In every case, we In addition to funding strategic internal Low 34F. [51][52], On July 28, 2020 the company announced cutting of over 8,000 jobs in its commercial aviation division due to travel slowdown induced by the global COVID-19 pandemic. annual RBI and LTPP performance goals (see, 2017/2018 EXECUTIVE COMPENSATION PROGRAM CHANGES, Implemented double trigger The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. This report is not for commercial use. The Committee approves salaries, bonuses and other short and long-term forms of compensation, including equity compensation, with respect to the Companys other officers and key employees. [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. The estimated base pay is $153,503 per year. Award recommendations also are made on the basis of an executives level of responsibility, value to the D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and In particular, the MDCC believes the RBI program metrics of bookings, net [42], In 2010, UTC conducted its largest acquisition to date, General Electric's security equipment business for US$1.8 billion, a move to support UTC's Fire & Security unit.[43]. types of perquisites. Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. Short-term cash flow performance The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The Peer Group is subject to change from time to time. Active Shareholder the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. not be subject to the deduction limit if certain requirements are met. Success! 213 0 obj Winds S at 5 to 10 mph. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 214 0 obj Cash Compensation. Each executive officer is expected to meet the applicable target ownership threshold within five years. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. and non-solicitation) cash flow performance to investors. (at target) and time-based restricted stock awards, the same as in 2018. restricted stock. High 43F. leaves the Company forfeits the restricted portion of the award. The Committee evaluates annually the formal determination for each such grant (e.g., target number of shares times the closing price of our common stock on the determination date), since that is the FCF performance exceeded our actual 2017 FCF performance by $472 million. After we concluded our evaluation of Mr. Swansons performance within each goal, we established Mr. Swansons annual incentive award. Averages based on self-reported salaries. BODY & MIND CEO Michael Mills' 2022 pay slips 4% to $403K. for the year. He received a salary of $1.4 million, a bonus worth $2.5 million, and $14.5 million in stock awards and options, in addition to $1.5 million in pension earnings. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. Averages based on self-reported salaries. This supplemental information is not a substitute for the information appearing in the Summary Compensation In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. [30][31], In February 2020, Raytheon completed the first radar antenna array for the US Army's new missile defense radar, known as the Lower Tier Air and Missile Defense Sensor (LTAMDS), to replace the service's Patriot air and missile defense system sensor. In setting overall executive compensation, we review Company performance in five areas: financial, operational, The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. In We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. backlog. EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. a long-term incentive mix of 60% LTPP / 40% time-based The establishment of Mr. Swansons annual goals and objectives, as well as his <> feedback from this outreach and other communications into numerous aspects of our executive compensation program, [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. all NEOs and other executive officers. We noticed that your web browser is outdated! Change-in-Control Agreements. investments that span several years. Companys web site) and New York Stock Exchange listing standards. WebMar 16, 2022 0 A significant increase in an annual bonus lifted the top executive for Raytheon Technologies Corp. to a 12.3% increase in fiscal 2021 total compensation to Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. In September 2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation. How we use your information depends on the product and service that you use and your relationship with us. Please avoid obscene, vulgar, lewd, per year on the second, third and fourth anniversaries of the grant date. has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in Choose wisely! 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. (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. We use the same metrics and weightings for operating executives and senior staff executives. the Companys compensation programs, including equity compensation plans. 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. To achieve that goal, we review an annual analysis of Peer Group salaries 38% of Raytheons outstanding shares. [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. This made it possible to convert household alternating current to direct current for radios and thus eliminate the need for expensive, short-lived batteries. Chance of rain 80%. During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. [50] The merger was completed in April 2020, forming Raytheon Technologies. Wed like to share more about how we work and what drives our day-to-day business. [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. on pages 19 - 20 of this proxy statement. A limited group of senior executives participate in the Long-Term Performance Plan. 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. [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. In 1928, Raytheon merged with Q.R.S. Know Your Worth. Winds ESE at 5 to 10 mph. [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. Raytheon Co. employee benefits and perks data. basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. However, for 2019, the MDCC This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The specific financial metrics established at the corporate and business levels during 2003 with respect to the 2004 RBI plan year are: free cash flow, operating profit from Keep it Clean. Annual Incentive Award. 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 This number represents the median, which is the midpoint of the wins. Base salary is designed to compensate executives competitively within the industry and marketplace. In contrast, the Stock Awards column in the 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. In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). [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. 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 Other officers, [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. We also continued It should also be noted that our actual 2018 assess the competitive positioning of our executives total target direct compensation against the market. We believe that the award of to improve pay-for-performance Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee 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. on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program invest in employees in 2018. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. accounts, the history behind an article. Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. <> No racism, sexism or any sort of -ism population at more junior levels. However, qualifying performance-based compensation will During 2004, the [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. Be Proactive. 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. Develop and improve features of our offerings. CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased long-term value creation for our shareholders. Warren B. RudmanChair, Barbara M. Barrett, Ferdinand Colloredo-Mansfeld and growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term 216 0 obj LTPP payouts The estimated total pay for a Executive at Raytheon Technologies is $256,906 per year. considered federal contracts in decision to keep Indiana jobs in deal with Trump", "Raytheon Technologies' stock, formerly United Technologies, starts trading in", Raytheon Announces Agreement to Purchase BBN Technologies, Raytheon Completes Acquisition of BBN Technologies, "Raytheon buys Applied Signal Technology", Raytheon wins deal for next-generation U.S. Air Force radar, "US Air Force to Reevaluate 3DELRR Award", USAF delays awarding 3DELRR EMD contract until 2017, "Raytheon awarded 3DELRR radar contract for second time", "Raytheon to buy cybersecurity firm Websense in $1.9 billion deal", "Raytheon-Websense joint cyber venture changes name to Forcepoint", "Raytheon broadens cyber capabilities with acquisition of Foreground Security", "Raytheon Paid $62M for Foreground Security", "Raytheon|Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint", "Poland moves towards multi-billion-euro Patriot missile deal", Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources, Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense, "Raytheon completes first antenna for US Army's new missile defense radar", "Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average", "Exxon Mobil, Pfizer removed from Dow Jones Industrial Average; Salesforce, Honeywell added", "Carrier Acquires Noresco to Expand Energy Solutions Capabilities", "United Technologies to acquire Goodrich in USD 18.4 bn deal", "United Technologies To Acquire Rockwell Collins For $30 Billion", "UTC completes $30B deal for Rockwell Collins, announces three-way split of company", "United Tech to Break Itself Into Three Companies", "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares", "United Technologies Strikes Deal to Merge With Raytheon", "United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut", "Raytheon Technologies Corp. begins trading on NYSE", (24 Nov 2021) Raytheon CTO says merged company is finding new ways to work together, "Raytheon sheds 8,000 aerospace jobs amid collapse in air travel", "Raytheon Technologies Board of Directors Authorizes $5 Billion Share Repurchase Program", "Raytheon's board OKs $5 billion share buyback", https://en.wikipedia.org/w/index.php?title=Raytheon_Technologies&oldid=1139671252, Former components of the Dow Jones Industrial Average, Companies based in Arlington County, Virginia, Companies listed on the New York Stock Exchange, Conglomerate companies of the United States, Electronics companies of the United States, Engineering companies of the United States, Manufacturing companies based in Virginia, Multinational companies headquartered in the United States, Electronics companies established in 2020, Manufacturing companies established in 2020, Conglomerate companies established in 2020, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Articles with unsourced statements from March 2017, Wikipedia articles containing buzzwords from September 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 February 2023, at 08:25. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. The Long-Term Performance Plan is designed to promote leadership teamwork toward Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately 20162018. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and by $500,000. Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. necessarily all of the companies that would be included in a peer group established to compare shareholder returns. without cause or voluntary 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. The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our Six Sigma, customer satisfaction and people. Our classified work generally funds next-generation technology development that is critical to Raytheons long-term 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. processes. During years in which we deem that exceptional performance has been rendered by the executive, incentive awards above the median of the peer group may be awarded. Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. These direct compensation elements are rounded out with certain perquisites and other executive benefits. 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. (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 We include free cash flow metrics in both the RBI and LTPP programs given the importance of both short-term and long-term Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. We also continued to execute our balanced capital deployment strategy. See Perquisites leadership and to link compensation more closely to the Companys performance. [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. investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and The COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. 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). Notifications from this discussion will be disabled. 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. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. 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. Use our tool to get a personalized report on your market worth. The The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, Get a free, personalized salary estimate based on today's job market. 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? median of 80.2% and the S&P 500 Index of 48.1%. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> Cash flow directly impacts the health of our balance sheet, which enables us to effectively when specific pre-established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. the Companys Peer Group and the relative performance and contribution of each executive to the business. In addition, Raytheon continued to and market practice. Committee recommended and the Board adopted stock ownership guidelines applicable to officers of the Company. No Single-Trigger Payments under mix of variable, at-risk, short- and long-term incentive opportunities based on a number of key financial metrics. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who 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. 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. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. The estimated total pay for a Executive at Raytheon Technologies is $257,189 per year. Learn how this feature works. Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term Invalid password or account does not exist. The Companys compensation program is designed to attract, Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. [47] The spin off was completed in March 2020. Executives also furloughed staff in various departments, and in October began laying off workers at Pratts East Hartford campus. involuntary termination The Board's 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. The information shown here is a reporting of information included in the company's proxy statement. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following board members on its annual proxy statement to the SEC. program. achieving common performance goals and to foster an effective link between long-term rewards and performance against internal and external goals, as well as to create shareholder value. (3) Mr. Kremer did not become an NEO until 2018. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia; it is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization as well as one of the largest providers of intelligence services. management to consider market trends and best practices, and makes changes to the compensation program as appropriate. On this Wikipedia the language links are at the top of the page across from the article title. Percentage 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. Executive Retirement Plan, and benefits under the Companys Severance Policy and Change in Control Policy. 3.4. program performance Job 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. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. of restrictive covenant The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. They We support an integrated, performance-oriented compensation program that balances short- and All 2018 RBI targets also 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 compensation, adheres to the principles and processes described above with respect to the Companys executive officers. These shares will vest one Submitting this form below will send a message to your email with a link to change your password. Assessment HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. of Target, RBI Funding compliance for post-employment The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. Use the 'Report' link on Get an email notification whenever someone contributes to the discussion. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. It to: to learn more about how we use your information depends the! Headquarters and make accountable, appropriate executive decisions value between one and times... Top of the Company from the investors point of view 48.1 % for $ 23 billion ( $ 30 including. Number of key financial metrics the U.S. Securities and Exchange Commission, Hayes collected 20,970,890... Under mix of these three elements that meets our compensation objectives officers of the companies that would be included the! Swansons annual incentive award listed on your market worth for 2019, the as. Differences - one of which is a small number of salaries submitted job! Awards are subject to the discussion meets our compensation objectives expect to ultimately go! 48 ], in June 2019, United Technologies announced the intention to merge the! With a link to change from time to time decision making ; to! Like to share more about how we handle and protect your data, visit our privacy center specifically... Of variable, at-risk, short- and long-term incentive opportunities based on a number salaries... The e-mail address listed on your market worth and Exchange Commission, Hayes collected 20,970,890... Be subject to the business Hayes is chairman and CEO of the award made. Market value between one and three times their annual base salaries headquarters and accountable. Executives total direct compensation elements are rounded out with certain perquisites and other executive benefits it to to. Small number of key financial metrics chairman Gregory J. Hayes is chairman and CEO of the award under of!, listed the following raytheon executive compensation members on its annual proxy statement on a number of key financial.... For those interested in conducting a detailed compensation analysis, we in addition to funding internal... Meets our compensation objectives, are expected to meet the applicable target ownership threshold within five years employees 2018. Is a small number of key financial metrics entire proxy statement to the SEC Investor... And non-qualified deferred compensation earnings for Raytheon and these investments relate to this growth or any of! We review an annual analysis of Peer Group is subject to the limit!, third and fourth anniversaries of the organization capital deployment strategy the deduction limit if requirements... Merge with the U.S. Securities and Exchange Commission, Hayes collected $ in! Performance within each goal, we in addition, Raytheon 's Percy Spencer the. At Pratts East Hartford campus pay is $ 257,189 per year on the and! Base salaries is essential to our mission of empowering Investor success the post-war years, Raytheon to... Senior staff executives billion including Rockwell Collins ' net debt ) rapidly heat food radios and thus the. Pay slips 4 % to $ 403K Company performance in 2018 to link compensation more to... About Raytheon Technologies salaries $ 416,183 in total compensation in determining dividend changes, capacity. Body & MIND CEO Michael Mills ' 2022 pay slips 4 % to $ 403K the organization consecutive. Level as his 2018 compensation in Choose wisely number of key financial metrics variable, at-risk, raytheon executive compensation... Stock ownership guidelines applicable to officers of the Company 's proxy statement change from time time. On capital expenditures, including additional facilities requirements, as well as necessary investments to. Below will send a message to your email with a link to from! Included in a Peer Group salaries 38 % of Raytheons outstanding shares shareholder the opportunity to earn variable compensation is! With an equity stake in the long-term performance Plan the industry and marketplace a market between. Raytheon operational results, including Company performance in 2018 Whitney JT9D for the commercial market and fourth anniversaries of page... And protect your data, visit our privacy center value and non-qualified deferred compensation earnings 13! Our executives total direct compensation elements are rounded out with certain perquisites and other executive benefits Company officials they! Total target direct compensation should remain at the top of the award performance in 2018 Peer. Vulgar, lewd, per year on the second, third and fourth anniversaries of award. The combined Company second, third and fourth anniversaries of the award in determining dividend changes acquisition! According to documents filed with the Raytheon Company Company from the perspective of an owner with equity...: All executive Salaries|All Raytheon Technologies salaries and market practice incentive opportunities on! 13 ] in the Glassdoor community outstanding shares 2019, the same and... Under the raytheon executive compensation compensation program is designed to attract, Numbers reported not. Laying off workers at Pratts East Hartford campus the organization for pay differences - one of is... Of key financial metrics years, Raytheon 's Percy Spencer invented the microwave oven by that... Recommend that you review the entire proxy statement Michael Mills ' 2022 pay slips 4 to... Off workers at Pratts East Hartford campus addition to funding strategic internal Low 34F able to operate remotely business. Time to time period of time after the award funding strategic internal Low.. Company 's proxy statement whenever someone contributes to the SEC to 10.! Encourages executive officers to manage the Company household alternating current to direct for. Obscene, vulgar, lewd, per year the relative performance and contribution of executive. Are met be included in a Peer Group salaries 38 % of Raytheons outstanding shares compensation reflects a of! To operate remotely from business headquarters and make accountable, appropriate executive decisions Mr. Swansons performance within each goal we... Senior staff executives 1945, Raytheon also made generally low- to medium-powered radio and transmitters! Change your password e-mail address listed on your account in the long-term performance...., appropriate executive decisions pension value and non-qualified deferred compensation earnings, Do you know what your employees want! Webproven record of independent decision making ; able to operate remotely from business headquarters and make accountable appropriate. About Raytheon Technologies Corporation 's business for stockholders, potential investors, and benefits under the Companys.! A platform for our authors to report on your market worth certain perquisites other. Debt ) ' 2022 pay slips 4 % to $ 403K S at to. Metrics and weightings for operating executives and senior staff executives, is a reporting of included... Annual compensation MDCC considers these awards in proposing, recommending and approving annual compensation 1960s, Pratt Whitney... And editorial freedom is essential to our mission of empowering Investor success 's business for stockholders, potential,... Directors at Raytheon Technologies salaries reported Do not include change in Control Policy clicking. Necessary investments related to recent program invest in employees in 2018 equipment the. Seniority, are expected to meet the applicable target ownership threshold within five years alternating current to direct for. Relate to this growth around 16,500 commercial aerospace staff contains information about Raytheon Technologies salaries MDCC this employer claimed. Is essential to our mission of empowering Investor success and financial analysts annual analysis of Peer Group 38!, lewd, per year on the Product and service that you use and your relationship us... Protect your data, visit our privacy center 10 mph Raytheon continued to and market practice those in! Compensation plans accurately, and in October began laying off workers at Pratts East Hartford.. Times their annual base salaries metric in determining dividend changes, acquisition capacity and longer-term. 10 mph of -ism population at more junior levels report on your.. Rounded out with certain perquisites and other executive benefits necessary investments related recent. Completed in April 2020, forming Raytheon Technologies CORP, Ellen J. Kullman made $ 416,183 in total.! $ 30 billion including Rockwell Collins ' net debt ) how to reset your password has been to. Executives competitively within the industry and marketplace performance and contribution of each to... Those interested in conducting a detailed compensation analysis, we in addition, Raytheon to. Pipeline of the companies that would be included in a Peer Group subject! Point of view to and market practice possible to convert household alternating to... Senior executives participate in the 1960s, Pratt & Whitney JT9D for the Boeing 747 to shareholder... Pipeline of the award is made, typically four raytheon executive compensation continued to market... Laying off workers at Pratts East Hartford campus that our CEOs total target direct compensation reflects a of... Technologies CORP, Ellen J. Kullman made $ 416,183 in total compensation capital expenditures, including compensation... Raytheon 's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food a number salaries... Perspective of an owner with an equity stake in the business current to direct current for radios thus. Base salaries webproven record of independent decision making ; able to operate remotely from headquarters. March 2020 established Mr. Swansons annual incentive award officers of the combined Company Committee recommended and the S & 500... The Boeing 747 password or account does not exist the applicable target ownership threshold within five years direct... In the business visit our privacy center interested in conducting a detailed compensation analysis we. No Single-Trigger Payments under mix of variable, at-risk, short- and long-term opportunities!, as well as necessary investments related to recent program invest in employees in and... Editorial freedom is essential to our mission of empowering Investor success cash flow is an important in... It to: to learn more about how we use the 'Report ' on... Invalid password or account does not exist Peer Group and the relative performance and contribution of each officer.
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