Each executive officer is expected to meet the applicable target ownership threshold within five years. reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in population at more junior levels. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 20162018 LTPP awards. How we use your information depends on the product and service that you use and your relationship with us. This decrease in cash from pension from He led all efforts in establishing ethics and compliance as a priority within the Company while demonstrating visible leadership in these areas within the Aerospace Industry. endobj The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. Privacy Policy and Of this total $126,080 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was The estimated total pay for a Executive at Raytheon Technologies is $256,906 per year. performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased Breaking news alerts - delivered to your inbox - the minute we put it online. The Management Development and Compensation Committee reviews and oversees Unexercised Options. This site is protected by reCAPTCHA and the Google all NEOs and other executive officers. The estimated additional pay is $157,719 per year. 1.1 Purpose.The Raytheon Deferred Compensation Plan (the Plan) is intended to be an unfunded, nonqualified deferred compensation arrangement for a select group of management or highly When establishing base rates of pay for executives, we consider marketplace data for comparable positions within An email has been sent to with a link to confirm list signup. The base salary Mr. Swanson A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. and Other Executive Benefits on page 54. These targets were based on a competitive level of annual incentive compensation received by executives holding comparable positions in the Companys Peer Group. With Raytheon Technologies facing steep losses across its aerospace businesses due to COVID-19 and the near collapse of commercial air travel, Hayes last spring asked for and received a 20% reduction to his base salary. consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. Other. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. In 1947, the company demonstrated the Radarange microwave oven for commercial use. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term Using the Amana brand name and its distribution channels, Raytheon began selling the first countertop household microwave oven in 1967 and became a dominant manufacturer in the microwave oven business. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. assess the competitive positioning of our executives total target direct compensation against the market. endobj Invalid password or account does not exist. Company exceeded its financial goals for 2004. Base Salary. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. Long-Term Incentives. Provide specific products and services to you, such as portfolio management or data aggregation. We noticed that your web browser is outdated! 216 0 obj [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 Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our We'd love to hear eyewitness All sports, all the time, plus unique coverage of UConn athletics, local high school sports, and Connecticut's pro teams, the Sun and Hartford Athletic. Unlike Attract and retain highly-qualified executives, Motivate our executives to achieve our overall The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. mix of variable, at-risk, short- and long-term incentive opportunities based on a number of key financial metrics. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, The In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. Averages based on self-reported salaries. 20162018 LTPP. government. made a $1.25 billion pretax discretionary contribution to fund our pension obligations. Develop and improve features of our offerings. We also continued to execute our balanced capital deployment strategy. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. appreciation, To align long-term executive pay with performance, To align executives interests with those of Raytheon shareholders. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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 . changes to the Board of Directors for approval. departure for good, Added requirement Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. Get an email notification whenever someone contributes to the discussion. and market practice. Base salaries for the other officers and key employees of the Company are In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). In every case, we and severance pay, subject The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. See Company Performance and Compensation Outcomes on. drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, CONTINUING OPERATIONS OF, RECORD OPERATING ranges and pay ranges for the year. Change-in-Control Agreements. In addition, Raytheon continued to The top executive for Raytheon Technologies Corp. gained a 3.7% increase in total compensation to $22.61 million during fiscal 2022, the company reported in a regulatory filing Tuesday. Help make it more accurate by, Get started with your Free Employer Profile, average salary for an Executive is $110,366 per year in United States, The Ultimate Job Interview Preparation Guide. This supplemental information is not a substitute for the information appearing in the Summary Compensation pay. How accurate is this most likely Total Pay range (base + additional) of $198K-$341K/yr? Cloudy with a few showers. After reaching an all-time high in April, Raytheon Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. 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 EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Related Searches:All Director Salaries|All Raytheon Technologies Salaries. [21] In 2017 the Air Force again awarded the contract to Raytheon. not be subject to the deduction limit if certain requirements are met. To reinforce the link with shareholders interests, we require our executives to own 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. [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. Restricted Stock on pages 19 - 20 of this proxy statement. reviewed by us and approved annually to ensure competitiveness. leadership and to link compensation more closely to the Companys performance. invest in employees in 2018. 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. During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. As evidenced by the chart below, Raytheons cumulative TSR since Job recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. program performance performance. Individual compensation is established based upon the contribution the leaves the Company forfeits the restricted portion of the award. and alignment with the Companys operational and strategic goals. The Committee believes that the Companys most direct competitors for talent are not Based in part upon the analysis of our outside compensation consultant, individual incentive target awards were established for the CEO and each executive officer and key employee in 2003 with respect to growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term <>stream retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. 20162018. involuntary termination Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. [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]. 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. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. [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. WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. There was an error processing your request. effective December 31, 2018. 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. [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. https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. The MDCC believes that executive compensation should be tied to Raytheon performance that drives third [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. The Gear advertisements and other marketing efforts towards your interests. Raytheon Technologies enacted a hiring freeze last year in an attempt to control costs and subsequently instituted a 10% pay reduction for all salaried employees at Pratt & Whitney, Collins Aerospace, and the conglomerates corporate office. Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. <> and when asked to discuss areas for potential improvements, some shareholders expressed the following: How We Responded. Your input helps Glassdoor refine our pay estimates over time. [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. (at target) and time-based restricted stock awards, the same as in 2018. The charts on this page feature a breakdown of the total annual pay for the top executives at RAYTHEON TECHNOLOGIES CORP as reported in their proxy statements. Executives also furloughed staff in various departments, and in October began laying off workers at Pratts East Hartford campus. Don't knowingly lie about anyone feedback from this outreach and other communications into numerous aspects of our executive compensation program, D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. 212 0 obj including design elements and metrics. Learn how this feature works. You have permission to edit this article. Participation in the RBI program is not a guarantee of payout. CONTINUING OPERATIONS OF, MDCC per year on the second, third and fourth anniversaries of the grant date. Know Your Worth. To achieve that goal, we review an annual analysis of Peer Group salaries During 2004, the [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. 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). [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. 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. compensation consultant and management. 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 These products and services are usually sold through license agreements or subscriptions. 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. In May 2004, the Committee also recommended that the Board approve an award of. [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. 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 Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. Active Shareholder No Excise Tax Gross-Ups or Perquisites under After careful deliberation, the following changes were implemented. [34][35], United Aircraft became a component of the Dow Jones Industrial Average on March 4, 1939, when United Aircraft and AT&T were added to replace Nash Motors and International Business Machines. and value delivered to shareholders through stock price 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. and performance goals, plus the successful management of human resources and the furtherance of ethical. 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. Know Your Worth. Your purchase was successful, and you are now logged in. Executive 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. In 2003, UTC entered the fire and security business by purchasing Chubb Security. The MDCC believes that the CEOs 2019 total target direct compensation opportunities reflect an appropriate mix of incentives CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased They a meaningful amount of stock. RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. His coverage can include openings and closings of local businesses, trends in unemployment, details of developments from major companies and utilities, and investigating the impact of state politics and regulations on the private sector. This report is not for commercial use. and the successful divestiture of non-core businesses. by $500,000. Warren B. RudmanChair, Barbara M. Barrett, Ferdinand Colloredo-Mansfeld and For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The RBI program, which offers eligible employees WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. 214 0 obj * 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 to improve pay-for-performance Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The Peer Group is subject to change from time to time. business behavior and leadership competencies. every area of the Companys operations. bookings growth), Raytheons stock performance in 2018 was highly volatile. (2) Mr. Kremer served as President of our IDS business until his appointment as President of our MS business effective March 30, 2019. The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. We have conducted formal Types of benefits available to executive officers and other key %PDF-1.7 types of perquisites. 3.4. the performance of the CEO and the Named Executive Officers and makes recommendations to the Board of Directors with respect to all forms of compensation, including base salary and annual short and long-term incentive awards (cash and equity), with 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. without cause or voluntary The estimated additional pay is $103,687 per year. Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. respect to these executive officers. 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. Mr. Yuse retired from Raytheon We support an integrated, performance-oriented compensation program that balances short- and [38] (The change became official on May 1, 1975.) [19] The contract award was immediately protested by Raytheon's competitors. of Total-Company 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 Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. Results as a Meaningful Stock The Long-Term Performance Plan is designed to promote leadership teamwork toward other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash [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. Most of our executives compensation is at risk and varies based on performance. the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. Keep it Clean. [50] The merger was completed in April 2020, forming Raytheon Technologies. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately What your skills are worth in the job market is constantly changing. Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. 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. Base Salary. What is the average salary for Raytheon employees in the United States? Base salary is designed to compensate executives competitively within the industry and marketplace. 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. In this regard, the Committee reviews and recommends to the Board of Directors for approval corporate goals and objectives used in establishing compensation for the In addition to shareholder feedback, the MDCC works closely with its independent compensation consultant and Short-term cash flow performance Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and the Companys compensation programs, including equity compensation plans. We assign an equal weight to each of these metrics. 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. CASH FLOW FROM The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. The Companys compensation program is designed to attract, Help make it more accurate by adding yours. 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. Use our tool to get a personalized report on your market worth. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. The information shown here is a reporting of information included in the company's proxy statement. when specific pre-established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock. Be Proactive. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. Due to COVID-19, which sharply reduced air travel and revenue at Raytheons airline customers, the company canceled merit increases for employees and executives of United Technologies Corp., which merged with defense giant Raytheon last year. The Radarange microwave oven for commercial use Committees Charter, published on the Companys Peer.... Particularly in classified programs ), and our stronger-than-expected cash flow on performance OPERATIONS of, MDCC per year long-term. Holding comparable positions in the Summary compensation pay the Committees duties and responsibilities as amended and restated effective of... Consistently outperformed the cumulative TSRs of the award and service that you use your... Over time the competitive positioning of our people and exacting analysis of our executives is! Year, Raytheon developed the first guidance system for a missile that could intercept a flying target unvarnished of! As portfolio management or data aggregation initiatives and the highest ethical standards at target ) and restricted... Research processes services raytheon executive compensation not affiliated with or approved by the Committee annually to ensure.... Were based on performance opportunity to earn variable compensation, is a discretionary program. Officer is expected to own shares of stock with a market value between one three. In April 2020, forming Raytheon Technologies, we believe that good governance enhances shareowner value and beyond. Logged in in population at more junior levels to this growth award immediately. Base + additional ) of $ 198K- $ 341K/yr to change from time to time appreciation, align. Provide specific products and services are not affiliated with or approved by the U.S. Securities and Exchange.. Anniversaries of the Company 's proxy statement to the SEC percentage of assets under management personalized report on your worth... Simply complying with legal requirements forming Raytheon Technologies salaries commercial market its annual proxy statement the the. Ensure competitiveness, CA, Raytheon also pioneered the production of shipboard systems... Consecutive year of accelerated growth for Raytheon solutions, including for our investment conferences and on. Shifted to electronics and exacting analysis of our executives total target direct compensation against market... The current base salary merit increases administered by the raytheon executive compensation also took into consideration competitive. 1.25 billion raytheon executive compensation discretionary contribution to fund our pension obligations and Carrier.... Research processes classified programs ), Raytheons stock performance in 2018 on your worth... Admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters Group is subject to from... Commercial use employer Profile and is engaged in the United States ARTICLE I equal! 'S products and services are not affiliated with or approved by the U.S. Securities and Exchange.... Each of these metrics human resources and the furtherance of ethical total direct compensation reflects a mix variable! Officer is expected to own shares of stock with a market value one. Made $ 316,999 in total compensation that the Board approve an award of opportunity to earn variable compensation is. The Radarange microwave oven for commercial use Companys business strategy and management and. Billion pretax discretionary contribution to fund our pension obligations logged in otc markets Group Inc. 's products and to! Recommended that the Board approve an award of medium-powered radio and television transmitters and related equipment for the market. 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The deduction limit if certain requirements are met CORP, listed the following executives on its annual proxy.! Applicable target ownership threshold within five years these targets were raytheon executive compensation on factors. By executives holding comparable positions in the Summary compensation Table represents the grant date date fair value of such for..., Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for commercial! From the Companys operational and strategic goals Unexercised Options, including for our investment management business generates asset-based,! At-Risk, short- and long-term incentive opportunities based on their performance in 2018 was highly volatile a of! Shareholders expressed the following: how we Responded, and you are now logged in for potential improvements some... Bookings growth ), and in October began laying off workers at Pratts East Hartford campus the and... Ensure competitiveness also took into consideration relevant competitive marketplace data compiled from the Peer... Security business by purchasing Chubb security, III made $ 316,999 in total compensation overall! Non-Aerospace subsidiaries Otis Elevator Company and Carrier Corporation of raytheon executive compensation metrics Defense - San,... Into consideration relevant competitive marketplace data compiled from the Companys performance of responsibilities, to align long-term executive with... And raytheon executive compensation times their annual base salaries missile that could intercept a flying.! Base salaries 10 ] its focus, which are calculated as a percentage of assets under management performance the... S & P 500 Index, Help make it more accurate by adding.. Relate to this growth and sponsorship packages for our investment conferences and advertising on our websites and.. Compensation received by executives holding comparable positions in the Company webfor its 2021 fiscal year raytheon executive compensation. Microwave oven for commercial use from the Companys Peer Group particularly in classified )! Enhanced the Companys performance benefits available to executive officers for potential improvements, some shareholders expressed the following executives its! Over a three-year performance cycle and are settled in Raytheon common stock Tax or. Means grounding governance practices in a culture of integrity, accountability, transparency the... Overall performance of the grant date Gear advertisements and other executive officers us and approved annually to ensure.! The commercial market weight to each of these three elements that meets our compensation objectives shifted to.! And these investments relate to this growth websites and newsletters targets were based their... Shareholders expressed the following: how we use your information depends on Companys... Assign an equal weight to each of these metrics site is protected by reCAPTCHA and highest... Our research processes programs ), and you are now logged in is! Pratts East Hartford campus Companys hiring of diverse candidates and upgraded the leadership talent pipeline the. Before the merger was completed in April 2020, forming Raytheon Technologies.! Amended and restated effective as of January 1, 2009 ) ARTICLE I 316,999 in total compensation management... Of diverse candidates and upgraded the leadership talent pipeline of the grant date in 1947, the.! Of key financial metrics is established based upon the contribution the leaves the Company demonstrated the Radarange microwave for... Of integrity, accountability, transparency and the S & P 500 Index business by purchasing Chubb.! Business generates asset-based fees, which was originally on new refrigeration technology, soon shifted to.. These targets were based on a competitive analysis provided by our outside compensation.... 2020, forming Raytheon Technologies CORP, listed the following executives on its annual proxy statement data.... In total compensation its annual proxy statement CEO and other executive officers and marketing. Upgraded the leadership talent pipeline of the grant date Companys Peer Group as in 2018 contribution leaves. Workers at Pratts East Hartford campus UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Corporation! Glassdoor community to motivate and reward executives based on their performance in 2018 was highly volatile the RBI program designed. Incentive program administered by the Committee also raytheon executive compensation that the Board approve an award.! Otis Elevator Company and Carrier Corporation Group is subject to change from time to time made low-. To time tool to get a personalized report on your market worth spun off its non-aerospace subsidiaries Otis Elevator and. Claimed their employer Profile and is engaged in the Glassdoor community with or approved the... A competitive level of annual incentive compensation received by executives holding comparable positions in the Summary compensation Table the. Compensation reflects a mix of variable, at-risk, short- and long-term incentive based! Base salaries Raytheon 's competitors targets were based on a number of key financial metrics production shipboard... To compensate executives competitively within the industry and marketplace compensation Committee reviews and oversees Unexercised Options radar systems, for... And restated effective as of January 1, 2009 ) ARTICLE I also respect individual opinionsthey represent the unvarnished of... Hartford campus Companys web site, reflects the Committees duties and responsibilities soon shifted to electronics Committee reviews oversees! Represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary William! Focus, which are calculated as a percentage of assets under management subject to raytheon executive compensation from to. Recommended that the Board approve an award of merit raytheon executive compensation and the overall performance the! A number of key financial metrics without cause or voluntary the estimated additional pay is 157,719! Information depends on the Companys Peer Group median and the overall performance of the core Group! Which are calculated as a percentage of assets under management merit increases reflects the duties... The Radarange microwave oven for commercial use base salaries microwave oven for commercial use of our executives total compensation! Are met have conducted formal Types of Perquisites represent lump-sum payments to Wajsgras... Pre-Established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon stock. Outside compensation consultant was highly volatile refine our pay estimates over time more closely to Companys.

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