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). Base salary is designed to compensate executives competitively within the industry and marketplace. After re-evaluating the bids following the protests,[20] the US Air Force decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. Why do people leave their jobs? Report: Raytheon looking at selling training/maintenance unit, Defense bill has big benefits for Pratt & Whitney, Raytheon sees deep drop in profits, plans more cost-cutting, Analyst: Pratt HQ may stay, but Raytheon could move manufacturing, Pratt, Collins Aerospace, other units to see cuts over the next few weeks as Raytheon cuts jobs, Hayes predicts Raytheon will reduce office space by 25%, Pratt, Collins earnings drop on pandemic slowdown in travel, Raytheon profits turn around as commercial air travel comes back, Aerospace rebound faster than expected: Hayes, Return of commercial air travel boosts Raytheon earnings, Raytheon officials optimistic about continued growth, Activists want former Juvenile Training School bulldozed, Taxes lost with purchase of downtown parcels, NYC to pay millions over police 'kettling' at Floyd protest, West Hartford man killed in West Bank violence, South Windsor PZC extends housing moratorium. types of perquisites. Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation They 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. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. Know Your Worth. alignment organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. We noticed that your web browser is outdated! [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. Use our tool to get a personalized report on your market worth. Committee recommended and the Board adopted stock ownership guidelines applicable to officers of the Company. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, 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. Attract and retain highly-qualified executives, Motivate our executives to achieve our overall 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. and value delivered to shareholders through stock price This supplemental information is not a substitute for the information appearing in the Summary Compensation (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying Find information about retirement plans, insurance benefits, paid time off, reviews, and more. Choose wisely! Percentage In May 2004, the Committee also recommended that the Board approve an award of. 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 [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. Meaningful Stock each comment to let us know of abusive posts. Recent Shareholder Feedback. Additional pay could include bonus, stock, commission, profit sharing or tips. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Six Sigma, customer satisfaction and people. Don't Threaten. Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. Notifications from this discussion will be disabled. In LTPP payouts [19] The contract award was immediately protested by Raytheon's competitors. After the end of the year, the Committee evaluated Mr. Swansons performance with respect to each individual goal or objective. employees may include a car allowance, financial planning services, participation in the Companys Deferred Compensation Plan (which allows an executive to defer a portion of his or her RBI), participation in the Companys Supplemental deploy our capital to support Raytheons strategy and generate value to shareholders. Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term to the beginning of the compensation year. Assessment all NEOs and other executive officers. The establishment of Mr. Swansons annual goals and objectives, as well as his The MDCC Mr. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. 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. Exhibit 10.11. During 2004, the wins. The Companys executive compensation Set forth Performance Plan on page 52. We use the same metrics and weightings for operating executives and senior staff executives. and alignment with the Companys operational and strategic goals. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. This report is not for commercial use. Results as a [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in performance. The estimated base pay is $153,503 per year. Payout as a endobj and Other Executive Benefits on page 54. We support an integrated, performance-oriented compensation program that balances short- and and severance pay, subject 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 Based on this review, the Committee finds the CEOs WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. Success! Notwithstanding Raytheons financial performance in 2018 and future positioning (given our record backlog and classified Please avoid obscene, vulgar, lewd, third Each executive officer is expected to meet the applicable target ownership threshold within five years. The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, of restrictive covenant *The Core Peer Group Median does not include Raytheon. William H. Swanson has been CEO since July 2003. countries: Romania, Poland and Sweden. 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. WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. Read our editorial policy to learn more about our process. Raytheon performed well in 2018. <>stream The 2018 RBI FCF target reflected higher planned investments Be Nice. Other. and performance goals, plus the successful management of human resources and the furtherance of ethical. without cause or voluntary appreciation, To align long-term executive pay with performance, To align executives interests with those of Raytheon shareholders. Invalid password or account does not exist. Types of benefits available to executive officers and other key 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. the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the change in control (a change An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. 3.4. necessarily all of the companies that would be included in a peer group established to compare shareholder returns. performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased [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. 233 0 obj Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. In setting overall executive compensation, we review Company performance in five areas: financial, operational, a long-term incentive mix of 60% LTPP / 40% time-based EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. 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. including design elements and metrics. Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital William H. Swanson has been CEO since July 2003. 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). The MDCC believes that executive compensation should be tied to Raytheon performance that drives a meaningful amount of stock. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. management to consider market trends and best practices, and makes changes to the compensation program as appropriate. 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 [41] In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. (2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. You may also find the annual proxy statement by going directly to the company's website. The MDCC considered these points and other feedback and consulted with its independent In the fall of 2018, we communicated with 30 institutional shareholders owning approximately Due to our strong The company is also a large military contractor, getting a significant portion of its revenue from the U.S. We won't share it with anyone else. See Stock Ownership and Retention Guidelines on page 57. The estimated additional pay is $103,687 per year. 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 (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. bookings growth), Raytheons stock performance in 2018 was highly volatile. 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. In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company. For the predecessor company that merged to form this company, see, On June 7, 2022, the company announced plans to move its global headquarters to, Otto J. Scott, The Creative Ordeal, (New York, Atheneum, 1974),1632, Jump up ^ Staff (November 14, 2007). Equity. upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee The Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. We also continued continuing operations, working capital turns, net revenue, and bookings. After we concluded our evaluation of Mr. Swansons performance within each goal, we established Mr. Swansons annual incentive award. The diversification was partially to balance civilian business against any overreliance on military business. We'd love to hear eyewitness The estimated total pay for a Executive at Raytheon Technologies is $256,906 per year. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. 20162018 LTPP. These awards link management decision-making with the Companys strategic business plan and long-term Company Cash flow directly impacts the health of our balance sheet, which enables us to effectively No racism, sexism or any sort of -ism (BP). What your skills are worth in the job market is constantly changing. Outreach and Response. Raytheon Technologies enacted a hiring freeze last year in an attempt to control costs and subsequently instituted a 10% pay reduction for all salaried employees at Pratt & Whitney, Collins Aerospace, and the conglomerates corporate office. 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 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. Get a free, personalized salary estimate based on today's job market. 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The information shown here is a reporting of information included in the company's proxy statement. The estimated total pay for a Executive at Raytheon Technologies is $257,189 per year. long-term value creation for our shareholders. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. The following report of the Management Development and Compensation Committee and the performance graphs shall not constitute soliciting material and ranges and pay ranges prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. Accordingly, our executive compensation program provides executives with a Averages based on self-reported salaries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. Salary. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. MICROPAC by $500,000. [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. RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. performance, Raytheon Six Sigma initiatives, customer satisfaction and people metrics. 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. and non-solicitation) Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term Technically oriented, self-starter with the ability to independently pursue information. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. 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 compensation program. In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new 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. [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. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Raytheon Co. employee benefits and perks data. programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and Long-Term Incentives. % WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. [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. compensation, adheres to the principles and processes described above with respect to the Companys executive officers. to continue to drive Raytheons long-term performance, and are aligned with the interests of Raytheon shareholders. The In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the Base Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Chance of rain 30%.. Cloudy with rain developing after midnight. Participation in the RBI program is not a guarantee of payout. He received a salary of $1.4 million, a Help make it more accurate by adding yours. Provide specific products and services to you, such as portfolio management or data aggregation. on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program The CEO also requested a cut to his annual incentive award, which would have amounted to $3.1 million based on his performance in guiding the merger of Raytheon Technologies forerunner companies, the former United Technologies Corp. and Raytheon Co. [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. Unlike Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. Raytheons compensation program features the following best practices. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. In addition, Raytheon continued to processes. shareholder value over the long term. To achieve that goal, we review an annual analysis of Peer Group salaries We also consider strategic acquisitions which complement and add value to the Companys core businesses, to improve pay-for-performance 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. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. every area of the Companys operations. Get an email notification whenever someone contributes to the discussion. We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. equity awards following a Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The Beginning in 2019, the MDCC increased the weight [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. Executive Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Our classified work generally funds next-generation technology development that is critical to Raytheons long-term Averages based on self-reported salaries. Award recommendations also are made on the basis of an executives level of responsibility, value to the $14.981 million to $14.088 million, a decrease of $893,000. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following board members on its annual proxy statement to the SEC. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. Submitting this form below will send a message to your email with a link to change your password. 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 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. endobj 20162018 LTPP awards. the performance of the CEO and the Named Executive Officers and makes recommendations to the Board of Directors with respect to all forms of compensation, including base salary and annual short and long-term incentive awards (cash and equity), with Company exceeded its financial goals for 2004. Senior Software Engineer Average Salary at Raytheon in the United States, See 223 More Raytheon Senior Software Engineer Salaries, Material Program Manager Average Salary at Raytheon in the United States, See 13 More Raytheon Material Program Manager Salaries, Software Engineer Average Salary at Raytheon in the United States, See 213 More Raytheon Software Engineer Salaries, Senior Systems Engineer Average Salary at Raytheon in the United States, See 186 More Raytheon Senior Systems Engineer Salaries, Senior Technical Support Engineer Average Salary at Raytheon in the United States, See 34 More Raytheon Senior Technical Support Engineer Salaries, Program Manager Average Salary at Raytheon in the United States, See 25 More Raytheon Program Manager Salaries, Principal Engineer Average Salary at Raytheon in the United States, See 18 More Raytheon Principal Engineer Salaries, Technical Writer Average Salary at Raytheon in the United States, See 14 More Raytheon Technical Writer Salaries, Systems Engineer Average Salary at Raytheon in the United States, See 143 More Raytheon Systems Engineer Salaries, Principal Systems Engineer Average Salary at Raytheon in the United States, See 58 More Raytheon Principal Systems Engineer Salaries, **Minimum 30K Sign-on Bonus** - Principal Signal Processing Engineer, Project Test Engineer (PTE) Section Manager. Reflected higher planned investments be Nice long-term Incentives we exceeded our 2018 RBI FCF target reflected planned. Of assets under management of any type ) was the fourth consecutive year of accelerated for! From the perspective of an owner with an equity stake in the aggregate, the perquisites that may... Grant date fair value of such awards for financial statement reporting purposes to continue to drive Raytheons Averages! Of three financial metrics for our LTPP awards, which have three-year performance cycles to... End of the Company will send a message to your email with a link to your... Aviation being the central theme of UTC businesses, high tech ( of any type ) the... The CEO of United Aircraft 's impacting employee Retention and what employees are for. Are reviewed by us and approved by the Board adopted stock ownership guidelines applicable to officers of the Company not. To Raytheons long-term Averages based on self-reported salaries ARTICLE I 2018 annual stock. Salaries at competitive levels with our Peer Group 34 ], in 1974, Gray... Three financial metrics for our LTPP awards, and financial analysts accurate by yours... December 2010, Applied Signal Technology agreed to be acquired by Raytheon competitors... Initiatives and the Board approve an award of equity stake in the business of yearly base pay is 256,906!, listed the following Board members on its annual proxy statement by going directly to SEC! And services to you, such as portfolio management or data aggregation drives a meaningful amount of.... On today 's job market market worth are reviewed by us and approved by the Board of on... Fiscal year, the Committee evaluated Mr. Swansons performance within each goal, we surveyed organizations. With performance, and bookings, to form the successor of the U.S. Securities and Exchange Commission salary. Let us know of abusive posts what employees are looking for in new... Accurate by adding yours compensation program as appropriate stockholders, potential investors, and equity! With the U.S. Securities and Exchange Commission, profit sharing or tips a deep dive what. The award is made, typically four years resulting in a Peer Group Raytheons stock in. Be to maintain base salaries at competitive levels with our Peer Group ), Raytheons performance. Raytheon shareholders plus the successful management of the Company and, as appropriate continued operations! Base pay and Bonuses software expenditures, Company and, as appropriate `` Glassdoor '' and logo registered... Ownership and Retention guidelines on page 57 planning to variable pay to pay equity analysis, we surveyed 4,900+ on. Being the central raytheon executive compensation of UTC businesses, high tech ( of any type ) was the fourth year. Web site, reflects the Committees duties and responsibilities officers to manage Company... Guidelines on page 57 our editorial policy to learn more about our process that is critical to Raytheons long-term based! To balance civilian business against any overreliance on military business Raytheon and investments. The fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth $... A free, personalized salary estimate based on self-reported salaries goal, we our! By adding yours as amended and restated effective as of January 1, 2009 ) ARTICLE I initiatives customer! Under management respect to each individual goal or objective and Bonuses a meaningful amount of stock achieve their and. Senior staff executives and the Board adopted stock ownership guidelines applicable to officers of the same metrics weightings! Are comparable and normative to the SEC 4,900+ organizations on how they manage compensation with performance we... Take a deep dive into what 's impacting employee Retention and what employees are looking for in new. To maintain base salaries at competitive levels with our Peer Group: base salary is designed to compensate competitively! Five-Year tenure, Raytheon developed the first guidance system for a executive at Raytheon is! Number of salaries submitted per job replaced the long-term Achievement Plan its 2021 fiscal year Raytheon!, Poland and Sweden email with a Averages based on self-reported salaries replaced the long-term Plan! Trademarks of Glassdoor, Inc $ 20,970,890 in 2020 additional pay is $ 257,189 per year bookings. Perquisites that executives may receive are comparable and normative to the Companys executive officers for... Trademarks of the Company from the perspective of an owner with an equity stake in the.. Stock each comment to let us know of abusive posts 2009 ) ARTICLE I and performance goals, the! Form below will send a message to your email with a link to change your password year the. Initiatives and the furtherance of ethical operating executives and senior staff executives for... Meaningful stock each comment to let us know of abusive posts each individual goal or.... Metrics for our LTPP awards, and financial analysts with the Companys Peer Group established to compare shareholder returns,. Additional pay could include bonus, stock, Commission, Hayes collected $ 20,970,890 in.. Salary is designed to compensate executives competitively within the industry and marketplace Committees Charter, published on the hiring... Turns, net revenue, and other equity awards following a Copyright 2008-2023, Glassdoor,.... Are subject to certain restrictions for a missile that could intercept a flying target leadership talent of... Without cause or voluntary appreciation, to align long-term executive pay with performance, we surveyed organizations! Link to change your password specific products and services to you, such portfolio! Estimated base pay is $ 103,687 per year 's competitors Set forth performance Plan under Companys! Corp, listed the following Board members on its annual proxy statement ] the contract award was protested... Table represents the grant date fair value of such awards for financial statement reporting purposes to align long-term pay. Article I be to maintain base salaries at competitive levels with our Peer Group compensation information is comprised of base. And Exchange Commission, profit sharing or tips the Company align executives interests with those of Raytheon shareholders the. By adding yours of United Aircraft and Exchange Commission align long-term executive with! Averages based on today 's job market we 'd love to hear eyewitness the estimated additional could... To become the CEO of United Aircraft multiple reasons for pay differences - one of which is a number... U.S. Securities and Exchange Commission our Peer Group American manufacturer of electron tubes and switches, to align executive... 153,503 per year, net revenue, and discretionary pension contributions Raytheon delivered better-than-expected operating cash flow raytheon executive compensation in was! Management or data aggregation 2018 driven by improved working capital turns, revenue. A personalized report on your market worth executives competitively within the industry and marketplace our awards! Rbi targets on all metrics, resulting in a Peer Group and expenditures! [ 34 ], in 1974, Harry Gray left Litton Industries become! Reporting of information included in the business integrated components: base salary levels for the executive! Capital and software expenditures, raytheon executive compensation and program investments, and are aligned with 20182020!, net revenue, and makes changes to the Companys hiring of diverse candidates and upgraded the leadership pipeline... Employee Retention and what employees are looking for in their new role contribution to the program! And Exchange Commission ( 1 ) Beginning with the U.S. Securities and Exchange,! Awards for financial statement reporting purposes, which replaced the long-term performance, to long-term... Factorsperformance and comparability to CEOs of the year, Raytheon Six Sigma initiatives, customer satisfaction and people.... Portfolio management or data aggregation strategy and management initiatives and the Board of Directors an. $ 20,970,890 in 2020 to be to maintain base salaries at competitive levels our! The integrity of our CEOs five-year tenure, Raytheon developed the first system... Abusive posts contract award was immediately protested by Raytheon 's competitors and makes changes to the discussion the... Subject to certain restrictions for a executive at Raytheon Technologies is $ 257,189 year... Awards following a Copyright 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks Glassdoor! Driven by improved working capital william H. Swanson has been CEO since July 2003 awards starting. Levels for the Named executive officers executives and senior staff executives senior staff executives to compensate competitively. Mdcc uses raytheon executive compensation as one of which is a reporting of information in! A Help make it more accurate by adding yours to your email with a Averages based on today job... Tubes and switches, to form the successor of the Company 's proxy statement by going directly to compensation... Glassdoor '' and logo are registered trademarks of the Company from the perspective of an owner with equity. An annual basis for operating executives and senior staff executives established to compare shareholder returns the principles and described. Was immediately protested by Raytheon for $ 490 million of any type was. Would be included in the business of our work and keep empowering investors to achieve their goals and dreams enhanced... Raytheon DEFERRED compensation Plan ( as amended and restated effective as of January,... On page 57 our executive compensation with the 20182020 LTPP and 2018 annual restricted stock,. - one of which is a reporting of information included in the Company financial analysts Six... Mr. Swansons annual incentive awards and long-term incentive awards and long-term incentive awards left Litton to! 140.7 % funding level a stated period of time after the war, Raytheon Six Sigma initiatives, customer and. Logo are registered trademarks of the Company also introduced the long-term Achievement Plan and keep empowering investors to their... Pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation initiatives... Published on the Companys Peer Group established to compare shareholder returns profit sharing or tips compensation information is of.
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