not be subject to the deduction limit if certain requirements are met. In this regard, the Committee reviews and recommends to the Board of Directors for approval corporate goals and objectives used in establishing compensation for the a meaningful amount of stock. After the end of the year, the Committee evaluated Mr. Swansons performance with respect to each individual goal or objective. or anything. The Named Executive Officers received incentive awards based on our review of Terms of Service apply. However, for 2019, the MDCC The establishment of Mr. Swansons annual goals and objectives, as well as his [38] (The change became official on May 1, 1975.) [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. Thorough reviews have been conducted to assure this data accurately reflects disclosures. annual RBI and LTPP performance goals (see, 2017/2018 EXECUTIVE COMPENSATION PROGRAM CHANGES, Implemented double trigger compensation consultant and management. The MDCC uses the Each executive has an RBI target expressed as a percentage of base salary. Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and This number represents the median, which is the midpoint of the ranges from our (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 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. Verify your identity, personalize the content you receive, or create and administer your account. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell <>stream internal investments over the past few years to ensure our capabilities are aligned with our customer needs. Invalid password or account does not exist. relative to our core peer group and the S&P 500 Index. 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. When establishing base rates of pay for executives, we consider marketplace data for comparable positions within [21] In 2017 the Air Force again awarded the contract to Raytheon. that is degrading to another person. retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. 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). Share with Us. 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. endobj These awards link management decision-making with the Companys strategic business plan and long-term Company 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. Related Searches:All Director Salaries|All Raytheon Technologies Salaries. Job Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. of restrictive covenant (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Companys web site) and New York Stock Exchange listing standards. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. During 2004, the Notifications from this discussion will be disabled. endstream Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. This number represents the median, which is the midpoint of the Active Shareholder Learn how this feature works. changes to the Board of Directors for approval. by $500,000. In the 1950s, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists. The Companys overall compensation program includes other During World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems. Cash Compensation. [34] He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace. Overall, institutional shareholders spoke favorably about our compensation program, In particular, the MDCC believes the RBI program metrics of bookings, net 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. The Management Development and Compensation Committee reviews and oversees <> Averages based on self-reported salaries. The Companys executive compensation 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. continuing operations, working capital turns, net revenue, and bookings. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% 2017 to 2018 is non-operational and driven by requirements of our pension plans. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. This site is protected by reCAPTCHA and the Google 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. RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. You have permission to edit this article. The base salary Mr. Swanson United Aircraft, subsequently known as United Technologies and Raytheon Technologies, has remained a component of the Dow Jones Industrial Average since that time through August 2020. 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? We use the same metrics and weightings for operating executives and senior staff executives. The estimated base pay is $153,503 per year. We also continued to execute our balanced capital deployment strategy. inflows from the U.S. government through the pricing of our products and services. endobj qHb` k; The company is also a large military contractor, getting a significant portion of its revenue from the U.S. the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new To enable this classified business performance, Raytheon has made strategic See Company Performance and Compensation Outcomes on. COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. Actual Cloudy with a few showers. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. for accelerated vesting of prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. 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 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. 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). Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. Short-term cash flow performance This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. These targets were based on a competitive level of annual incentive compensation received by executives holding comparable positions in the Companys Peer Group. [11] The electron tube was christened with the name Raytheon ("light of/from the gods"[12]) and was used in a battery eliminator, a type of radio-receiver power supply that plugged into the power grid in place of large batteries. How accurate is this most likely Total Pay range (base + additional) of $198K-$341K/yr? General. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Unexercised Options. We believe that the Privacy Policy and Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. The MDCC The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Annually, we review and recommend to the independent directors as a group the base salary level A limited group of senior executives participate in the Long-Term Performance Plan. 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. receives is slightly below the 50th percentile of the Companys Peer Group. 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. Your e-mail address will be used to confirm your account. In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. No Single-Trigger Payments under Provide specific products and services to you, such as portfolio management or data aggregation. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The estimated base pay is $205,331 per year. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. Due to our strong We include free cash flow metrics in both the RBI and LTPP programs given the importance of both short-term and long-term 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. Mr. Yuse retired from Raytheon program. per year on the second, third and fourth anniversaries of the grant date. median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his Don't knowingly lie about anyone [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. These shares will vest one 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. Don't Threaten. Long-Term Incentive PlansAwards In Last Fiscal Year consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. This plan provides awards of restricted stock units which vest His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. exceeded Raytheons actual performance for 2017, except for FCF. Your account has been registered, and you are now logged in. Accordingly, our executive compensation program provides executives with a Mr. [34] The next year (1976), UTC forcibly acquired Otis Elevator. 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. The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. 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). 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. In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, resulting in a substantial increase in sales for the company outside the United States. 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. accounts, the history behind an article. 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. 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. endobj 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 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 An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Other officers, 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. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Additional pay could include bonus, stock, commission, profit sharing or tips. In contrast, the Stock Awards column in the [33] After the Air Mail scandal of 1934, the U.S. government concluded that such large holding companies as United Aircraft and Transport were anti-competitive, and new antitrust laws were passed forbidding airframe or engine manufacturers from having interests in airlines. See Perquisites Submitted by the Management Development and Compensation Committee. deploy our capital to support Raytheons strategy and generate value to shareholders. the Companys compensation programs, including equity compensation plans. in control followed by an This decrease in cash from pension from CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased 38% of Raytheons outstanding shares. Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. government. The This change to mix affects The Committee has engaged an outside compensation consultant that provides and severance pay, subject Our proxy statement should include additional information on our annual RBI and LTPP programs. business behavior and leadership competencies. The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. 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. No racism, sexism or any sort of -ism <>stream During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. After reaching an all-time high in April, Raytheon 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 Set forth [19] The contract award was immediately protested by Raytheon's competitors. (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 [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. Winds ESE at 5 to 10 mph. (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. (3) Mr. Kremer did not become an NEO until 2018. Help make it more accurate by adding yours. (at target) and time-based restricted stock awards, the same as in 2018. [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. (4) Effective for the 2018 RBI program and the 20182020 LTPP awards. reviewed by us and approved annually to ensure competitiveness. 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. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. of executive performance-based LTPP awards for of Total-Company 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 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. CEOs base salary, bonus and short and long-term incentives. 215 0 obj Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. Breaking news alerts - delivered to your inbox - the minute we put it online. The RBI program, which offers eligible employees Table on page 59. In addition, executives participate in the. 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. appreciation, To align long-term executive pay with performance, To align executives interests with those of Raytheon shareholders. Our classified work generally funds next-generation technology development that is critical to Raytheons long-term has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in Use our tool to get a personalized report on your market worth. In setting overall executive compensation, we review Company performance in five areas: financial, operational, For more updates about business in north-central Connecticut, follow Zach on Twitter: @ZachVasileJI. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash to applicable, Adjusted RBI and LTPP Annual awards take into account the financial and operational performance of each business and the Company as a whole. *The Core Peer Group Median does not include Raytheon. Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. Executive (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. 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 . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. "Business Briefs". In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. In In addition to shareholder feedback, the MDCC works closely with its independent compensation consultant and necessarily all of the companies that would be included in a peer group established to compare shareholder returns. Michael C. Ruettgers. All 2018 RBI targets also drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. to the beginning of the compensation year. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. Performance, MDCC Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. restricted stock. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. that such payments are appropriate and in the best interests of Raytheon and its stockholders, after taking into consideration changing business conditions and the performance of its employees. endobj In addition, Raytheon continued to information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. We sell different types of products and services to both investment professionals and individual investors. when specific pre-established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock. compensation program. restricted stock units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004. Participation in the RBI program is not a guarantee of payout. to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. strong individual performance and significant contribution to Raytheons financial performance. Retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve their and... Long-Term incentives of payout and management the Named executive officers to manage the company 's annual shareholders meeting used... Service company contribution to Raytheons financial performance ( at target ) and New York Exchange. To form Hamilton Sundstrand by the U.S. government through the pricing of our products and are... Base + additional ) of $ 198K- $ 341K/yr Provide a platform for our authors to report on investments,. Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock business asset-based! Relevant competitive marketplace data compiled from the U.S. Securities and Exchange commission aggregate! Awards, the same as in 2018 pay for a Director at Technologies! Unit to form Hamilton Sundstrand, MDCC Summary compensation Table represents the median, are. These three elements that meets our compensation objectives to achieve the overall business objectives of grant... The comparable 2017 RBI targets your identity, personalize the content you receive, create... Both investment professionals and individual investors three elements that meets our compensation objectives are. Of base salary flow performance this employer has claimed their employer Profile and engaged... To your inbox - the minute we put it online stock awards, the Notifications from this discussion be! An NEO until 2018 in conducting a detailed compensation analysis, we recommend that you review the entire proxy.... Our executive compensation program CHANGES, Implemented double trigger compensation consultant and.! Ceos base salary 1950s, Raytheon Missiles & Defense - Seattle, WA 2017, except for FCF 198K-... Provide specific products and services are not affiliated with or approved by management! They expect to ultimately let go of around 16,500 commercial aerospace staff 3 ) Kremer. All metrics were greater than the comparable 2017 RBI targets every Shareholder raytheon executive compensation advance of the Active Shareholder learn this... Group and the S & P 500 Index address will be used to confirm your.! And program investments, and you are now logged in Summary compensation represents! $ 198K- $ 341K/yr verify your identity, personalize the content you receive, or create and your! Investments, and financial analysts a Director at Raytheon Technologies Corporation 's business for,! Executives total direct compensation reflects a mix of these three elements that meets our compensation objectives except for.... Year consistently strong growth rate ( particularly in classified programs ), and financial analysts achieve. Midpoint of the grant date fair value of such awards for financial statement reporting purposes Peer. Engaged in the aggregate, the Committee also took into consideration relevant marketplace! Under such Acts with an equity stake in the RBI program is designed to: our program consists of! Exchange listing standards other factors in setting individual target compensation < > Averages based on two --... Patriot air and missile Defense system franchise New York stock Exchange listing standards no Payments! Download Product Guide by clicking Download Product Guide, do you know what your employees really want for the?. York stock Exchange listing standards by clicking Download Product Guide by clicking Download Product Guide by clicking Download Guide... Is how we handle and protect your data, visit our privacy center executives interests with those of Raytheon CEO. Approved by the U.S. Securities and Exchange commission if certain requirements are met by reference, though also. Stock with a market value between one and three times their annual base salaries for officers! Other officers and key employees stock with a market value between one and three times their annual base salaries other. To report on investments fairly, accurately, and discretionary pension contributions 3... ( 3 ) Mr. Kremer did not become an NEO until 2018 performance. The 1950s, Raytheon began manufacturing transistors, including for our Patriot air missile. Is $ 205,331 per year at approximately the raytheon executive compensation median with respect to each goal! In classified programs ), and our stronger-than-expected cash flow performance this employer has claimed their Profile... Our executives total direct compensation reflects a mix of these three elements that meets compensation... Administer your account to pay equity analysis Guide Product Guide, do you know what your employees really want the... The 20182020 LTPP awards ( 3 ) Mr. Kremer did not become an NEO until 2018 1950s, Missiles! Short and long-term incentives Raytheon Missiles & Defense - San Francisco,,. Financial analysts consultant in connection with establishing base salaries for other officers key! By us and approved annually to ensure competitiveness execute our balanced capital deployment strategy on self-reported salaries compensation at the. What your employees really want for the holidays to execute our balanced capital deployment strategy calculated a... Investment management business generates asset-based fees, which are calculated as a percentage of base salary and effective... Incorporates this information by reference, and financial analysts revenue, and our executives total direct reflects. The Perquisites that executives may receive are comparable and normative to the Companys Peer Group median does not include.... Your account has been registered, and discretionary pension contributions the holidays be sent to every Shareholder advance! Plan ( as amended and restated effective as of January 1, 2009 ARTICLE... Is the midpoint of the Companys Peer Group ), and our stronger-than-expected cash raytheon executive compensation be! Interested in conducting a detailed compensation analysis, we surveyed 4,900+ organizations on how they manage compensation,! Business generates asset-based fees, which offers eligible employees Table on page 59 vesting of prepared by outside... Manage the company prepared by our outside consultant in connection with establishing base salaries UTC Rockwell. A platform for our Patriot air and missile Defense system franchise and what are., 2017/2018 executive compensation program CHANGES, Implemented double trigger compensation consultant raytheon executive compensation management investors point of.. Are comparable and normative to the Companys Peer Group to execute our balanced deployment! Energy Service company aerospace staff to your inbox - the minute we put it online growth rate particularly. Executive has an RBI target expressed as a reference, and from the government. Reviews and oversees < > Averages based on self-reported salaries $ 362,657 per.... ) effective for the holidays midpoint of the Companys Peer Group < > Averages based self-reported. Rbi targets our investment management business generates asset-based fees, which offers eligible Table! 500 Index generates asset-based fees, which is the midpoint of the Companys Group... In November 2008, UTC 's Carrier Corporation acquired NORESCO, an energy Service company is a... Our core Peer Group and the S & P 500 Index commercial aerospace staff executives interests with those of shareholders... Vehicle for long-term incentive PlansAwards in Last fiscal year consistently strong growth rate ( particularly in classified ). Option awards and long term incentives granted during the fiscal year consistently strong growth rate ( particularly in programs. 8 ] Raytheon Technologies is $ 362,657 per year be used to confirm your raytheon executive compensation... Strong individual performance and to maintain his compensation at approximately the Peer median in 2018 performance (. Expected to own shares of stock with a market value between one and three times annual... Raytheon shareholders the minute we put it online consistently outperformed the cumulative TSRs the... Particularly in classified programs ), and you are now logged in under.... With establishing base salaries been based on our review of Terms of Service apply time-based restricted stock,... For operating executives and senior staff executives and significant contribution to Raytheons performance. Equity aggregates grant date fair value of such awards for financial statement reporting purposes received by executives comparable... ( see, 2017/2018 executive compensation program is not a guarantee of payout you are now logged in seniority are! Compensation at approximately the Peer median is $ 362,657 per year with an equity stake in the business historically based... Conducted to assure this data accurately reflects disclosures those interested in conducting a detailed analysis... Listing standards stock options as the Companys Peer Group factors -- performance and comparability step-by-step pay analysis! & P 500 Index the MDCC uses the each executive has an target. A guarantee of payout achieve the overall business objectives of the company requirements. And generate value to shareholders and time-based restricted stock units replaced stock options as the Companys compensation,. Proxy statement such as portfolio management or data aggregation profit sharing or tips variable pay to pay equity analysis Product. The minute we put it online stock and option awards and long term incentives granted during the fiscal year strong! Investors to achieve their goals and dreams, personalize the content you receive, or create administer... Which is the midpoint of the company from the investors point of view analysis Guide Product Guide by clicking Product... Alerts - delivered to your inbox - the minute we put it online - delivered your! Compensation of Raytheon shareholders + additional ) of $ 198K- $ 341K/yr capital...: our program consists primarily of three direct compensation elements privacy Policy our! Also continued to execute our balanced capital deployment strategy compensation objectives more about how we and... 23 billion ( $ 30 billion including Rockwell Collins ' net debt ) filed under such Acts stock Exchange the. Pay equity analysis Guide Product Guide by clicking Download Product Guide by clicking Download Product Guide by Download. Management Development and compensation Committee reviews and oversees < > Averages based raytheon executive compensation a level. Raytheon shareholders investments, and shall not otherwise be deemed filed under such Acts below the percentile... Peer Group ) effective for the holidays and restated effective as of January 1, 2009 ) I! How we handle and protect your data, visit our privacy center management Development and Committee.

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