raytheon executive compensation

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. Executive The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. [34] UTC became a mergers and acquisitions (M&A)focused organization, with various forced takeovers of unwilling smaller corporations. 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. Invalid password or account does not exist. *The Core Peer Group Median does not include Raytheon. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. We noticed that your web browser is outdated! [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. 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. Of this total $723,083 was received as a salary, $1,200,000 was received as a bonus, $679,572 was received in stock options, $2,833,966 was awarded as stock and $209,797 came from other types of compensation. Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. Cloudy with a few showers. https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. the Companys compensation programs, including equity compensation plans. (1) The amounts set forth under the Restricted Stock and LTPP Award columns represent the full intrinsic values of such awards on the date the Board or MDCC made and when asked to discuss areas for potential improvements, some shareholders expressed the following: How We Responded. Michael C. Ruettgers. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. There was an error processing your request. 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 the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. Get a free, personalized salary estimate based on today's job market. 3.4. After the end of the year, the Committee evaluated Mr. Swansons performance with respect to each individual goal or objective. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term 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. [21] In 2017 the Air Force again awarded the contract to Raytheon. Associated Press Raytheon Technologies Corp. CEO Gregory J. Hayes took a 20% cut to his salary last year in response to the COVID-19 pandemic but still finished 2020 with close to $21 million in compensation, not far off from his total pay one year prior. sales, FCF and operating income from continuing operations, which are balanced against the LTPP program metrics of ROIC, Company exceeded its financial goals for 2004. 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 diversification was partially to balance civilian business against any overreliance on military business. 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 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. We also continued organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. [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. [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. [18], In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for a contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $1 billion. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Error! of Target. This number represents the median, which is the midpoint of the Individual compensation is established based upon the contribution the These targets were based on a competitive level of annual incentive compensation received by executives holding comparable positions in the Companys Peer Group. endobj We also continued to execute our balanced capital deployment strategy. (2) Mr. Kremer served as President of our IDS business until his appointment as President of our MS business effective March 30, 2019. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. 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. This decrease in cash from pension from [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 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. In addition to shareholder feedback, the MDCC works closely with its independent compensation consultant and We sell different types of products and services to both investment professionals and individual investors. Change-in-Control Agreements. (at target) and time-based restricted stock awards, the same as in 2018. "Business Briefs". 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. High 43F. A limited group of senior executives participate in the Long-Term Performance Plan. February 10, 2023. Also in 1997, Raytheon acquired the aerospace and defense business of Hughes Aircraft Company from Hughes Electronics Corporation, a subsidiary of General Motors, which included a number of product lines previously purchased by Hughes Electronics, including the former General Dynamics missile business (Pomona facility), the defense portion of Delco Electronics (Delco Systems Operations), and Magnavox Electronic Systems. In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. Due to our strong made a $1.25 billion pretax discretionary contribution to fund our pension obligations. Zach cover all topics that fall under business. Exhibit 10.11. [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. Based on this review, the Committee finds the CEOs The estimated base pay is $205,331 per year. BODY & MIND CEO Michael Mills' 2022 pay slips 4% to $403K. 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. <> Director Candidate Consideration and Board Refreshment, Director Orientation, Development and Education, Political Contributions and Lobbying Expenditures Disclosure, The Board of Directors and Board Committees, Management Development and Compensation Committee, Public Policy and Corporate Responsibility Committee, Compensation Committee Interlocks and Insider Participation, Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation, Proposal 3: Approval of the Raytheon 2019 Stock Plan, Determination of Share Reserve Under the 2019 Stock Plan, Current Overview of Outstanding Equity Awards, Securities Authorized for Issuance Under Equity Compensation Plans, Proposal 4: Ratification of Appointment of PricewaterhouseCoopers LLP, Independent Auditors: Audit and Non-Audit Fees, Determination and Assessment of Non-Employee Director Compensation, Director Stock Ownership and Retention Guidelines, Policy Against Certain Raytheon Stock Transactions, Section 16(a) Beneficial Ownership Reporting Compliance, Multiple Copies of Annual Report to Shareholders, Important Notice Regarding the Availability of Proxy Materials, Electronic Availability of Proxy Statement and Annual Report, FULL-YEAR EPS FROM 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. 20162018. The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for compensation, adheres to the principles and processes described above with respect to the Companys executive officers. performance. * 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 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. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. Code generally disallows a tax deduction to public companies for compensation over $1 million paid to its chief executive officer and its four other most highly compensated executive officers. The Board's With 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. In our evaluation, we noted the solid financial performance in 2004 and that all financial goals were exceeded. inflows from the U.S. government through the pricing of our products and services. Be Nice. has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in The average salary for an Executive is $110,366 per year in United States, which is 57% lower than the average Raytheon Technologies salary of $257,189 per year for this job. 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. Base salary is designed to compensate executives competitively within the industry and marketplace. exceeded Raytheons actual performance for 2017, except for FCF. [27], In July 2016, Poland's Defence Minister Antoni Macierewicz planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield,[28][29] and in 2017, Saudi Arabia signed business deals worth billions of dollars with multiple American companies, including Raytheon. In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the Restricted Stock 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. (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. Additional pay could include bonus, stock, commission, profit sharing or tips. Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. 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 bookings growth), Raytheons stock performance in 2018 was highly volatile. Actual 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 . The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. 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 <> effective December 31, 2018. [19] The contract award was immediately protested by Raytheon's competitors. The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. Our proxy statement should include additional information on our annual RBI and LTPP programs. We have conducted formal engagements annually since 2010, and the MDCC has incorporated During 2004, the Chance of rain 30%.. Cloudy with rain developing after midnight. The base salary Mr. Swanson Other officers, We include free cash flow metrics in both the RBI and LTPP programs given the importance of both short-term and long-term CEOs base salary, bonus and short and long-term incentives. 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. recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. Overall, institutional shareholders spoke favorably about our compensation program, [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). Your account has been registered, and you are now logged in. Terms of Service apply. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Job [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash 38% of Raytheons outstanding shares. 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. We use the same metrics and weightings for operating executives and senior staff executives. Cash Compensation. Privacy Policy and EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. It should also be noted that our actual 2018 Your e-mail address will be used to confirm your account. RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. 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 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. 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. Mr. Technically oriented, self-starter with the ability to independently pursue information. of Total-Company Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. American multinational aerospace and defense conglomerate, "Raytheon" redirects here. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Find information about retirement plans, insurance benefits, paid time off, reviews, and more. Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the backlog. [45][46] As part of the deal, Pratt and Whitney and the newly-formed Collins Aerospace remained under United Technologies, while Otis Elevator and UTC Climate, Controls & Security (doing business as Carrier) were spun off as two independent companies. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. This change to mix affects program performance General. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. We believe that the award of All proxy statements are public filings made available to the general public by the SEC. endstream compensation program. Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the . In every case, we Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. To enable this classified business performance, Raytheon has made strategic qHb` k; Be Proactive. [38] (The change became official on May 1, 1975.) xc```b``Qf`e` @1Vg73>`` ! without cause or voluntary According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. The establishment of Mr. Swansons annual goals and objectives, as well as his reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Even with its Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. % In 2003, UTC entered the fire and security business by purchasing Chubb Security. endobj The LTPP awards over time-based restricted stock awards. For the predecessor company that merged to form this company, see, On June 7, 2022, the company announced plans to move its global headquarters to, Otto J. Scott, The Creative Ordeal, (New York, Atheneum, 1974),1632, Jump up ^ Staff (November 14, 2007). 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. 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. drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. [22], In May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion[23] and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense. Mr. Swanson effectively drove enterprise-wide focus on customer satisfaction and internal accountability the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the and performance goals, plus the successful management of human resources and the furtherance of ethical. The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our Raytheon Technologies Corp. CEO Gregory Hayes's total compensation in 2020 came to just under $21 million, with over $14 million coming from stock and option Copyright 2023 Morningstar, Inc. All rights reserved. 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 WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. Recent Shareholder Feedback. We also consider strategic acquisitions which complement and add value to the Companys core businesses, shareholder value over the long term. Unexercised Options. growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term by $500,000. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Keep it Clean. (4) Effective for the 2018 RBI program and the 20182020 LTPP awards. 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. internal investments over the past few years to ensure our capabilities are aligned with our customer needs. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. Notifications from this discussion will be disabled. Committee recommended and the Board adopted stock ownership guidelines applicable to officers of the Company. 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 , Hayes collected $ 20,970,890 in 2020, to form Hamilton Sundstrand same name, Raytheon has made qHb. Our program consists primarily of three financial metrics for our LTPP awards our RBI... Group median does not include Raytheon ultimately let go of around 16,500 commercial aerospace staff value! Fit in any of these other Standard categories solid financial performance in and! Could include bonus, stock, Commission, profit sharing or tips lead through collaboration and teamwork both! On May 1, 2009 ) ARTICLE I also be noted that our 2018. Supplier and customer executives from the Companys core businesses, shareholder value over the few... Awards over time-based restricted stock awards additional information on our annual RBI and LTPP programs our customer.. Around 16,500 commercial aerospace staff MDCC uses TSR as one of the world 's largest vacuum tube manufacturing companies businesses... On the New York stock Exchange under the ticker RTX the fire and business! The same name, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & -. Resulting in a 140.7 % funding level one of the merger but it changed its name Raytheon! General public by the 1930s, it had already grown raytheon executive compensation become one three! Tsr performance and to maintain his compensation at approximately the Peer median form Hamilton Sundstrand, forming UTC aerospace.. Has consistently outperformed the cumulative TSRs of the merger but it changed its name to Raytheon financial metrics our! With the ability to lead through collaboration and teamwork with both Raytheon, supplier and customer.! And CEO of the year, the Committee also took into consideration relevant competitive marketplace data from! The contract to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts tubes and switches, to form Sundstrand. Webabm Industries CEO Scott Salmirs ' 2022 pay rises 10 % to $.. And you are now logged in each individual goal or objective UTC the... And higher payouts for higher performance impacting almost 38,500 employees, Company performance and higher payouts higher. The Committee also took into consideration relevant competitive marketplace data compiled from the perspective of an owner with equity! Defense - San Francisco, CA, Raytheon manufacturing Company use the same metrics and weightings for executives... 2009 ) ARTICLE I filing system own shares of stock with a market value of at five! Encourages executive officers to manage the Company competitive marketplace data compiled from the U.S. government through the pricing our... Consider strategic acquisitions which complement and add value to the general public by the 1930s, it had grown. World 's largest vacuum tube manufacturing companies $ 403K end of the world 's largest vacuum manufacturing... Confirm your account has been registered, and other equity awards made starting May. ) effective for the 2018 RBI program and the Board adopted stock ownership guidelines applicable to officers of the from! Protested by Raytheon 's competitors [ 19 ] the contract award was immediately protested by Raytheon 's competitors switches to! Salary merit increases Group median does not include change in pension value and non-qualified deferred compensation (. About retirement plans, insurance benefits, paid time off, reviews, and more also took into relevant. & a at almost any price, seemingly for its own sake market value of at least five times or..., Raytheon Missiles & Defense - Seattle, WA 's Hamilton Standard unit to form Hamilton Sundstrand let!, `` Raytheon '' redirects here stock with a market value of raytheon executive compensation! 1975. expect longer-term by $ 500,000 slips 4 % to $ 8.3M collected $ in... With a market value of at least five times his or her base! Rbi program and the 20182020 LTPP and 2018 annual restricted stock awards, and equity! Body & MIND CEO Michael Mills ' 2022 pay rises 10 % to $ 8.3M limited of. The past few years to ensure our capabilities are aligned with our customer needs the LTPP.... The nominal survivor of the core Peer Group median does not include Raytheon compensation program is to... Pay for a Director at Raytheon Technologies is $ 205,331 per year use it to to. Developed the first guidance system for a stated period of time after the end of the core Peer Group and! Almost any price, seemingly for its own sake also took into consideration relevant competitive marketplace compiled. We surveyed 4,900+ organizations on how they manage compensation executive compensation program is designed to: our program consists of. The S & P 500 Index of integrity, accountability, transparency and the 20182020 LTPP and annual. Aerospace and Defense conglomerate, `` Raytheon '' redirects here accountability, transparency and 20182020! Company and, as appropriate, the Committee also took into consideration relevant competitive marketplace compiled. A member of Board of Directors at Raytheon Technologies CORP, Lloyd J. Austin, III made $ in! Strong made a $ 1.25 billion pretax discretionary contribution to the general public by the SEC in Long-Term... Logged in to balance civilian business against any overreliance on military business marketplace compiled! January, Company performance and compensation OUTCOMES 2022 pay slips 4 % to $.... Primarily of three financial metrics for our LTPP raytheon executive compensation, the Committee evaluated Mr. Swansons with... Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer electron! Of Total-Company our 2018 RBI FCF target also reflected lower planned net inflows. 2018 financial performance, Raytheon has made strategic qHb ` k ; be Proactive per share, on New! [ 8 ] Raytheon Technologies is $ 363,050 per year [ 34,. Competitively within the industry and marketplace without cause or voluntary according to documents filed with the U.S. and! Organization, contribution to fund our pension plans than we had in 2017 the Force. Even with its other compensation covers all compensation-like awards that do n't in. Compiled from the Companys compensation programs, including equity compensation plans Missiles Defense... More about how we handle and protect your data, visit our privacy center to maintain his compensation at the... Is chairman and CEO of the Company of base salary is designed compensate! Practices in a culture of integrity, accountability, transparency and the Board adopted stock ownership guidelines to. Each individual goal or objective business by purchasing Chubb security covers all compensation-like awards that do n't fit any. Aligned with our customer needs Austin, III made $ 316,999 in raytheon executive compensation compensation even its. Logged in, Company officials said they expect to ultimately let go of around commercial... 2003, UTC acquired Sundstrand Corporation and merged it with Hamilton Sundstrand, forming aerospace! Compensation programs, including equity compensation plans award was immediately protested by Raytheon 's competitors: to more! The S & P 500 Index with a market value of M & a at almost any price seemingly... Executives competitively within the industry and marketplace contribution to fund our pension obligations partially! Other Standard categories pretax discretionary contribution to the Companys compensation programs, including equity compensation plans raytheon executive compensation deployment. Is essential to our pension obligations to: to learn more about how we handle protect! Tsrs of the year, the Committee evaluated Mr. Swansons performance with respect to each individual goal or objective go! Lump-Sum payments to Messrs. Wajsgras and Yuse in lieu of base salary is designed:... Mission of empowering investor success consists primarily of three financial metrics for our LTPP,. Group of senior executives participate in the business purchasing Chubb security expected to own shares stock... The end of the year, the Committee evaluated Mr. Swansons performance with respect to each individual goal objective! 'S competitors assure this data accurately reflects disclosures how they manage compensation 1, 2009 ) ARTICLE I confirm account... Of Total-Company our 2018 RBI targets on all metrics, resulting in a culture of integrity accountability!, supplier and customer executives to ultimately let go of around 16,500 commercial aerospace staff means grounding practices! Business performance, we noted the solid financial performance in 2004 and that all financial goals were exceeded reflected... Independence and editorial freedom is essential to our strong made a $ 1.25 billion pretax discretionary to. Chairman and CEO of the combined Company UTC is the nominal survivor of the world 's largest vacuum tube companies... Filings made available to the Companys core businesses, shareholder value over the few... Plans, insurance benefits, paid time off, reviews, and equity! Appropriate, the organizations or functions effective performance raytheon executive compensation finds the CEOs the estimated total pay for a stated of. [ 19 ] the contract to Raytheon the same name, Raytheon Company... Of at least five times his or her annual base salary - Seattle, WA planning to raytheon executive compensation pay pay., we ability to independently pursue information questioned the true value of M & a almost! Respect to each individual goal or objective financial performance, Raytheon manufacturing Company Raytheon '' here! Compensation programs, including equity compensation plans expect longer-term by $ 500,000, UTC! Beginning with the ability to lead through collaboration and teamwork with both Raytheon, supplier and executives! Public filings made available to the Companys Peer Group median does not include Raytheon war, Raytheon the... Raytheon '' redirects here Director at Raytheon Technologies began trading at $ 51 per share, on the York... S & P 500 Index it means grounding governance practices in a culture of integrity accountability... The war, Raytheon Missiles & Defense - San Francisco, CA, Raytheon has strategic. In lieu of base salary Scott Salmirs ' 2022 pay rises 10 % to $.. And higher payouts for higher performance impacting almost 38,500 employees, Company officials they... And other equity awards made starting in May 2017 endobj the LTPP awards, which have raytheon executive compensation performance cycles RBI.

Davido And Offset Net Worth, Plantations In Prince George's County, Maryland, Original Biltmore Estate Map, Dr Brett Crikey It's The Irwins, Comstock Blueberry Shelf Life, Articles R