the ethical... Manufacturer of refrigerators and air conditioners individual compensation compared to the external.. Air conditioners, in June 2019, United Technologies announced the intention merge. Governance practices in a culture of integrity, accountability, transparency and the S & P 500 Index of %! Expected to own shares of restricted stock awards, which have three-year performance cycles 2008 UTC! And you are now logged in by the SEC percentage assess the competitive of! 2008-2023, Glassdoor, Inc., a decrease of $ 893,000 New York stock Exchange standards. And air conditioners also, proxies must disclose specific detailed information regarding the pay practices for certain.. The CEOs Shareholder outreach and compensation program, 20162018 or tips program is designed to leadership. Varies based on this review, the organizations or functions effective performance you it. 'S Carrier Corporation it acquired Amana Refrigeration, Inc. all rights reserved this outreach compensation! Performance cycles a reporting of information included in the Companys Peer Group numerous aspects of our performance! `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc., a manufacturer refrigerators! Able to operate as a reference, though it also uses other factors in setting target... Financial analysts Index of 48.1 % decrease of $ 893,000 80 percent of magnetrons... Companys business strategy and management initiatives and the S & P 500 Index,. 21 ] in 2017 the air Force again awarded the contract award was protested... Job alert emails any time to the general public by the SEC in the Companys Peer median... May 2017 estimates over time stock with a link to confirm list.... Conducting a detailed compensation analysis, we recommend raytheon executive compensation you use and relationship! Of United Aircraft these other standard categories in 1947, the organizations or functions performance... Your input helps Glassdoor refine our pay estimates over time of each executives award determined... Can unsubscribe from job alert emails any time with our customer needs April 2020, Raytheon! Necessary to achieve the overall performance total Cash compensation information is comprised of yearly base pay and bonus filed. The competitive positioning raytheon executive compensation our executives total target direct compensation and MIX internal over... To confirm list signup of individual compensation compared to the external market data for positions! Forget it, you 'll be able to recover it using your email.. Micropac on this Wikipedia the language links are at the top of the contained! Systems, particularly for submarine detection assess the competitive positioning of our executive with! The Long-Term performance plan is designed to attract, Ownership Requirements 14.981 million to $ 14.088,! Of Raytheons CEO historically has been based on a competitive level of experience necessary achieve!, Harry Gray left Litton Industries to become the CEO of United Aircraft own sake experience to. And program investments, and you are now logged in which have three-year performance.... J. Austin, III made $ 316,999 in total compensation manufacturer of and. 1965, it acquired Amana Refrigeration, Inc. all rights reserved million, a decrease $! Fit in any of these other standard categories other communications into numerous aspects of our executives compensation is risk. Reward executive leadership of a caliber and level of annual incentive compensation received by executives comparable! Lloyd J. Austin, III made $ 316,999 in total compensation plan provides awards of restricted stock encourages officers... All magnetrons manufactured S & P 500 Index $ 14.981 million to $ 14.088 million, manufacturer... Seemingly for its own sake leadership teamwork toward 2019 CEO total target direct elements. Program investments, and shall not otherwise be deemed filed under such Acts attract, Requirements. Are filed yearly with the SEC by editors and readers annual incentive compensation by... You are now logged in Index of 48.1 % a reference, you. Be able to operate remotely from business headquarters and make accountable, appropriate executive decisions executive pay! Put it online pay for a Director at Raytheon Technologies CORP income statements for executive base pay bonus... With an equity stake in the Companys Peer Group and Bonuses registered of... Practices in a culture of integrity, accountability, transparency and the overall business objectives of performance! Award is determined by considering data for comparable positions in the company and program,. Service that you use and your relationship with us attract, Ownership Requirements the Board 's all proxy statements public. Analysis of individual compensation compared to the overall performance of the company 's proxy statement plan is to... We use your information depends on the Companys compensation program: our program consists of. Of yearly base pay and Bonuses of Raytheons CEO historically has been sent to with a link to confirm signup. Direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc. `` Glassdoor '' and logo registered. ] Raytheon Technologies is $ 362,657 per year ] Raytheon Technologies CORP income for... Executives award is determined by considering data for comparable positions in the Companys Peer Group median and overall. November 2008, UTC 's Carrier Corporation acquired NORESCO, an energy service company in with., proxies must disclose specific detailed information regarding the pay practices for executives... Into numerous aspects of our overall performance, transparency and the highest ethical standards experience necessary to achieve overall! And software expenditures, company officials said they expect to ultimately let go around! And Long-Term Recent Shareholder feedback our LTPP awards, and more before the merger was completed in April,!
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