reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. FCF performance exceeded our actual 2017 FCF performance by $472 million. We also continued to execute our balanced capital deployment strategy. 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 [19] The contract award was immediately protested by Raytheon's competitors. change in control (a change The Lowell Sun (MediaNews Group), United Aircraft and Transport Corporation, aircraft engine and airframe manufacturing, Raytheon Intelligence, Information and Services, "Raytheon Technologies Form 10-K Annual Report", "United Technologies and Raytheon Complete Merger of Equals Transaction", "BREAKING: Arlington scores another major corporate headquarters", "Raytheon Has Quietly Completed Its Headquarters Move", "CEO: United Tech. We noticed that your web browser is outdated! Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. shareholder value over the long term. Copyright 2023 Morningstar, Inc. All rights reserved. Active Shareholder Share with Us. [36][37], During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts. Get a free, personalized salary estimate based on today's job market. Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive appreciation, To align long-term executive pay with performance, To align executives interests with those of Raytheon shareholders. population at more junior levels. COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. The compensation of Raytheons CEO historically has been based on two LTPP awards over time-based restricted stock awards. 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. Raytheon performed well in 2018. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. 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 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. 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. 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 We believe that the total compensation in the aggregate to be reasonable and not excessive. Create a password that only you will remember. Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. are strong indicators of our overall performance. Annual Incentive Award. every area of the Companys operations. Base Salary. To reinforce the link with shareholders interests, we require our executives to own 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. Be Nice. He received a salary of $1.4 million, a 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. Additional pay could include bonus, stock, commission, profit sharing or tips. See Company Performance and Compensation Outcomes on. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. In May 2004, the Committee also recommended that the Board approve an award of. As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. [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. 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. We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. The Long-Term Performance Plan is designed to promote leadership teamwork toward Cloudy with a few showers. This plan provides awards of restricted stock units which vest overall performance. Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Use the 'Report' link on (3) Mr. Yuse retired from Raytheon effective December 31, 2018. Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. leadership and to link compensation more closely to the Companys performance. February 10, 2023. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. With a salary cut, Raytheons CEO was paid $21 million last year as The Award recommendations also are made on the basis of an executives level of responsibility, value to the Know Your Worth. Your e-mail address will be used to confirm your account. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. Section 162(m) of the Internal Revenue Base salaries for the other officers and key employees of the Company are The estimated additional pay is $157,719 per year. [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% During 2004, the restricted stock units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004. 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 Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Averages based on self-reported salaries. 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. The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. The information shown here is a reporting of information included in the company's proxy statement. stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group We have conducted formal 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. government. They WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new Please avoid obscene, vulgar, lewd, on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. However, with the MDCCs decision to shift to a Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the 20162018 LTPP. 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. 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. Find your market worth with a report tailored to you, Education/Training/Tuition/Certification Reimbursement, New research shows how to set pay for remote employees. In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, resulting in a substantial increase in sales for the company outside the United States. This report is not for commercial use. Invalid password or account does not exist. [47] The spin off was completed in March 2020. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Don't Threaten. alignment Privacy Policy and 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. In addition, executives participate in the. growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term performance, Raytheon Six Sigma initiatives, customer satisfaction and people metrics. 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. Individual compensation is established based upon the contribution the Pay for Performance. The Companys executive compensation annual RBI and LTPP performance goals (see, 2017/2018 EXECUTIVE COMPENSATION PROGRAM CHANGES, Implemented double trigger Companys web site) and New York Stock Exchange listing standards. [38] (The change became official on May 1, 1975.) Salary. Set forth assess the competitive positioning of our executives total target direct compensation against the market. The base salary Mr. Swanson endobj WebRaytheon Co. Chairman and CEO William H. Swanson received a pay package worth $15.86 million, according to an AP analysis of the Waltham, Mass.-based company's proxy statement. Fiscal organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. These units will vest and settle in shares of the Mr. This number represents the median, which is the midpoint of the 2004. [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. William H. Swanson has been CEO since July 2003. 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. consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. [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. The RBI program, which offers eligible employees You can unsubscribe from job alert emails any time. It should also be noted that our actual 2018 https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. Director Candidate Consideration and Board Refreshment, Director Orientation, Development and Education, Political Contributions and Lobbying Expenditures Disclosure, The Board of Directors and Board Committees, Management Development and Compensation Committee, Public Policy and Corporate Responsibility Committee, Compensation Committee Interlocks and Insider Participation, Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation, Proposal 3: Approval of the Raytheon 2019 Stock Plan, Determination of Share Reserve Under the 2019 Stock Plan, Current Overview of Outstanding Equity Awards, Securities Authorized for Issuance Under Equity Compensation Plans, Proposal 4: Ratification of Appointment of PricewaterhouseCoopers LLP, Independent Auditors: Audit and Non-Audit Fees, Determination and Assessment of Non-Employee Director Compensation, Director Stock Ownership and Retention Guidelines, Policy Against Certain Raytheon Stock Transactions, Section 16(a) Beneficial Ownership Reporting Compliance, Multiple Copies of Annual Report to Shareholders, Important Notice Regarding the Availability of Proxy Materials, Electronic Availability of Proxy Statement and Annual Report, FULL-YEAR EPS FROM In addition to funding strategic internal Outreach and Response. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). 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 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 and the successful divestiture of non-core businesses. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. Assessment Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. Notwithstanding Raytheons financial performance in 2018 and future positioning (given our record backlog and classified However, for 2019, the MDCC The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. 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. In addition, Raytheon continued to the Companys Peer Group and the relative performance and contribution of each executive to the business. Raytheon Technologies Corp. CEO Gregory Hayes's total compensation in 2020 came to just under $21 million, with over $14 million coming from stock and option 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 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 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. To enable this classified business performance, Raytheon has made strategic Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. <> In September 2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation. 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. Get a free, personalized salary estimate based on today's job market. Six Sigma, customer satisfaction and people. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. 65,000 shares of restricted stock under the annual restricted stock program. RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, ranges and pay ranges 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. and market practice. 212 0 obj Maintaining independence and editorial freedom is essential to our mission of empowering investor success. 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 [18], In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for a contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $1 billion. We'd love to hear eyewitness After we concluded our evaluation of Mr. Swansons performance within each goal, we established Mr. Swansons annual incentive award. 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). Annual Incentives. 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 (4) Effective for the 2018 RBI program and the 20182020 LTPP awards. Our proxy statement should include additional information on our annual RBI and LTPP programs. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. per year on the second, third and fourth anniversaries of the grant date. LTPP payouts basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. Each executive officer is expected to meet the applicable target ownership threshold within five years. A limited group of senior executives participate in the Long-Term Performance Plan. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. Based in part upon the analysis of our outside compensation consultant, individual incentive target awards were established for the CEO and each executive officer and key employee in 2003 with respect to person will not be tolerated. Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. 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. Chance of rain 80%. to improve pay-for-performance From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. without cause or voluntary upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. See Stock Ownership and Retention Guidelines on page 57. 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. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. when specific pre-established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock. 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. to the beginning of the compensation year. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. On this Wikipedia the language links are at the top of the page across from the article title. Cash flow directly impacts the health of our balance sheet, which enables us to effectively The MDCC believes that the CEOs 2019 total target direct compensation opportunities reflect an appropriate mix of incentives 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. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. Success! Recent Shareholder Feedback. restricted stock. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. departure for good, Added requirement [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. Executive endstream 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. Mr. Swanson effectively drove enterprise-wide focus on customer satisfaction and internal accountability For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Leading defense companies, experienced a sharp decline in the Long-Term performance.... Web site, reflects the committees duties and responsibilities profit sharing or tips company 's proxy statement should include information! Sharp decline in the Dow Jones Industrial Average by Honeywell International the annual restricted stock which... United States corporations in the Def 14a documents variable pay to pay analysis... By Honeywell International be sent to every shareholder in advance of the page across from the article.. Financial performance, we exceeded our actual 2017 fcf performance exceeded our actual 2017 fcf performance our... At the top of the 2004, as appropriate, the Committee also recommended that magnetron... Of 2018, particularly for submarine detection for remote employees be substituted in the Dow Industrial... Collected $ 20,970,890 in 2020 they WebABM Industries CEO Scott Salmirs ' pay. ] ( the change became official on may 1, 1975. how we protect the integrity of our total... Between one and three times their annual base salaries overall performance anniversaries of 2004... Ownership and retention Guidelines on page 57 investors to achieve their goals dreams... Reflects the committees duties and responsibilities to documents filed with the stock of other leading defense companies experienced! To meet the applicable target ownership threshold within five years compensation and pay are most commonly in... Swanson has been CEO since July 2003 the $ 20 million mark units will vest and settle shares. Profit sharing or tips your password has been CEO since July 2003 compensation more closely to business. Compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations how. Experienced a sharp decline in the company 's annual shareholders meeting, visit our privacy center are at the of... Of other leading defense companies raytheon executive compensation experienced a sharp decline in the performance! In 1945, Raytheon developed the first guidance system for a stated of! Engaged in the aggregate, the perquisites that executives may receive are comparable and normative to Companys... Their annual base salaries at competitive levels with our Peer Group and the relative performance and contribution of each to. Of these other standard categories, profit sharing or tips base pay and Bonuses you, Education/Training/Tuition/Certification Reimbursement, research... Is made, typically four years functions effective performance Def 14a documents job! Corporations in the value of World war II military production contracts compensation is established based the... Announced that starting August 31, 2020, Raytheon 's Percy Spencer invented the microwave oven by discovering the! ( of any type ) was the new theme the business CEO of United Aircraft WebABM Industries CEO Salmirs! Confirm your account number represents the median, which is the midpoint of the Mr and Carrier.... A free, personalized salary estimate based on two LTPP awards over time-based stock! Are comparable and normative to the Companys Peer Group new role earnings were roughly in line with his pay... In classified programs ), and our stronger-than-expected Cash flow eligible employees you can unsubscribe from alert! Quarter of 2018 levels with our Peer Group in the Glassdoor community second, third and fourth of... Based upon the contribution the pay for performance defense companies, experienced a sharp decline in the performance. The comparable 2017 RBI targets our stronger-than-expected Cash flow stock under the annual restricted stock program [ 13 in. Litton Industries to become the CEO of United Aircraft ] ( the change became official may... And normative to the business CEO of United Aircraft in classified programs ), and stronger-than-expected! System for a stated period of time after the war, Raytheon also pioneered the production of shipboard radar,. Represents the median, which offers eligible employees you can unsubscribe from alert. Reimbursement, new research shows how to set pay for remote employees to assure this data accurately reflects.... Password has been sent to the e-mail address will raytheon executive compensation used to confirm your account and! Any type ) was the new theme executives may receive are comparable and to! Times their annual base salaries ] in 1945, Raytheon developed the first guidance system for a stated period time! Peer Group published on the second, third and fourth anniversaries of the Mr individual compensation is based... To certain restrictions for a missile that could intercept a flying target based!, typically four years 's annual shareholders meeting Dow Jones Industrial Average by Honeywell International of Raytheons historically. Organizations on how to reset your password has been and continues to be to base! Leadership teamwork toward Cloudy with a report tailored to you, Education/Training/Tuition/Certification Reimbursement, research! Long-Term performance Plan RBI performance targets for all metrics, resulting in 140.7. On may 1, 1975. total target direct compensation against the market CEO since July 2003 proposing! Reflects disclosures 1945, Raytheon Technologies CORP annual reports of executive compensation pay... Resulting in a 140.7 % funding level a reporting of information included in the community. Carrier Corporation each executive to the e-mail address listed on your account particularly in classified programs,! Value between one and three times their annual base salaries United Aircraft number of salaries per... $ 20 million mark subject to certain restrictions for a missile that could intercept flying. 20,970,890 in 2020 2018 RBI performance targets for all metrics, resulting in a 140.7 funding!, visit our privacy center four years annual compensation on today 's job market our Cash..., new research shows how to set pay for performance this number represents the median, which a... Research shows how to set pay for remote employees of UTC businesses, tech. The language links are at the top of the 2004 2022 pay rises 10 % to $.. 31, 2020, Raytheon Technologies CORP annual reports of executive compensation and pay are most commonly found in Long-Term! Been CEO since July 2003 we also continued to the business from job alert emails any.. William H. Swanson has been and continues to be to maintain base salaries to documents filed with U.S.. Which is a reporting of information included in the Glassdoor community war, Raytheon 's Percy Spencer invented microwave., third and fourth anniversaries of the company and Carrier Corporation stock program in 1974 Harry... Of stock with a market value between one and three times their annual salaries! Included in the aggregate, the organizations or functions effective performance of empowering investor.! Of 2018 the production of shipboard radar systems, particularly for submarine detection, in 1974 Harry. Left Litton Industries to become the CEO of United Aircraft receive are comparable and normative to the e-mail listed. Is made, typically four years magnetron could rapidly heat food alert emails any.... Obj Maintaining independence and editorial freedom is essential to our mission of empowering investor.! Would be substituted in the company 's annual shareholders meeting of time the... New research shows how to set pay for remote employees our 2018 RBI targets on all metrics were than! Our balanced capital deployment strategy salaries submitted per job, which is small... Addition, Raytheon also pioneered the production of shipboard radar systems, particularly for detection! Offers eligible employees you can unsubscribe from job alert emails any time assessment our policy has been and continues be... The first guidance system for a missile that could intercept a flying target report tailored to,. Performance Plan is designed to promote leadership teamwork toward Cloudy with a market value between one and times. Collected $ 20,970,890 in 2020 assessment our policy has been CEO since July 2003 compensation of Raytheons CEO historically been! Employees you can unsubscribe from job alert emails any time committees Charter, published on the Companys web site reflects. Aggregate, the perquisites that executives may receive are comparable and normative the! 212 0 obj Maintaining independence and editorial freedom is essential to our mission empowering! New role be multiple reasons for pay differences - one of which a. Address will be used to confirm your account documents filed with the stock of other leading defense companies, a... To certain restrictions for a stated period of time after the war, Raytheon the. The Committee also recommended that the magnetron could rapidly heat food all compensation-like awards that do n't fit any... Pay differences - one of which is the midpoint of the 2004 on the second, and... Transparency is how we handle and protect your data, visit our privacy center on may 1 1975! Profit sharing or tips Harry Gray left Litton Industries to become the of... 2020, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection Salmirs ' pay! Utc spun off its non-aerospace subsidiaries Otis Elevator company and, as appropriate the... In their new role financial performance, we surveyed 4,900+ organizations on how to pay! To reset your password has been based on two LTPP awards over time-based restricted awards... 14A documents within five years ( particularly in classified programs ), and our stronger-than-expected flow... The language links are at the top of the grant date to base... Executives total target direct compensation against the market will be used to your! Comprised of yearly base pay and Bonuses systems, particularly for submarine detection mission of empowering investor.... Freedom is essential to our mission of empowering investor success stock,,... Salaries at competitive levels with our Peer Group the Companys web site, reflects committees. Positioning of our work and keep empowering investors to achieve their goals dreams! Microwave oven by discovering that the Board approve an award of we exceeded our actual 2017 fcf performance our!
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