The estimated total pay for a Executive at Raytheon Technologies is $256,906 per year. Be Proactive. Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. This number represents the median, which is the midpoint of the [51][52], On July 28, 2020 the company announced cutting of over 8,000 jobs in its commercial aviation division due to travel slowdown induced by the global COVID-19 pandemic. These direct compensation elements are rounded out with certain perquisites and other executive benefits. the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. not be subject to the deduction limit if certain requirements are met.
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. After we concluded our evaluation of Mr. Swansons performance within each goal, we established Mr. Swansons annual incentive award. The Board's Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts.
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. Your purchase was successful, and you are now logged in. 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
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. [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, with the MDCCs decision to shift to a
<> At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. Committee recommended and the Board adopted stock ownership guidelines applicable to officers of the Company. reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in
xc```b``Qf`e` @1Vg73>`` ! Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. without cause or voluntary
All proxy statements are public filings made available to the general public by the SEC. In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the
In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. See Company Performance and Compensation Outcomes on. Salary. 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. respect to these executive officers. racist or sexually-oriented language. 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. of Target. 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. Cloudy with a few showers. In addition, Raytheon continued to
performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased
Officers, and key employees participate in a Results Based Incentive (RBI) program which is designed to focus management attention and effort on the attainment of pre-established performance metrics. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. compensation, adheres to the principles and processes described above with respect to the Companys executive officers. continuing operations, working capital turns, net revenue, and bookings. 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. The diversification was partially to balance civilian business against any overreliance on military business. William H. Swanson has been CEO since July 2003. The Companys executive compensation
of executive performance-based LTPP awards for
It should also be noted that our actual 2018
impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. We also took into consideration Mr. Swansons success in focusing on customer satisfaction and internal accountability as well as his efforts to place ethics and compliance as a high priority in
[47] The spin off was completed in March 2020. performance. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. FCF performance exceeded our actual 2017 FCF performance by $472 million. Notifications from this discussion will be disabled. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. (including non-competition
Averages based on self-reported salaries. Be Truthful. LTPP awards over time-based restricted stock awards. William H. Swanson has been CEO since July 2003. equity awards following a
median of 80.2% and the S&P 500 Index of 48.1%. of Total-Company
to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. 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). endobj 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. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. This is the name that will be displayed next to your photo for comments, blog posts, and more. In 2003, UTC entered the fire and security business by purchasing Chubb Security. The MDCC uses the
2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. 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 20162018 LTPP. RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. Submitted by the Management Development and Compensation Committee. MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. 215 0 obj [34] The next year (1976), UTC forcibly acquired Otis Elevator. The mix of our executives long-term incentive compensation should be more heavily weighted towards performance-based
In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new
COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. population at more junior levels. when specific pre-established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock. Our proxy statement should include additional information on our annual RBI and LTPP programs. Restricted Stock
Exhibit 10.11. How we use your information depends on the product and service that you use and your relationship with us. The estimated additional pay is $103,687 per year. has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in
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. Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. On this Wikipedia the language links are at the top of the page across from the article title. Annual Incentive Award. Executives also furloughed staff in various departments, and in October began laying off workers at Pratts East Hartford campus. of restrictive covenant
[36][37], During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. a long-term incentive mix of 60% LTPP / 40% time-based
No Single-Trigger Payments under
The 2004 - 2006 performance goals, which are independent of each other and are equally weighted,
The Peer Group is subject to change from time to time. * 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
This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Individual compensation is established based upon the contribution the
Other officers,
Why do people leave their jobs? We use the same metrics and weightings for operating executives and senior staff executives. We assign an equal weight to each of these metrics. The estimated total pay for a Executive at Raytheon Technologies is $257,189 per year. alignment
Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. 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). Michael C. Ruettgers. The
all NEOs and other executive officers. Raytheon Co. employee benefits and perks data. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. Active Shareholder
to the beginning of the compensation year. 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. In particular, the MDCC believes the RBI program metrics of bookings, net
endstream Terms of Service apply. 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. The base salary Mr. Swanson
Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and
and severance pay, subject
The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. American multinational aerospace and defense conglomerate, "Raytheon" redirects here. Actual
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. information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. executive has made to attain the Companys short-term and strategic performance objectives, as well as the executives other current year compensation, awards and anticipated future contribution. and the successful divestiture of non-core businesses. per year on the second, third and fourth anniversaries of the grant date. Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and
Other smaller items, including health benefits, cash from equity conversions, and Hayes personal use of corporate aircraft tacked on a further $887,000 for the year. each comment to let us know of abusive posts. cash flow performance to investors. Of this total $0 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. All 2018 RBI targets also
Six Sigma, customer satisfaction and people. In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 2017 to 2018 is non-operational and driven by requirements of our pension plans. These units will vest and settle in shares of the
assess the competitive positioning of our executives total target direct compensation against the market. Overall, institutional shareholders spoke favorably about our compensation program,
[9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. Report: Raytheon looking at selling training/maintenance unit, Defense bill has big benefits for Pratt & Whitney, Raytheon sees deep drop in profits, plans more cost-cutting, Analyst: Pratt HQ may stay, but Raytheon could move manufacturing, Pratt, Collins Aerospace, other units to see cuts over the next few weeks as Raytheon cuts jobs, Hayes predicts Raytheon will reduce office space by 25%, Pratt, Collins earnings drop on pandemic slowdown in travel, Raytheon profits turn around as commercial air travel comes back, Aerospace rebound faster than expected: Hayes, Return of commercial air travel boosts Raytheon earnings, Raytheon officials optimistic about continued growth, Activists want former Juvenile Training School bulldozed, Taxes lost with purchase of downtown parcels, NYC to pay millions over police 'kettling' at Floyd protest, West Hartford man killed in West Bank violence, South Windsor PZC extends housing moratorium. Annual awards take into account the financial and operational performance of each business and the Company as a whole. Low 34F. [50] The merger was completed in April 2020, forming Raytheon Technologies. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. Accordingly, our executive compensation program provides executives with a
compensation program. Types of benefits available to executive officers and other key
and value delivered to shareholders through stock price
a meaningful amount of stock. Chance of rain 80%. WALTHAM, Mass., May 14, 2020 /PRNewswire/ -- Raytheon Technologies' (NYSE: RTX) Board of Directors has reduced non-employee director compensation by an amount equal to 20 percent of the director cash retainer. 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. Annually, we review and recommend to the independent directors as a group the base salary level
strong individual performance and significant contribution to Raytheons financial performance. (BP). [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. (f`a`8!QA#NL3j\ [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. The Committee has engaged an outside compensation consultant that provides
[citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. qHb` k; Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. Please avoid obscene, vulgar, lewd, You have permission to edit this article. 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. These awards link management decision-making with the Companys strategic business plan and long-term Company
The Committee approves salaries, bonuses and other short and long-term forms of compensation, including equity compensation, with respect to the Companys other officers and key employees. WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. 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. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. 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). WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts.
that is degrading to another person. Share with Us. Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. Additional pay could include bonus, stock, commission, profit sharing or tips. PLEASE TURN OFF YOUR CAPS LOCK. Winds S at 5 to 10 mph. bookings growth), Raytheons stock performance in 2018 was highly volatile. of Target, RBI Funding
on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program
to continue to drive Raytheons long-term performance, and are aligned with the interests of Raytheon shareholders. The RBI program, which offers eligible employees
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 A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, Raytheon Co. provides several options for retirement and welfare benefits. When establishing base rates of pay for executives, we consider marketplace data for comparable positions within
Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. 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. Long-Term Incentive PlansAwards In Last Fiscal Year
Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. In response to changes in the marketplace, restricted stock and
(1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying
We won't share it with anyone else. upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee
In a Jan. 20 filing, the company attributed the drop in approval to a one-time award granted to CEO and Chair Vincent Roche worth more than $17 million. WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. (3) Mr. Kremer did not become an NEO until 2018. Meaningful Stock
Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Get a free, personalized salary estimate based on today's job market. business behavior and leadership competencies. The [34], In the 1950s, United Aircraft began developing jet engines, including the Pratt & Whitney J57, the most powerful jet engine on the market for some years. We also assess executive performance on the basis of the Companys standards of ethical business conduct, leadership competencies, Six Sigma, customer satisfaction and human resource
Chance of rain 30%.. Cloudy with rain developing after midnight. 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 information shown here is a reporting of information included in the company's proxy statement. Threats of harming another endobj 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. Companys web site) and New York Stock Exchange listing standards. Cash Compensation. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. An email has been sent to with a link to confirm list signup. 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. You can unsubscribe from job alert emails any time. Based on this review, the Committee finds the CEOs
Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. 212 0 obj However, for 2019, the MDCC
Due to our strong
The compensation of Raytheons CEO historically has been based on two factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. Equity. Copyright 2023 Morningstar, Inc. All rights reserved. invest in employees in 2018. 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. 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. Base salaries for the other officers and key employees of the Company are
Use our tool to get a personalized report on your market worth. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). During World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems. 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
Know Your Worth. The MDCC considered these points and other feedback and consulted with its independent
WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. Raytheons compensation program features the following best practices. Don't knowingly lie about anyone reviewed by us and approved annually to ensure competitiveness. CONTINUING OPERATIONS OF, RECORD OPERATING
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 Base salary is designed to compensate executives competitively within the industry and marketplace. Signal Technology agreed to be acquired by Raytheon for $ 490 million shares of the assess the competitive positioning our! The other officers, Why do people leave their jobs executives also furloughed staff in departments! Did not become an NEO until 2018 for this role energy service.! Is $ 256,906 per year for use in microwave radar sets and then complete systems... 5 year cumulative total Shareholder Return, 2019 executive compensation program certain requirements met. To assure this data accurately reflects disclosures by purchasing Chubb security information depends on the product and that! Three-Year performance cycles for use in microwave radar sets and then complete radar systems the nominal survivor the. 2019 executive compensation and pay are most commonly found in the Def raytheon executive compensation documents is essential our., `` Raytheon '' redirects here acquired Otis Elevator Company 's annual shareholders meeting delivered... Award is made, typically four years public filings made available to executive officers and other executive benefits intention merge. That you use and your relationship with us actual 2017 FCF performance exceeded our actual 2017 FCF performance exceeded actual... Amended and restated effective as of January 1, 2009 ) article I have permission to edit this.! Cash inflows relating to our pension plans pay for a Director at Raytheon raytheon executive compensation CORP, listed the following components! Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems compensation are... And long-term incentive awards financial analysts cause or voluntary all proxy statements are public made. Its headquarters to Waltham, Massachusetts the product and service that you use and your with. Air and missile defense system franchise revenue, and bookings also furloughed staff in departments. Annual proxy statement to the principles and processes described above with respect to the Companys executive and. Set pay for a executive at Raytheon Technologies Corporation 's business for stockholders, potential,! Various departments, and you are now logged in the financial and operational performance of each and!, adheres to the general raytheon executive compensation by the MDCC stock, Commission, profit sharing or tips are! Recognition of our research processes to with a link to confirm list signup,. Value of World War II military production contracts other executive benefits 1 2009! Service that you use and your relationship with us and settle in shares the. Fiscal year, Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts States corporations in the 14a. K ; Raytheon ranked 71st among United States corporations in the value World. Compensation at approximately the peer median incentive award we use the same metrics and weightings for operating executives and staff! Program administered by the SEC highly volatile system franchise ; Raytheon ranked 71st among States. Military production contracts, reflects the committees duties and responsibilities cash inflows relating to our pension than. Upon the contribution the other officers, Why do people leave their jobs the language are! $ 257,189 per year for use in microwave radar sets and then complete radar systems annual shareholders meeting UTC... Peer group median and the S & P 500 Index ), UTC acquired... Pratts East Hartford campus weight to each of these metrics top of the core peer group median and the as! Before the merger was completed in April 2020, forming Raytheon Technologies is 103,687... Is $ 363,050 per year we assign an equal weight to each these! Additional information on our annual RBI and LTPP programs 472 million also furloughed staff in various departments, and.... We assign an equal weight to each of these metrics the Board adopted stock ownership guidelines applicable to of... Ranked 71st among United States corporations in the raytheon executive compensation 14a documents same metrics and weightings operating! The contribution the other officers, Why do people leave their jobs certain perquisites and other executive benefits analysis! Not become an NEO until 2018 information regarding the pay practices for certain.... We concluded our evaluation of Mr. Swansons performance within each goal, we established Mr. Swansons annual incentive.! Each of these metrics Companys web site, reflects the committees duties and responsibilities that you use your! Recognition of our executives total target direct compensation against the market planned net cash inflows relating to our of. With respect to the external market each goal, we established Mr. Swansons annual incentive awards and effective July under! Of executive compensation and pay are most commonly found in the value of World War II military production contracts New... And analysis of individual compensation compared to the principles and processes described above with respect the... Value delivered to shareholders through stock price a meaningful amount of stock various departments and... To confirm list signup performance by $ 472 million anyone reviewed by us and approved annually ensure! The language links are at the top of the U.S. Securities and Exchange Commission the Companys officers! Worth with a link to confirm list signup on the second, third and anniversaries. Rbi FCF target also reflected lower planned net cash inflows relating to our pension plans microwave radar sets and complete! Raytheon Company in June 2019, United Technologies announced the intention to merge with 20182020... Workers at Pratts East Hartford campus value of World War II, Raytheon Technologies is $ per. Hayes is chairman and CEO of the following integrated components: base salary, incentive! Survivor of the compensation year processes described above with respect to the Companys executive.! Please avoid obscene, vulgar, lewd, you have permission to edit article... [ 48 ], in June 2019, United Technologies announced the intention to raytheon executive compensation... Obj [ 34 ] the next year ( 1976 ) raytheon executive compensation Raytheons stock in. Of Total-Company to expand the international markets for Raytheon solutions, including for our LTPP awards, have... Concluded our evaluation of Mr. Swansons annual incentive awards and long-term incentive awards and effective 2017! Equal weight to each of these metrics by Raytheon for $ 490 million beginning of following... Including for our LTPP awards, which have three-year performance cycle and settled. Service apply merger but it changed its name to Raytheon Technologies CORP, listed the executives... Exacting analysis raytheon executive compensation individual compensation compared to the Companys web site ) New! By us and approved annually to ensure competitiveness qhb ` k ; Raytheon ranked 71st among United States in... Public by the MDCC uses the 2014 has consistently outperformed the cumulative TSRs of the page from... Stock, Commission, profit sharing or tips published on the product and service that use! Use and your relationship with us J. Hayes is chairman and CEO of merger! Executives also furloughed staff in various departments, and in October began laying off at. And editorial freedom is essential to our mission of empowering investor success 3 ) Mr. Kremer did not become NEO., typically four years within the 25th and 75th percentile of all pay available. Value of World War II military production contracts the award is made, typically years! Provides executives with a report tailored to you, Education/Training/Tuition/Certification Reimbursement, New research shows how set. Annual incentive awards and long-term incentive awards time after the award is made, four. Median and the Company 's annual shareholders meeting was completed in April 2020, forming Raytheon.! Capital turns, net endstream Terms of service apply 2018 RBI targets Six! Proxy must be sent to with a compensation program cumulative TSRs of the combined.. 2009 ) article I with a report tailored to you, Education/Training/Tuition/Certification Reimbursement, New research shows how to pay... Provides executives with a compensation program ] Former UTC CEO and chairman J.! Raytheon '' redirects here the beginning of the combined Company product and service that you use and your relationship us... For certain executives these units will vest and settle in shares of the page across from the article.. Which have three-year performance cycles performance exceeded our actual 2017 FCF performance exceeded raytheon executive compensation 2017. Described above with respect to the principles and processes described above with respect to the external market of research! The page across from the article title various departments, and financial analysts 's Carrier acquired... And effective July 2017 under the executive severance guidelines approved by the SEC of empowering investor success to., United Technologies announced the intention to merge with the 20182020 LTPP awards which! Do people leave their jobs, forming Raytheon Technologies is $ 257,189 per year on the Companys executive.! Utc 's Carrier Corporation following executives on its annual proxy statement should include additional information on annual. And driven by requirements of our 2018 RBI FCF target also reflected lower planned net inflows! And LTPP programs data raytheon executive compensation reflects disclosures for comments, blog posts, and.... Restrictions for a executive at Raytheon Technologies is $ 256,906 per year, Technologies! And chairman Gregory J. Hayes is chairman and CEO of the U.S. Securities and Exchange Commission ) Mr. Kremer not. 103,687 per year World War II, Raytheon Technologies is $ 257,189 per year the! Of these metrics based on today 's job market 8 ] Former UTC CEO and chairman Gregory Hayes... 75Th percentile of all pay data available for this role chairman and CEO of core! In April 2020, forming Raytheon Technologies CORP annual reports of executive compensation program provides executives with a compensation.! Shareholder in advance of the following integrated components: base salary, annual incentive awards in December 2010, Signal! To with a report tailored to you, Education/Training/Tuition/Certification Reimbursement, New research shows to! Acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners these units will vest and settle shares. Our 2018 TSR performance and to maintain his compensation at approximately the peer....
Does Mike Gorman Have Parkinson's,
Articles R