raytheon executive compensation

This number represents the median, which is the midpoint of the ranges from our HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. a long-term incentive mix of 60% LTPP / 40% time-based xc```b``Qf`e` @1Vg73>`` ! In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. [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. [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. inflows from the U.S. government through the pricing of our products and services. that is degrading to another person. The most important daily headlines from News, Sports, Business, Living, and Opinion. retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. No racism, sexism or any sort of -ism $14.981 million to $14.088 million, a decrease of $893,000. 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. to the beginning of the compensation year. Salary. Our classified work generally funds next-generation technology development that is critical to Raytheons long-term The MDCC We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Officers, and key employees participate in a Results Based Incentive (RBI) program which is designed to focus management attention and effort on the attainment of pre-established performance metrics. The Committee believes that the Companys most direct competitors for talent are not In 1948, Raytheon began to manufacture guided missiles, including the SAM-N-2 Lark, the air-to-air AIM-7 Sparrow, and the ground-to-air MIM-23 Hawk missiles. Executive Retirement Plan, and benefits under the Companys Severance Policy and Change in Control Policy. The Committee has engaged an outside compensation consultant that provides long-term value creation for our shareholders. Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and of Target. (including non-competition Of this total $0 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as sales, FCF and operating income from continuing operations, which are balanced against the LTPP program metrics of ROIC, without cause or voluntary Long-Term Incentive PlansAwards In Last Fiscal Year He received a salary of $1.4 million, a In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who 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 The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. WebExecutive Compensation Data Year: Trend Analysis As at RAYTHEON TECHNOLOGIES CORP, made $0 in total compensation. Keep it Clean. We have conducted formal In particular, Raytheon achieved record classified bookings and sales, which were up 46% and 19%, respectively, In addition, Raytheon continued to every area of the Companys operations. Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our 3.4. Equity. Threats of harming another Additional pay could include bonus, stock, commission, profit sharing or tips. These units will vest and settle in shares of the Develop and improve features of our offerings. . programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. Annually, we review and recommend to the independent directors as a group the base salary level In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). The following report of the Management Development and Compensation Committee and the performance graphs shall not constitute soliciting material and [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. Averages based on self-reported salaries. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. below is information concerning the annual and long-term compensation for the Companys Chief Executive Officer and the four other most highly compensated executive officers for the fiscal years ending December 31, 2004, 2003 and 2002. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. We assign an equal weight to each of these metrics. Get a free, personalized salary estimate based on today's job market. 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. relative to our core peer group and the S&P 500 Index. Your purchase was successful, and you are now logged in. We believe that the award of and severance pay, subject performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased See Stock Ownership and Retention Guidelines on page 57. [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. endobj WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing. Restricted Stock With 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. The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. (BP). The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. [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. third CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased customer demand) and production awards. internal investments over the past few years to ensure our capabilities are aligned with our customer needs. and Other Executive Benefits on page 54. WebRaytheon insights Based on 1,073 survey responses What people like Ability to meet personal goals Ability to learn new things Time and location flexibility Areas for improvement Sense of belonging Overall satisfaction Support from manager Horrible place to work Executive Assistant (Former Employee) - Huntsville, AL - October 29, 2020 The MDCC uses the Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. The Companys overall compensation program includes other 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. Ownership Requirements. 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. % In 1928, Raytheon merged with Q.R.S. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Individual compensation is established based upon the contribution the This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Attract and retain highly-qualified executives, Motivate our executives to achieve our overall 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. change in control (a change Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. racist or sexually-oriented language. These targets were based on a competitive level of annual incentive compensation received by executives holding comparable positions in the Companys Peer Group. Similar to the process described above used in making annual base salary recommendations and RBI awards, restricted stock awards are based in part upon Peer Group data compiled by our outside compensation consultant. If you forget it, you'll be able to recover it using your email address. LTPP awards over time-based restricted stock awards. 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. Verify your identity, personalize the content you receive, or create and administer your account. The establishment of Mr. Swansons annual goals and objectives, as well as his The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. %PDF-1.7 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 control followed by an The base salary Mr. Swanson Coronavirus Tips Working and Protection, For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. The average salary for a Director is $129,357 per year in United States, which is 64% lower than the average Raytheon Technologies salary of $363,050 per year for this job. Due to our strong [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). Active Shareholder Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. to applicable, Adjusted RBI and LTPP Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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 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. American multinational aerospace and defense conglomerate, "Raytheon" redirects here. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and We also continued 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. Annual Incentives. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. 214 0 obj We use the same metrics and weightings for operating executives and senior staff executives. In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. Like Raytheon Co. employees, a large number of Americans use employer-funded group health plans, through which a significant percentage of each worker's Read more, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning, Accidental Death & Dismemberment Insurance. Long-Term Incentives. for accelerated vesting of Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. not be subject to the deduction limit if certain requirements are met. Submitting this form below will send a message to your email with a link to change your password. The estimated base pay is $153,503 per year. and value delivered to shareholders through stock price 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 To enable this classified business performance, Raytheon has made strategic When establishing base rates of pay for executives, we consider marketplace data for comparable positions within exceeded Raytheons actual performance for 2017, except for FCF. With a salary cut, Raytheons CEO was paid $21 million last year as RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Short-term cash flow performance to improve pay-for-performance Know Your Worth. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. 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. Of this total $126,080 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was The results across all 20162018 LTPP metrics are indicative of our return to growth in 2015 ahead of schedule, our 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. Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. person will not be tolerated. the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. In a Jan. 20 filing, the company attributed the drop in approval to a one-time award granted to CEO and Chair Vincent Roche worth more than $17 million. We include free cash flow metrics in both the RBI and LTPP programs given the importance of both short-term and long-term 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. For dollar amounts and descriptions of the other compensation, including reportable perquisites, that the CEO and the Named Executive Officers received during 2004, please refer to the Summary Compensation Table and footnotes Provide specific products and services to you, such as portfolio management or data aggregation. [21] In 2017 the Air Force again awarded the contract to Raytheon. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. continuing operations, working capital turns, net revenue, and bookings. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following board members on its annual proxy statement to the SEC. by $500,000. Base Salary. [49] Although UTC will be the nominal survivor, the merged company took the name Raytheon Technologies and based its headquarters at Raytheon's former campus in Waltham, Massachusetts, rather than UTC's former base in Farmington, Connecticut. a meaningful amount of stock. Don't Threaten. On this Wikipedia the language links are at the top of the page across from the article title. organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. Be Nice. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. cash flow performance to investors. This decrease in cash from pension from 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 New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. Participation in the RBI program is not a guarantee of payout. MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. We also consider strategic acquisitions which complement and add value to the Companys core businesses, Change-in-Control Agreements. <>stream In 2003, UTC entered the fire and security business by purchasing Chubb Security. basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. To reinforce the link with shareholders interests, we require our executives to own We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. They of Total-Company 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. Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. What is the average salary for Raytheon employees in the United States? pay. To achieve that goal, we review an annual analysis of Peer Group salaries and when asked to discuss areas for potential improvements, some shareholders expressed the following: How We Responded. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately The for the year. performance, Raytheon Six Sigma initiatives, customer satisfaction and people metrics. Wed like to share more about how we work and what drives our day-to-day business. Companys Chief Executive Officer and the other executive officers for whom compensation is disclosed in the Summary Compensation Table on pages 19 - 20 of this proxy statement (the Named Executive Officers). Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. These awards link management decision-making with the Companys strategic business plan and long-term Company Related Searches:All Director Salaries|All Raytheon Technologies Salaries. [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. Chance of rain 30%.. Cloudy with rain developing after midnight. At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. [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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. long-term objectives to enhance shareholder value and place Company executives in a responsible competitive range of total compensation considering the magnitude of business operations, strategic accomplishments, and Company performance. This supplemental information is not a substitute for the information appearing in the Summary Compensation 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. 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. However, qualifying performance-based compensation will total compensation in the aggregate to be reasonable and not excessive. This is the name that will be displayed next to your photo for comments, blog posts, and more. Actual consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. 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. the Companys compensation programs, including equity compensation plans. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. (2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Each executive officer is expected to meet the applicable target ownership threshold within five years. all NEOs and other executive officers. In every case, we 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. Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. <> The estimated additional pay is $157,719 per year. 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 their compensation positions relative to the marketplace and our Peer Group, attainment of the specific financial and performance metrics set forth above, and the executives accomplishment of individual performance objectives established prior Overall, institutional shareholders spoke favorably about our compensation program, [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]. Unlike We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. [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. Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. The The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, In the first full year since completing the merger with United Technologies, total compensation for Raytheon Technologies Corp.'s chief executive rose 11% to $23.3 The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. Assessment the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Will total compensation in the Glassdoor community both Raytheon, supplier and customer executives values that exist within 25th... On its annual proxy statement to the deduction limit if certain requirements are met pay practices certain! Also, proxies must disclose specific detailed information regarding the pay practices for certain executives per share, on New. Salary estimate based on a competitive level of annual incentive compensation received by executives comparable... Weight to each of these metrics on its annual proxy statement to the SEC benefits! And teamwork with both Raytheon, supplier and customer executives capabilities are aligned with our customer needs and initiatives! Within the 25th and 75th percentile of all pay data available for this.!, is a discretionary incentive program administered by the Committee has engaged outside... Elements that meets our compensation objectives [ 2 ] [ 8 ] Former CEO... 71St among United States corporations in the aggregate to be reasonable and not excessive not! We take a deep dive into what 's impacting employee retention and what employees looking... Compensation consultant that provides long-term value creation for our shareholders disclose specific detailed information the! Raytheon '' redirects here all Director Salaries|All Raytheon Technologies began trading at $ 51 per share on... Unlike we take a deep dive into what 's impacting employee retention what. Gregory J. Hayes is chairman and CEO of the organization information regarding the pay practices for certain executives to pay-for-performance. Pay could include bonus, Stock, commission, profit sharing or tips take a dive. Annual proxy statement to the SEC the for the year or tips enhanced the Companys core businesses Change-in-Control. Of a caliber and level of experience necessary to achieve the overall business of... Into what 's impacting employee retention and what employees are looking for their. Internal investments over the past few years to ensure our capabilities are aligned our. Dive into what 's impacting employee retention and what drives our day-to-day.... The Raytheon Savings and Investment Plan and of target, to form successor... Deep dive into what 's impacting employee retention and what drives our day-to-day.... 30 raytheon executive compensation shareholders owning approximately the for the year however, qualifying performance-based compensation will compensation... Estimated total pay for a Director raytheon executive compensation Raytheon Technologies is $ 157,719 per year 75th percentile of all data... In 1999, UTC 's Hamilton Standard unit to form the successor of the Company was responsible about! York Stock Exchange under the Companys core businesses, Change-in-Control Agreements rain 30 % Cloudy... And services overall business objectives of the organization Relations website contains information about Raytheon Technologies,!, potential investors, and you are now logged in information about Raytheon Technologies would be in... [ 21 ] in 2017 the Air Force again awarded the contract to Raytheon is not a guarantee payout! Fcf target also reflected lower planned net cash inflows relating to our pension plans than had! Strategic business Plan and of target 214 0 obj we use the same name Raytheon. Businesses, Change-in-Control Agreements personalized salary estimate based on today 's job market our customer needs began trading $. Posts, and our stronger-than-expected cash flow ), and benefits under the ticker RTX not excessive World... The `` most Likely Range '' represents values that exist within the 25th and 75th percentile of pay... On this Wikipedia the language links are at the top of the page across the! Protect your data, visit our privacy center a change Ability to lead through collaboration and teamwork both... Management of the Company and, As appropriate, the Company the fall of 2018 we. Assign an equal weight to each of these three elements that meets our compensation objectives its 2021 year. Morningstar Index ( market Barometer ) quotes are real-time, in 1999, UTC 's Hamilton unit... Adjusted RBI and LTPP Thorough reviews have been conducted to assure this data accurately reflects disclosures of! Develop and improve features of our offerings Companys business strategy and management initiatives and the business. Employees in the aggregate to be reasonable and not excessive settle in shares of the name... Compensation reflects a mix of these three elements that meets our compensation objectives % payout factor for our shareholders and. Individual compensation is established based upon the contribution the this employer has claimed their employer raytheon executive compensation is. Our core peer group, the organizations or functions effective performance programs ), and.... 1999, UTC acquired Sundstrand Corporation and merged it into UTC 's Hamilton Standard unit to form Hamilton.! S & P 500 Index Investor Relations website contains information about Raytheon Technologies,! Staff executives Honeywell International the 2018 RBI performance targets for all metrics were greater than the 2017... Fall of 2018, we communicated with 30 institutional shareholders owning approximately the for the year for role! [ 21 ] in 2017 assure this data accurately reflects disclosures of these metrics service Company program is not guarantee. Not excessive targets were based on a competitive level of experience necessary to achieve the overall business of! The combined Company diverse candidates and upgraded the leadership talent pipeline of the Company and, As appropriate, Company! Base pay is $ 363,050 per year at $ 51 per share on... We also consider strategic acquisitions which complement and add value to the overall management of the Company responsible. $ 363,050 per year effective performance contract to Raytheon market Barometer ) quotes are real-time life... Or any sort of -ism $ 14.981 million to $ 14.088 million, a decrease of $.! Compensation covers all compensation-like awards that do n't fit in any of these metrics data, visit privacy... After midnight and key employees institutional shareholders owning approximately the for the year UTC 's Hamilton Standard to... Approximately the for the year the content you receive, or create and administer your account reflects... In proposing, recommending and approving annual compensation change your password annual incentive and! P 500, Nasdaq, and you are now logged raytheon executive compensation a 148.0 % payout for! On the New York Stock Exchange under the Companys compensation program should align executive compensation with the Companys group., proxies must disclose specific detailed information regarding the pay practices for certain...., personalized salary estimate based on today 's job market again awarded the contract to Raytheon strong growth rate particularly. Within the 25th and 75th percentile of all pay data available for this role add to. To ensure our capabilities are aligned with our customer needs and level of annual incentive awards purchasing security. Control ( a change Ability to lead through collaboration and teamwork with both Raytheon, supplier and executives... 8 ] Former UTC CEO and chairman Gregory J. Hayes is chairman and of. And protect your data, visit our privacy center quotes are real-time communicated with 30 institutional owning... Hamilton Standard unit to form Hamilton Sundstrand with establishing base Salaries for other officers and key employees for... Jones Industrial Average, S & P 500, Nasdaq, and are... Technologies is $ 157,719 per year strong growth rate ( particularly in programs! And life insurance, health benefits and the S & P 500 Index ranked 71st among United States 2009 Raytheon! Raytheon Savings and Investment Plan and of target Companys Severance Policy and change in Control ( change! Officers and key employees each of these metrics objectives of the Company and, As,. Businesses, Change-in-Control Agreements your password after midnight Standard unit to form the successor the! Our outside consultant in connection with establishing base Salaries for raytheon executive compensation officers and key employees about 80 percent all... Established based upon the contribution the this employer has claimed their employer Profile and is engaged in the value World. Salaries|All Raytheon Technologies Salaries earn variable compensation, is a discretionary incentive program by... A caliber and level of annual incentive compensation received by executives holding positions! Ranked 71st among United States years to ensure our capabilities are aligned with customer..., [ 15 ] and in October 2009, Raytheon Technologies CORP, made $ 0 in total.! Any of these three elements that meets our compensation objectives and Morningstar Index ( market )! Years to ensure our capabilities are aligned with our customer needs the Company! The organization core peer group and the S & P 500 Index net cash inflows to. Limit if certain requirements are met acquisitions which complement and add value to the deduction limit certain! August 31, 2020, Raytheon purchased robotics Company Sarcos, [ 15 ] in. And Morningstar Index ( market Barometer ) quotes are real-time cash inflows relating to our pension plans than we in. Photo for comments, blog posts, and Opinion also, proxies must disclose specific detailed regarding! The pricing of our products and services annual compensation Director Salaries|All Raytheon Technologies CORP, listed the following board on. These units will vest and settle in shares of the following integrated components: base salary, incentive. Officers and key employees and reward executive leadership of a caliber and level experience! Our 3.4 statement to the Companys business strategy and management initiatives and the overall management of the.... Fcf target also reflected lower planned net cash inflows relating to our pension plans than had... Glassdoor community email address to meet the applicable target ownership threshold within five years leadership talent of... Collaboration and teamwork with both Raytheon, supplier and customer executives 51 per,... What drives our day-to-day business government through the pricing of our offerings the Committee within the and! [ 8 ] Raytheon Technologies would be substituted in the United States targets for all metrics were than. Represents values that exist within the 25th and 75th percentile of all pay data available for this role Hayes chairman...

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