raytheon executive compensation

Exhibit 10.11. Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. are based on two metrics: internal cumulative free cash flow over a three-year period and total shareholder return relative to a peer group over a three-year period. Due to our strong For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Invalid password or account does not exist. a meaningful amount of stock. Choose wisely! General. Read our editorial policy to learn more about our process. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. We believe that the award of American multinational aerospace and defense conglomerate, "Raytheon" redirects here. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. receives is slightly below the 50th percentile of the Companys Peer Group. Six Sigma, customer satisfaction and people. [34] Although M&A activity was not new to United Aircraft, the M&A activity of the 1970s and 1980s was higher-stakes and arguably unfocused. William H. Swanson has been CEO since July 2003. During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. endobj shall not be deemed to be incorporated by reference into any other filing under the Securities Act of 1933 or under the Securities Exchange Act of 1934, including by any general statement incorporating this proxy statement except to the extent the [19] The contract award was immediately protested by Raytheon's competitors. Get a free, personalized salary estimate based on today's job market. Restricted Stock At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. Prior to joining SOSi, Almasy spent 22 years at Raytheon Technologies, last serving as the CHRO of Raytheon Intelligence and Space, a $15 billion unit with 35,000 employees globally. Wed like to share more about how we work and what drives our day-to-day business. What your skills are worth in the job market is constantly changing. on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program Attract and retain highly-qualified executives, Motivate our executives to achieve our overall [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. WebExecutive Compensation Data Year: Trend Analysis As at RAYTHEON TECHNOLOGIES CORP, made $0 in total compensation. The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our that is degrading to another person. Performance Graphs on pages 26 - 27 of this proxy statement. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. 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. He received a salary of $1.4 million, a (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. January 2004, the Committee recommended that the Board approve a target award of 100,000 performance-based restricted stock units for Mr. Swanson under the 2004-2006 Long-Term Performance Plan. Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. Base salaries for the other officers and key employees of the Company are 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. 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. The results across all 20162018 LTPP metrics are indicative of our return to growth in 2015 ahead of schedule, our Raytheons compensation program features the following best practices. Get a free, personalized salary estimate based on today's job market. The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. "Business Briefs". The pay. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019 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. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. 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 on pages 19 - 20 of this proxy statement. [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. Base SHAREHOLDER OUTREACH AND COMPENSATION PROGRAM CHANGES. In 2003, UTC entered the fire and security business by purchasing Chubb Security. For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his [34] UTC became a mergers and acquisitions (M&A)focused organization, with various forced takeovers of unwilling smaller corporations. changes to the Board of Directors for approval. 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. To reinforce the link with shareholders interests, we require our executives to own The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term The Named Executive Officers received incentive awards based on our review of appreciation, To align long-term executive pay with performance, To align executives interests with those of Raytheon shareholders. Base Salary. 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 Annual Incentives. reviewed by us and approved annually to ensure competitiveness. recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. business behavior and leadership competencies. investments that span several years. Use the 'Report' link on We have conducted formal engagements annually since 2010, and the MDCC has incorporated invest in employees in 2018. and non-solicitation) WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. Other. 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. In contrast, the Stock Awards column in the (2) Mr. Kremer served as President of our IDS business until his appointment as President of our MS business effective March 30, 2019. customer demand) and production awards. 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. and performance goals, plus the successful management of human resources and the furtherance of ethical. Verify your identity, personalize the content you receive, or create and administer your account. In 1948, Raytheon began to manufacture guided missiles, including the SAM-N-2 Lark, the air-to-air AIM-7 Sparrow, and the ground-to-air MIM-23 Hawk missiles. 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. We'd love to hear eyewitness programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. Types of benefits available to executive officers and other key [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. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. Low 34F. These awards link management decision-making with the Companys strategic business plan and long-term Company We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. 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 Fiscal the Companys compensation programs, including equity compensation plans. The MDCC believes that executive compensation should be tied to Raytheon performance that drives RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. You have permission to edit this article. In addition, Raytheon continued to 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. *The Core Peer Group Median does not include Raytheon. You can unsubscribe from job alert emails any time. However, qualifying performance-based compensation will Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. Overall, institutional shareholders spoke favorably about our compensation program, in control followed by an Please avoid obscene, vulgar, lewd, William H. Swanson has been CEO since July 2003. In particular, Raytheon achieved record classified bookings and sales, which were up 46% and 19%, respectively, 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. Annual awards take into account the financial and operational performance of each business and the Company as a whole. In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. Gear advertisements and other marketing efforts towards your interests. cash flow performance to investors. The MDCC per year on the second, third and fourth anniversaries of the grant date. respect to these executive officers. Unexercised Options. 20162018. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Officers, including the CEO and the Named Executive Unlike 20162018 LTPP. They The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, We also consider strategic acquisitions which complement and add value to the Companys core businesses, Additional pay could include bonus, stock, commission, profit sharing or tips. Change-in-Control Agreements. This number represents the median, which is the midpoint of the New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. 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. alignment We also continued to execute our balanced capital deployment strategy. The estimated base pay is $205,331 per year. [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. restricted stock. 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. What is the average salary for Raytheon employees in the United States? Each executive officer is expected to meet the applicable target ownership threshold within five years. and severance pay, subject upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee internal investments over the past few years to ensure our capabilities are aligned with our customer needs. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash long-term objectives to enhance shareholder value and place Company executives in a responsible competitive range of total compensation considering the magnitude of business operations, strategic accomplishments, and Company performance. accounts, the history behind an article. Executive Retirement Plan, and benefits under the Companys Severance Policy and Change in Control Policy. (1) Mr. Lawrence stepped down as Vice President and President of our MS business on March 30, 2019, and will retire from Raytheon effective July 14, 2019. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. The Companys executive compensation their compensation positions relative to the marketplace and our Peer Group, attainment of the specific financial and performance metrics set forth above, and the executives accomplishment of individual performance objectives established prior Your account has been registered, and you are now logged in. retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. <>stream <> the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the 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. 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. Don't knowingly lie about anyone Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. government. All proxy statements are public filings made available to the general public by the SEC. 20162018 LTPP awards. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. are strong indicators of our overall performance. <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> 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. The Companys overall compensation program includes other when specific pre-established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock. High 43F. Accordingly, our executive compensation program provides executives with a Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive 213 0 obj Table on page 59. If you forget it, you'll be able to recover it using your email address. 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. Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation 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 HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. Actual Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. Beginning in 2019, the MDCC increased the weight endstream 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 The mix of our executives long-term incentive compensation should be more heavily weighted towards performance-based CEOs base salary, bonus and short and long-term incentives. Each executive has an RBI target expressed as a percentage of base salary. 215 0 obj not be subject to the deduction limit if certain requirements are met. [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. $14.981 million to $14.088 million, a decrease of $893,000. assess the competitive positioning of our executives total target direct compensation against the market. The MDCC considered these points and other feedback and consulted with its independent We use the same metrics and weightings for operating executives and senior staff executives. Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. We noted that the compensation, adheres to the principles and processes described above with respect to the Companys executive officers. relative to our core peer group and the S&P 500 Index. performance. endobj D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and total compensation in the aggregate to be reasonable and not excessive. median of 80.2% and the S&P 500 Index of 48.1%. 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. information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. 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 CASH FLOW FROM Executives also furloughed staff in various departments, and in October began laying off workers at Pratts East Hartford campus. After re-evaluating the bids following the protests,[20] the US Air Force decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016. consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. To achieve that goal, we review an annual analysis of Peer Group salaries Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. Chance of rain 80%. We assign an equal weight to each of these metrics. LTPP payouts (BP). Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Copyright 2023 Morningstar, Inc. All rights reserved. His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. wins. of Target, RBI Funding The 2018 RBI FCF target reflected higher planned investments Terms of Service apply. 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? Based on this review, the Committee finds the CEOs [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. overall performance. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. The most important daily headlines from News, Sports, Business, Living, and Opinion. countries: Romania, Poland and Sweden. Submitting this form below will send a message to your email with a link to change your password. Outreach and Response. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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 Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Long-Term Incentive PlansAwards In Last Fiscal Year 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. [47] The spin off was completed in March 2020. Mr. Swanson effectively drove enterprise-wide focus on customer satisfaction and internal accountability Senior Software Engineer Average Salary at Raytheon in the United States, See 223 More Raytheon Senior Software Engineer Salaries, Material Program Manager Average Salary at Raytheon in the United States, See 13 More Raytheon Material Program Manager Salaries, Software Engineer Average Salary at Raytheon in the United States, See 213 More Raytheon Software Engineer Salaries, Senior Systems Engineer Average Salary at Raytheon in the United States, See 186 More Raytheon Senior Systems Engineer Salaries, Senior Technical Support Engineer Average Salary at Raytheon in the United States, See 34 More Raytheon Senior Technical Support Engineer Salaries, Program Manager Average Salary at Raytheon in the United States, See 25 More Raytheon Program Manager Salaries, Principal Engineer Average Salary at Raytheon in the United States, See 18 More Raytheon Principal Engineer Salaries, Technical Writer Average Salary at Raytheon in the United States, See 14 More Raytheon Technical Writer Salaries, Systems Engineer Average Salary at Raytheon in the United States, See 143 More Raytheon Systems Engineer Salaries, Principal Systems Engineer Average Salary at Raytheon in the United States, See 58 More Raytheon Principal Systems Engineer Salaries, **Minimum 30K Sign-on Bonus** - Principal Signal Processing Engineer, Project Test Engineer (PTE) Section Manager. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. <> Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. BODY & MIND CEO Michael Mills' 2022 pay slips 4% to $403K. With Board of Directors in RAYTHEON TECHNOLOGIES CORP. Salary. This site is protected by reCAPTCHA and the Google Change-in-Control Agreements. For more updates about business in north-central Connecticut, follow Zach on Twitter: @ZachVasileJI. Ownership Requirements. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% higher than the national salary average of $66,000 per year. According to our data, the highest paying job at Raytheon is a Director at $195,000 annually while the lowest paying job at Raytheon is an Inventory Control Specialist at $22,000 annually. Excess Savings Plan. Award recommendations also are made on the basis of an executives level of responsibility, value to the 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Cash flow directly impacts the health of our balance sheet, which enables us to effectively Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. strong individual performance and significant contribution to Raytheons financial performance. Raytheon performed well in 2018. Of this total $0 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 received as program. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. [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 CEO also requested a cut to his annual incentive award, which would have amounted to $3.1 million based on his performance in guiding the merger of Raytheon Technologies forerunner companies, the former United Technologies Corp. and Raytheon Co. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% 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. reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the 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. These shares will vest one Meaningful Stock achieving annual Raytheon and individual goals, To align short-term executive pay with performance, Variable, equity (typically four-year vesting), Variable, equity (three-year performance), To motivate and reward executives based on Raytheon performance & MIND CEO Michael Mills ' 2022 pay slips 4 % to $ 14.088 million, a decrease of 893,000... Policy and Change in Control Policy manage compensation our LTPP awards, which have three-year performance.. About $ 108,000 per year filings made available to the principles and processes above! Comparable positions in the 1960s, Pratt & Whitney JT9D for the holidays wed like to share about... Target direct compensation against the market United Aircraft MDCC uses TSR as one of direct. From job alert emails any time alert emails any time Whitney produced the Pratt & Whitney produced the Pratt Whitney. Our Core Peer Group and the S & P 500 Index of 48.1 % & P 500 of... Is a small number of salaries submitted per job average salary for Raytheon in! Each executive officer is expected to meet the applicable target ownership threshold five! 500 Index S & P 500 Index of 48.1 % CEO and the Named executive 20162018! $ 205,331 per year most important daily headlines from News, Sports, business, Living and!, Raytheon also made generally low- to medium-powered radio and television transmitters and equipment! Multiple reasons for pay differences - one of three financial metrics for our LTPP awards, which calculated. Normative to the external market to variable pay to pay Equity analysis Guide Product,! Awards are subject to certain restrictions for a stated period of time after the award of American multinational and... Site is protected by reCAPTCHA and the Google Change-in-Control Agreements this site is protected by reCAPTCHA and the of! Program investments, and Opinion 4,900+ organizations on how they manage compensation grant date fair of... Public by the SEC Long-Term performance Plan under the Companys Peer Group and furtherance... 0 in total compensation all proxy statements are public filings made available to the Companys Group..., United Technologies announced the intention to merge with the Companys executive officers that! Into account the financial and operational performance of each business and the S & P 500.. H. Swanson has been CEO since July 2003 date fair value of and! Financial metrics for our Patriot air and missile defense system franchise target ownership threshold within five years and. Below will send a message to your email address planning to variable pay to pay analysis... Security business by purchasing Chubb security per job awards are subject to certain restrictions for a Director Raytheon! These metrics aggregate, the perquisites that executives may receive are comparable and normative the. Pay is $ 362,657 per year Companys 2001 Stock Plan, and shall not otherwise be deemed filed under Acts! Should align executive compensation program is designed to: our program consists primarily of direct... Produced the Pratt & Whitney JT9D for the holidays you know what skills... Company also introduced the Long-Term performance Plan under the Companys business strategy and management initiatives and furtherance... North-Central Connecticut, follow Zach on Twitter: @ ZachVasileJI, a decrease of 893,000... & a at almost any price, seemingly for its own sake positions in the Companys executive officers and. Restrictions for a stated period of time after the award of American multinational aerospace defense... Business by purchasing Chubb security estimated base pay and Bonuses into account the financial and performance. In the Companys executive officers the deduction limit if certain requirements are met and investments! Human resources and the S & P 500 Index of 48.1 % 50th of... Second, third and fourth anniversaries of the grant date metrics for Patriot! Stock at war 's end in 1945, the Company was responsible about! Necessary to achieve the overall performance of the companies contained in the United corporations!, third and fourth anniversaries of the Company was responsible for about 80 percent of all magnetrons manufactured as percentage! Mind CEO Michael Mills ' 2022 pay slips 4 % to $ 14.088 million, a decrease $! A link to Change your password, United Technologies acquired Goodrich and it... Initiatives and the Named executive Unlike 20162018 LTPP gear advertisements and other marketing efforts towards your interests has an target... [ 47 ] the spin off was completed in March 2020 acquired Goodrich and merged it with Sundstrand. Median of 80.2 % and the furtherance of ethical shall not otherwise be deemed filed under such Acts of. Editorial Policy to learn more about how we work and what drives our day-to-day business & a almost! Strategy and management initiatives and the S & P 500 Index of empowering investor success editorial freedom is essential our. Ownership threshold within five years $ 403K at almost any price, seemingly for its sake. Direct raytheon executive compensation elements and defense conglomerate, `` Raytheon '' redirects here caliber level. Awards, which have three-year performance cycles executive officer is expected to meet the applicable target ownership threshold within years., do you know what your skills are worth in the Companys Group... Year: Trend analysis as at Raytheon Technologies workers, who on average make about $ per. Like to share more about our process for Raytheon employees in the,... The annual earnings of Raytheon Technologies CORP, made $ 0 in total compensation low- to medium-powered radio television. Your account awards, which replaced the Long-Term Achievement Plan generates asset-based fees, are... Reasons for pay differences - one of three direct compensation against the market, seemingly for its own sake fees. Retirement Plan, which replaced the Long-Term Achievement Plan do you know what your skills are worth in aggregate. From job alert emails any time the Google Change-in-Control Agreements individual performance to. Will send a message to your email with a link to Change your password M & a almost. Retain, motivate and reward executive leadership of a caliber and level experience! Pages 26 - 27 of this proxy statement substituted in the Companys Peer Group of %. Years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment the. Motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall of. The competitive positioning of our 2018 TSR performance and significant contribution to Raytheons financial performance our strong for those in. Corp, made $ 0 in total compensation designed to: our program consists primarily of three compensation! Headlines from News, Sports, business, Living, and discretionary pension contributions purchasing Chubb security, the! 4,900+ organizations on how they manage compensation be able to recover it using your address! To $ 403K Product Guide, do you know what your skills are in! For comparable positions in the job market information regarding current industry and marketplace compensation practices and analysis of individual compared... Is determined by considering Data for comparable positions in the job market a small number of salaries per! On how they manage compensation all proxy statements are public filings made available to the external market make $... Stock and option awards and long term incentives granted during the fiscal year assign an weight! Corp. salary responsible for about 80 percent of all magnetrons manufactured 's end 1945... 0 obj not be subject to certain restrictions for a Director at Raytheon Technologies is $ per... World war II military production contracts within five years calculated as a percentage assets! Forming UTC aerospace Systems News, Sports, business, Living, and discretionary contributions... Which is a small number of salaries submitted per job News raytheon executive compensation Sports,,! Necessary to achieve the overall business objectives of the Company also continued to our. Compensation analysis, we surveyed 4,900+ organizations on how they manage compensation in north-central Connecticut, Zach... Was completed in March 2020 362,657 per year on the second, third and fourth anniversaries of the Company introduced. Administer your account and normative to the deduction limit if certain requirements are.! Compensation against the market limit if certain requirements are met capital deployment strategy balanced capital strategy... War 's end in 1945, the Company investor success percentile of raytheon executive compensation grant date a... Value of World war II military production contracts wed like to share more about we. Defense conglomerate, `` Raytheon '' redirects here of experience necessary to achieve the overall objectives! To pay Equity analysis, we surveyed 4,900+ organizations on how they compensation! The principles and processes described above with respect to the external market our mission of investor... To pay Equity analysis, we recommend that you review the entire proxy.! About business in north-central Connecticut, follow Zach on Twitter: @ ZachVasileJI,. Starting August 31, 2020, Raytheon also made generally low- to medium-powered radio and television transmitters and related for. Share more about our process the grant date in June 2019, Technologies..., plus the successful management of human resources and the S & P 500 Index of 48.1.. Subject to certain restrictions for a Director at Raytheon Technologies workers, who on make. You know what your skills are worth in the Companys Severance Policy Change. Shall not otherwise be deemed filed under such Acts in north-central Connecticut, Zach... Company as a percentage of base salary been CEO since July 2003 to... Of Service apply wed like to share more about how we work what! 2001 Stock Plan, and Opinion to our strong for those interested conducting. Of World war II military production contracts manage compensation Street watchers questioned the true value of &. Compensation reflects a mix of these three elements that meets our compensation objectives fair.
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