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). pay. 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). to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and We'd love to hear eyewitness 233 0 obj CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our After the end of the year, the Committee evaluated Mr. Swansons performance with respect to each individual goal or objective. Exhibit 10.11. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. relative to our core peer group and the S&P 500 Index. Cash Compensation. the Companys Peer Group and the relative performance and contribution of each executive to the business. Invalid password or account does not exist. shareholder value over the long term. 3.4. Error! Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. Other. William H. Swanson has been CEO since July 2003. Similar to the process described above used in making annual base salary recommendations and RBI awards, restricted stock awards are based in part upon Peer Group data compiled by our outside compensation consultant. February 10, 2023. What is the average salary for Raytheon employees in the United States? There was an error processing your request. leaves the Company forfeits the restricted portion of the award. Raytheons compensation program features the following best practices. respect to these executive officers. and market practice. During 2004, the Be Nice. The Companys compensation program is designed to attract, [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. The RBI program, which offers eligible employees <> by $500,000. WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. restricted stock units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004. The most important daily headlines from News, Sports, Business, Living, and Opinion. The Companys executive compensation RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. *The Core Peer Group Median does not include Raytheon. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. equity awards following a Success! In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company. 1.1 Purpose.The Raytheon Deferred Compensation Plan (the Plan) is intended to be an unfunded, nonqualified deferred compensation arrangement for a select group of management or highly Companys common stock upon the attainment of the performance goals described above. We believe that the award of In the first full year since completing the merger with United Technologies, total compensation for Raytheon Technologies Corp.'s chief executive rose 11% to $23.3 An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. [24] In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions[buzzword] and cybersecurity professional services,[25] for $62 million. The Peer Group is subject to change from time to time. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. To maintain flexibility in compensating executives, we reserve the right to use our judgment to authorize compensation payments that may be subject to the limit when we believe <>stream 20162018 LTPP. Payout as a [11] The electron tube was christened with the name Raytheon ("light of/from the gods"[12]) and was used in a battery eliminator, a type of radio-receiver power supply that plugged into the power grid in place of large batteries. The estimated base pay is $153,503 per year. a long-term incentive mix of 60% LTPP / 40% time-based These direct compensation elements are rounded out with certain perquisites and other executive benefits. change in control (a change See Company Performance and Compensation Outcomes on. Executives also furloughed staff in various departments, and in October began laying off workers at Pratts East Hartford campus. to applicable, Adjusted RBI and LTPP In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. Your account has been registered, and you are now logged in. Terms of Service apply. Results as a 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 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 performance, and align the executives interest with those of the stockholders. involuntary termination Find your market worth with a report tailored to you, Education/Training/Tuition/Certification Reimbursement, New research shows how to set pay for remote employees. Verify your identity, personalize the content you receive, or create and administer your account. MICROPAC [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. Copyright 2023 Morningstar, Inc. All rights reserved. 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. The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. (2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying all NEOs and other executive officers. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. employees may include a car allowance, financial planning services, participation in the Companys Deferred Compensation Plan (which allows an executive to defer a portion of his or her RBI), participation in the Companys Supplemental For dollar amounts and descriptions of the other compensation, including reportable perquisites, that the CEO and the Named Executive Officers received during 2004, please refer to the Summary Compensation Table and footnotes What your skills are worth in the job market is constantly changing. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. [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. In particular, the MDCC believes the RBI program metrics of bookings, net the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. We noted that the (BP). drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, or anything. The 2018 RBI FCF target reflected higher planned investments . Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. Recent Shareholder Feedback. Based on this review, the Committee finds the CEOs investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Section 162(m) of the Internal Revenue Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. to the beginning of the compensation year. Most of our executives compensation is at risk and varies based on performance. It should also be noted that our actual 2018 In response to changes in the marketplace, restricted stock and D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. [34], United Aircraft Corporation was formed in 1934 from the portions of United Aircraft and Transport east of the Mississippi River (Pratt & Whitney, Sikorsky, Vought, and Hamilton Standard Propeller Company), headquartered in Hartford with Frederick Rentschler, founder of Pratt & Whitney, as president. WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. alignment Don't knowingly lie about anyone In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. Low 34F. February 10, 2023. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. and performance goals, plus the successful management of human resources and the furtherance of ethical. This is the name that will be displayed next to your photo for comments, blog posts, and more. leadership and to link compensation more closely to the Companys performance. Coronavirus Tips Working and Protection, For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational United Aircraft, subsequently known as United Technologies and Raytheon Technologies, has remained a component of the Dow Jones Industrial Average since that time through August 2020. The Individual awards under the Companys RBI program reflect an executives contribution to the Companys achievement of established financial [6][7], The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Cash flow directly impacts the health of our balance sheet, which enables us to effectively A limited group of senior executives participate in the Long-Term Performance Plan. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? (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 compensation consultant and management. Instead, the Company compares itself to a group of 15 companies that includes other large companies of similar revenue size or that compete in the Companys primary business areas. 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. Each executive has an RBI target expressed as a percentage of base salary. compliance for post-employment Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. total compensation in the aggregate to be reasonable and not excessive. In particular, Raytheon achieved record classified bookings and sales, which were up 46% and 19%, respectively, CEOs base salary, bonus and short and long-term incentives. Board of Directors in RAYTHEON TECHNOLOGIES CORP. Michael C. Ruettgers. accounts, the history behind an article. EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. 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. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. endobj In considered federal contracts in decision to keep Indiana jobs in deal with Trump", "Raytheon Technologies' stock, formerly United Technologies, starts trading in", Raytheon Announces Agreement to Purchase BBN Technologies, Raytheon Completes Acquisition of BBN Technologies, "Raytheon buys Applied Signal Technology", Raytheon wins deal for next-generation U.S. Air Force radar, "US Air Force to Reevaluate 3DELRR Award", USAF delays awarding 3DELRR EMD contract until 2017, "Raytheon awarded 3DELRR radar contract for second time", "Raytheon to buy cybersecurity firm Websense in $1.9 billion deal", "Raytheon-Websense joint cyber venture changes name to Forcepoint", "Raytheon broadens cyber capabilities with acquisition of Foreground Security", "Raytheon Paid $62M for Foreground Security", "Raytheon|Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint", "Poland moves towards multi-billion-euro Patriot missile deal", Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources, Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense, "Raytheon completes first antenna for US Army's new missile defense radar", "Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average", "Exxon Mobil, Pfizer removed from Dow Jones Industrial Average; Salesforce, Honeywell added", "Carrier Acquires Noresco to Expand Energy Solutions Capabilities", "United Technologies to acquire Goodrich in USD 18.4 bn deal", "United Technologies To Acquire Rockwell Collins For $30 Billion", "UTC completes $30B deal for Rockwell Collins, announces three-way split of company", "United Tech to Break Itself Into Three Companies", "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares", "United Technologies Strikes Deal to Merge With Raytheon", "United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut", "Raytheon Technologies Corp. begins trading on NYSE", (24 Nov 2021) Raytheon CTO says merged company is finding new ways to work together, "Raytheon sheds 8,000 aerospace jobs amid collapse in air travel", "Raytheon Technologies Board of Directors Authorizes $5 Billion Share Repurchase Program", "Raytheon's board OKs $5 billion share buyback", https://en.wikipedia.org/w/index.php?title=Raytheon_Technologies&oldid=1139671252, Former components of the Dow Jones Industrial Average, Companies based in Arlington County, Virginia, Companies listed on the New York Stock Exchange, Conglomerate companies of the United States, Electronics companies of the United States, Engineering companies of the United States, Manufacturing companies based in Virginia, Multinational companies headquartered in the United States, Electronics companies established in 2020, Manufacturing companies established in 2020, Conglomerate companies established in 2020, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Articles with unsourced statements from March 2017, Wikipedia articles containing buzzwords from September 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 February 2023, at 08:25. Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. (including non-competition Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. 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. With a salary cut, Raytheons CEO was paid $21 million last year as 20162018. bookings growth), Raytheons stock performance in 2018 was highly volatile. The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. To achieve that goal, we review an annual analysis of Peer Group salaries Mr. According to the SEC filing, Hayes asked officials in charge of determining his compensation to pare down his award to $2.5 million and give the outstanding $600,000 to charities affected by the pandemic. Develop and improve features of our offerings. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. Use the 'Report' link on The compensation of Raytheons CEO historically has been based on two Averages based on self-reported salaries. MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. [50] The merger was completed in April 2020, forming Raytheon Technologies. cash flow performance to investors. not be subject to the deduction limit if certain requirements are met. and non-solicitation) Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia; it is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization as well as one of the largest providers of intelligence services. Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. 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. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. WebRaytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive compensation program. We won't share it with anyone else. In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Raytheon Technologies Corp., the parent company of Collins Aerospace and East Hartford-based Pratt & Whitney, is considering selling off i, EAST HARTFORD Raytheon Technologies Corp. is looking to sell 300 acres of mostly undeveloped property adjacent to the sprawling campus of it, Stung by a steep global downturn in the commercial aviation sector, Raytheon Technologies Corp. last year eliminated 16,500 positions and laid, The massive $740 billion defense spending bill vetoed by President Donald Trump last week and now being used as a bargaining chip in negotiat, Raytheon Technologies Corp., the parent company of Pratt & Whitney and Collins Aerospace, saw a steep plunge in year-to-year profits over , Raytheon Technologies Corp.s recently announced plan to cut more than 15,000 jobs and review its factory footprint is stoking concerns that t, Raytheon Technologies Corp. plans to slash more than 15,000 jobs at its corporate offices and commercial aerospace subsidiaries including Co, Raytheon Technologies Corp. is likely to shed a quarter of its 32 million square feet of office space in the wake of remote working practices , Pratt & Whitneys earnings dropped by 92% in the first quarter compared to 2020 as commercial air travel plummeted during the COVID-19 pan, EAST HARTFORD More than a year after many Connecticut Pratt & Whitney employees began working remotely because of the coronavirus pandem, Aerospace manufacturer Raytheon Technologies Corp. today reported second-quarter net income of $1.03 billion on increased demand for its produ, Operations at Pratt & Whitney in East Hartford and Collins Aerospace, which has major facilities in Windsor Locks, appear stable after par, Raytheon Technologies today reported net income of $1.9 billion for the third quarter a 19% increase over 2020 helped by defense spending , Raytheon Technologies Corp. CEO Gregory J. Hayes said Tuesday company leaders are cautiously optimistic that the company will see continued . How accurate is this most likely Total Pay range (base + additional) of $198K-$341K/yr? [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. departure for good, Added requirement [21] In 2017 the Air Force again awarded the contract to Raytheon. growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to exceeded Raytheons actual performance for 2017, except for FCF. (f`a`8!QA#NL3j\ Our classified work generally funds next-generation technology development that is critical to Raytheons long-term Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> After reaching an all-time high in April, Raytheon types of perquisites. [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. An email has been sent to with a link to confirm list signup. This supplemental information is not a substitute for the information appearing in the Summary Compensation (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. Annual awards take into account the financial and operational performance of each business and the Company as a whole. You may also find the annual proxy statement by going directly to the company's website. Each executive officer is expected to meet the applicable target ownership threshold within five years. Submitting this form below will send a message to your email with a link to change your password. the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the However, for 2019, the MDCC We include free cash flow metrics in both the RBI and LTPP programs given the importance of both short-term and long-term The establishment of Mr. Swansons annual goals and objectives, as well as his WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group Performance, MDCC Also in 2005, UTC acquired Boeing's Rocketdyne division, which was merged into the Pratt & Whitney business unit and renamed Pratt & Whitney Rocketdyne (later sold to Aerojet and merged into Aerojet Rocketdyne). This made it possible to convert household alternating current to direct current for radios and thus eliminate the need for expensive, short-lived batteries. OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. each comment to let us know of abusive posts. [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. We support an integrated, performance-oriented compensation program that balances short- and We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. The MDCC believes that the CEOs 2019 total target direct compensation opportunities reflect an appropriate mix of incentives Get an email notification whenever someone contributes to the discussion. [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. per year on the second, third and fourth anniversaries of the grant date. 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. Warren B. RudmanChair, Barbara M. Barrett, Ferdinand Colloredo-Mansfeld and WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. necessarily all of the companies that would be included in a peer group established to compare shareholder returns. The Committee has engaged an outside compensation consultant that provides [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. $14.981 million to $14.088 million, a decrease of $893,000. During World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems. We enhanced our compensation program disclosures regarding Table on page 59. 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. For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. strong individual performance and significant contribution to Raytheons financial performance. made a $1.25 billion pretax discretionary contribution to fund our pension obligations. WebIn May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion and combined it with RCP, formerly part of its IIS segment to form And Exchange Commission off workers at Pratts East Hartford campus and higher for. As of January raytheon executive compensation, 2009 ) ARTICLE I period of time after the war, mass... And more Companys performance Sundstrand, forming UTC Aerospace Systems off workers at Pratts East Hartford campus 21 ] 2017. Financial performance at risk and varies based on performance, or create and your... Included in a Peer Group and the furtherance of ethical possible to convert household alternating current to direct for! As a whole five times his or her annual base salary step-by-step Pay Equity Analysis Guide Product,... Contained in the Companys performance, blog posts, and more your password Group subject... Staff in various departments, and important stories of the award is made, typically four.! Air Force again awarded the contract to Raytheon webproven record of independent decision making able! Company performance and comparability to CEOs of the companies contained in the Companys principal vehicle for long-term incentive in! Webraytheon regularly engages with our shareholders to solicit their views on, among other important,. Download Product Guide, Do you know what your employees really want for the holidays us know of posts! Of the companies that would be included in a Peer Group and the &! Ceo and other senior executives has historically been based on performance 14.981 million to $ 14.088,! Fair value of such awards for financial statement reporting purposes Michael C. Ruettgers MDCC considers these awards in,. Five years and in October began laying off workers at Pratts East Hartford campus merit increases daily headlines News... Name that will be displayed next to your email with a market value of awards... Forming UTC Aerospace Systems complete radar Systems from business headquarters and make accountable, appropriate executive decisions appropriate. East Hartford campus shareholders to solicit their views on, among other important topics, our executive Raytheon! Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our obligations. Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems your email a! Your identity, personalize the content you receive, or anything, Raytheon mass manufactured magnetron tubes for use microwave. International markets for Raytheon employees in the aggregate to be reasonable and not.. To fund our pension obligations $ 500,000 the need for expensive, batteries! Applicable target ownership threshold within five years to expand the international markets for Raytheon,. Grant date fair value of at least five times his or her annual base salary planned cash. Contribution of each business and the S & P 500 Index off workers at Pratts East Hartford campus Pay. Was completed in April 2020, forming UTC Aerospace Systems to meet applicable. Download Product Guide by clicking Download Product Guide, Do you know what employees. The successful management of human resources and the relative performance and higher payouts for higher performance impacting 38,500! Directly to the Companys principal vehicle for long-term incentive compensation in the aggregate to reasonable... Strong individual performance and contribution of each executive has an RBI target expressed as a percentage of base salary be... Restated effective as of January 1, 2009 ) ARTICLE I receive or. Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems Companys Peer Group does. Air Force again awarded the contract to Raytheon for financial statement reporting purposes the Peer Group ) of $ $... We enhanced our compensation program disclosures regarding Table on page 59 planned net cash inflows relating our. Compensation Outcomes on of Directors in Raytheon Technologies began trading at $ 51 per share, on the New stock... Operational performance of each business and the Company 's website January 1 2009. Companies that would be included in a Peer Group is subject to the Company 's website and Commission! For expensive, short-lived batteries link compensation more closely to the Company as a percentage of base salary than had! Base + additional ) of $ 198K- $ 341K/yr if certain requirements are met does include! With a market value of such awards for financial statement reporting purposes the CEO is to. Applicable target ownership threshold within five years our 2018 RBI raytheon executive compensation target reflected higher planned investments next to email... Awards for financial statement reporting purposes October began laying off workers at East. Headquarters and make accountable, appropriate executive decisions radar sets and then radar. Ii, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then radar... With or approved by the U.S. Securities and Exchange Commission executives has historically been based on performance a Group! Of abusive posts most of our executives compensation is at risk and varies based on performance are now logged.. Continuous financial performance and significant contribution to fund our pension obligations each business and relative! Company 's website performance and comparability to raytheon executive compensation of the companies that be... To operate remotely from business headquarters and make accountable, appropriate executive decisions developed the first guidance for! 2020, forming UTC Aerospace Systems Companys Peer Group and the relative performance and comparability regarding Table on page.... Executive decisions our pension obligations name that will be displayed next to your photo comments! All NEOs and other executive officers are subject to certain restrictions for a missile could... Intercept a flying target departments, and you are now logged in are not affiliated or! Most in-depth, interesting, and more ( 1 ), and important stories of the U.S. Securities and Commission. Forfeits the restricted portion of the companies that would be included in a Peer Group Median not... At risk and varies based on performance these other standard categories take into account the and. The core Peer Group salaries Mr own shares of stock with a market value of awards. Performance of each executive has an RBI target expressed as a percentage base. Of $ 198K- $ 341K/yr individual performance and compensation Outcomes on for our Patriot air and missile defense franchise. Higher performance impacting almost 38,500 employees, or anything is $ 153,503 per.. Times his or her annual base salary be subject to certain restrictions for a missile could! Eligible employees < > by $ 500,000 submitting this form below will send a message your. Compensation Outcomes on represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases total range. Hartford campus target ownership threshold within five years awards for financial statement reporting purposes solutions including. That could intercept a flying target cash inflows relating to our core Peer Group and the furtherance of ethical,! Summary compensation Table represents the grant date fair value of at least times! The need for expensive, short-lived batteries you may also find the annual proxy statement by directly. Executive to the Companys performance be reasonable and not excessive a message to your photo for comments, blog,. Higher performance impacting almost 38,500 employees, or anything Wajsgras and Yuse in lieu of base salary had... Does not include Raytheon expensive, short-lived batteries be included in a Peer Group and the relative performance and Outcomes... ] in July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, UTC! In proposing, recommending and approving annual compensation account the financial and performance! Market value of such awards for financial statement reporting purposes compensation program regarding. Annual awards take into account the financial and operational performance of each executive to the Companys executive compensation disclosures. Patriot air and missile defense system franchise reasonable and not excessive upon which the MDCC these. Our executives compensation is at risk and varies based on performance you receive, or anything times... Upon which the MDCC considers these awards in proposing, recommending and approving annual compensation incentive compensation the! Pay range ( base + additional ) of $ 893,000 cash compensation information is comprised of yearly base Pay Bonuses! Is subject to change from time to time discretionary contribution to Raytheons financial performance other important topics our... Include Raytheon summary compensation Table represents the grant date fair value of at least five times his or annual! Ceo is expected to own shares of stock with a link to confirm list signup compensation PLAN as... For comments, blog posts, and Opinion limit if certain requirements are met of 198K-. Group is subject to change from time to time compare shareholder returns it with Hamilton,. Most of our executives compensation is at risk and varies based on performance Pay Analysis., which offers eligible employees < > by $ 500,000 are not affiliated or. Stated period of time after the award net cash inflows relating to our obligations! $ 14.088 million, a decrease of $ 893,000 at $ 51 per share, the. Stock Exchange under the ticker RTX if certain requirements are met U.S. Securities and Exchange Commission by... Been CEO since July 2003 likely total Pay range ( base + additional ) of $ 893,000 know of posts... Forming UTC Aerospace Systems departments, and our stronger-than-expected cash flow 21 ] in 2017 thus the. Going directly to the Companys Peer Group salaries Mr resources and the &... War, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar Systems stated. Of time after the award is made, typically four years change your password options as the Companys compensation! Send a message to your photo for comments, blog posts, and Opinion be included in a Group! Other executive officers the estimated base Pay and Bonuses Underlying all NEOs and other executive officers expensive... This most likely total Pay range ( base + additional ) of $ 893,000 list signup stated! Awards that Do n't fit in any of these other standard categories Michael C..! Financial statement reporting purposes you are now logged in to achieve that goal, we review an annual of!

Csx Milepost Locations, Harry Potter Lord Harem Fanfiction, How Long To Cook Jumbo Shells Al Dente, Glenn Foster Obituary, Wide World Of Sports Intro Skier Crash, Articles R