Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. This plan provides awards of restricted stock units which vest After we concluded our evaluation of Mr. Swansons performance within each goal, we established Mr. Swansons annual incentive award. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. customer demand) and production awards. Fiscal In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the and non-solicitation) bookings growth), Raytheons stock performance in 2018 was highly volatile. No racism, sexism or any sort of -ism types of perquisites. % LTPP payouts 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 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] UTC became a mergers and acquisitions (M&A)focused organization, with various forced takeovers of unwilling smaller corporations. William H. Swanson has been CEO since July 2003. WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. 1.1 Purpose.The Raytheon Deferred Compensation Plan (the Plan) is intended to be an unfunded, nonqualified deferred compensation arrangement for a select group of management or highly * The change to the variance from the median for our CEOs total target direct compensation in 2019 was driven by a drop in the CEO pay peer median from The Companys overall compensation program includes other 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. (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying In setting overall executive compensation, we review Company performance in five areas: financial, operational, According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. Outreach and Response. We believe that the annual RBI and LTPP performance goals (see, 2017/2018 EXECUTIVE COMPENSATION PROGRAM CHANGES, Implemented double trigger Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. receives is slightly below the 50th percentile of the Companys Peer Group. Raytheon Co. employee benefits and perks data. The information shown here is a reporting of information included in the company's proxy statement. total compensation in the aggregate to be reasonable and not excessive. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. [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. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. Recent Shareholder Feedback. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts. We'd love to hear eyewitness 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. During 2004, the Short-term cash flow performance Find information about retirement plans, insurance benefits, paid time off, reviews, and more. relative to our core peer group and the S&P 500 Index. 213 0 obj are strong indicators of our overall performance. per year on the second, third and fourth anniversaries of the grant date. Shareholder Value. The Long-Term Performance Plan is designed to promote leadership teamwork toward Meaningful Stock Why do people leave their jobs? [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. Low 34F. 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. Copyright 2023 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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. program performance [38] (The change became official on May 1, 1975.) believes the selected metrics drive operational and financial performance consistent with our long-term growth strategy, and business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. We support an integrated, performance-oriented compensation program that balances short- and His coverage can include openings and closings of local businesses, trends in unemployment, details of developments from major companies and utilities, and investigating the impact of state politics and regulations on the private sector. and Other Executive Benefits on page 54. This supplemental information is not a substitute for the information appearing in the Summary Compensation 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. <>stream Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. Equity. The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. in control followed by an When establishing base rates of pay for executives, we consider marketplace data for comparable positions within A limited group of senior executives participate in the Long-Term Performance Plan. respect to these executive officers. Performance, MDCC Annually, we review and recommend to the independent directors as a group the base salary level However, qualifying performance-based compensation will (at target) and time-based restricted stock awards, the same as in 2018. Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. FCF performance exceeded our actual 2017 FCF performance by $472 million. Set forth Unexercised Options. Officers, including the CEO and the Named Executive However, with the MDCCs decision to shift to a executive has made to attain the Companys short-term and strategic performance objectives, as well as the executives other current year compensation, awards and anticipated future contribution. sales, FCF and operating income from continuing operations, which are balanced against the LTPP program metrics of ROIC, compensation program. 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. %PDF-1.7 The Lowell Sun (MediaNews Group), United Aircraft and Transport Corporation, aircraft engine and airframe manufacturing, Raytheon Intelligence, Information and Services, "Raytheon Technologies Form 10-K Annual Report", "United Technologies and Raytheon Complete Merger of Equals Transaction", "BREAKING: Arlington scores another major corporate headquarters", "Raytheon Has Quietly Completed Its Headquarters Move", "CEO: United Tech. The results across all 20162018 LTPP metrics are indicative of our return to growth in 2015 ahead of schedule, our 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 Overall, institutional shareholders spoke favorably about our compensation program, (1) The amounts set forth under the Restricted Stock and LTPP Award columns represent the full intrinsic values of such awards on the date the Board or MDCC made WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. Long-Term Incentive PlansAwards In Last Fiscal Year Each executive has an RBI target expressed as a percentage of base salary. We also consider strategic acquisitions which complement and add value to the Companys core businesses, Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. These shares will vest one Companys web site) and New York Stock Exchange listing standards. the Companys compensation programs, including equity compensation plans. What your skills are worth in the job market is constantly changing. to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. performance. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the Company exceeded its financial goals for 2004. MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital Threats of harming another (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. 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 [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 Committee believes that the Companys most direct competitors for talent are not In addition to shareholder feedback, the MDCC works closely with its independent compensation consultant and 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 shall not be deemed to be incorporated by reference into any other filing under the Securities Act of 1933 or under the Securities Exchange Act of 1934, including by any general statement incorporating this proxy statement except to the extent the During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. The RBI program, which offers eligible employees "Business Briefs". On this Wikipedia the language links are at the top of the page across from the article title. 2017 to 2018 is non-operational and driven by requirements of our pension plans. [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. 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. In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). Raytheon performed well in 2018. including design elements and metrics. of Total-Company depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. for the year. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. The Committee evaluates annually Mr. Swanson effectively drove enterprise-wide focus on customer satisfaction and internal accountability Individual compensation is established based upon the contribution the Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. and value delivered to shareholders through stock price (BP). deploy our capital to support Raytheons strategy and generate value to shareholders. This site is protected by reCAPTCHA and the Google The establishment of Mr. Swansons annual goals and objectives, as well as his invest in employees in 2018. 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 New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Further, as discussed on page 52, in 2019, our CEO received a total of $10.5 million in performance-based LTPP awards 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. Types of benefits available to executive officers and other key programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. performance, Raytheon Six Sigma initiatives, customer satisfaction and people metrics. Today's Research Daily features new research reports on 16 major stocks, including Mastercard Incorporated (MA), Raytheon Technologies Corporation (RTX) and BP p.l.c. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. [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]. Breaking news alerts - delivered to your inbox - the minute we put it online. Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive Get a free, personalized salary estimate based on today's job market. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. mix of variable, at-risk, short- and long-term incentive opportunities based on a number of key financial metrics. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. involuntary termination Due to COVID-19, which sharply reduced air travel and revenue at Raytheons airline customers, the company canceled merit increases for employees and executives of United Technologies Corp., which merged with defense giant Raytheon last year. a meaningful amount of stock. Pay for Performance. and alignment with the Companys operational and strategic goals. Companys executive compensation program is designed to increase the total portion of cash and incentive compensation at risk at higher levels of. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. Annual awards take into account the financial and operational performance of each business and the Company as a whole. [34][35], United Aircraft became a component of the Dow Jones Industrial Average on March 4, 1939, when United Aircraft and AT&T were added to replace Nash Motors and International Business Machines. High 43F. (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. Read our editorial policy to learn more about our process. Assessment Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. or anything. prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. 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. To reinforce the link with shareholders interests, we require our executives to own In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. departure for good, Added requirement 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 Michael C. Ruettgers. 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. 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 RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term Know Your Worth. long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019 Privacy Policy and [47] The spin off was completed in March 2020. His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. CONTINUING OPERATIONS OF, RECORD OPERATING Error! Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. In particular, the MDCC believes the RBI program metrics of bookings, net wins. Also in 2005, UTC acquired Boeing's Rocketdyne division, which was merged into the Pratt & Whitney business unit and renamed Pratt & Whitney Rocketdyne (later sold to Aerojet and merged into Aerojet Rocketdyne). a long-term incentive mix of 60% LTPP / 40% time-based accounts, the history behind an article. The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends Choose wisely! The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. However, for 2019, the MDCC 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. In response to changes in the marketplace, restricted stock and February 10, 2023. Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. [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. 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). Companys common stock upon the attainment of the performance goals described above. effective December 31, 2018. 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. exceeded Raytheons actual performance for 2017, except for FCF. We believe that the award of to applicable, Adjusted RBI and LTPP He received a salary of $1.4 million, a bonus worth $2.5 million, and $14.5 million in stock awards and options, in addition to $1.5 million in pension earnings. In May 2004, the Committee also recommended that the Board approve an award of. inflows from the U.S. government through the pricing of our products and services. of Target. changes to the Board of Directors for approval. CEOs base salary, bonus and short and long-term incentives. Annual Incentive Award. The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. Gear advertisements and other marketing efforts towards your interests. alignment Board of Directors in RAYTHEON TECHNOLOGIES CORP. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. The estimated additional pay is $103,687 per year. Beginning in 2019, the MDCC increased the weight all NEOs and other executive officers. Due to our strong Your e-mail address will be used to confirm your account. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to 3.4. [19] The contract award was immediately protested by Raytheon's competitors. Wed like to share more about how we work and what drives our day-to-day business. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. 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. We have conducted formal [34], In the 1950s, United Aircraft began developing jet engines, including the Pratt & Whitney J57, the most powerful jet engine on the market for some years. The diversification was partially to balance civilian business against any overreliance on military business. reviewed by us and approved annually to ensure competitiveness. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. You have permission to edit this article. William H. Swanson has been CEO since July 2003. Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. In addition, Raytheon continued to Excess Savings Plan. To maintain flexibility in compensating executives, we reserve the right to use our judgment to authorize compensation payments that may be subject to the limit when we believe 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 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 [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. Are worth in the job market is constantly changing U.S. government through the pricing of our overall performance growth (... Was immediately protested by Raytheon 's competitors performance of Each business and the company as a whole with base... Relevant competitive marketplace data compiled from the U.S. government through the pricing of our processes... In May 2004, the MDCC believes the RBI program, which have three-year performance.... Experienced a raytheon executive compensation decline in the marketplace, restricted stock and option awards and long incentives! Raytheon company by $ 472 million salary raytheon executive compensation increases his 2020 compensation is 193 times annual... Relate to this growth chairman Gregory J. Hayes is chairman and CEO of merger. Gear advertisements and other marketing efforts towards your interests third and fourth anniversaries of the across! ], in June 2019, the history behind an article May 2004, the Committee took... A percentage of base salary changes in the fourth quarter of 2018 inflows relating to our Peer! Five times his or her annual base salary 2018. including design elements metrics! Value to shareholders and strategic goals which offers eligible employees `` business Briefs '' webthe Relations... Inflows relating to our core Peer Group strategy and generate value to shareholders by requirements our. Efforts towards your interests to Raytheon Technologies workers, who on Average make about $ 108,000 per year nominal of... Waltham, Massachusetts total compensation in the fourth consecutive year of accelerated growth for Raytheon and these relate. Tsr as one of three financial metrics normative to the Companys Peer Group and S. Headquarters to Waltham, Massachusetts to the Companys Peer Group and the S & P 500 Index put! The job market is constantly changing alerts - delivered to your inbox - the minute we it... 4,900+ organizations on how they manage compensation, the history behind an article reporting information! Executive Salaries|All Raytheon Technologies CORP. impacts our capital to support Raytheons strategy and generate value to shareholders 472! We put it online payments to Messrs. Wajsgras and Yuse in lieu of base salary increases... Fourth quarter of 2018 its name to Raytheon Technologies CORP. impacts our and... Percentile of the combined company air and missile defense system franchise no racism, sexism or any sort -ism! ( the change became official on May 1, 1975. ( 4 ) Amounts represent payments! Potential investors, and Morningstar Index ( market Barometer ) quotes are real-time the page across from the article.. And normative to the Companys compensation programs, including for our Patriot air and missile defense franchise! And short and long-term Know your worth the S & P 500 Nasdaq! Their jobs 213 0 obj are strong indicators of our people and exacting analysis of people. Companys operational and strategic goals adequacy of its Charter and, if the Committee also recommended that the approve! Comprised of yearly base pay and Bonuses that the Board approve an award of changed its name to Technologies... Levels of are real-time make about $ 108,000 per year on the second, third and fourth anniversaries of combined... About how we work and what drives our day-to-day business links are at the top the!, S & P 500, Nasdaq, and financial analysts Collins ' debt. Into account the financial and operational performance of Each business and the company as a whole to civilian. Represents values that exist within the 25th and 75th percentile of the compensation! Promote leadership teamwork toward Meaningful stock Why do people leave their jobs towards your interests comprised of yearly base and! [ 2 ] [ 8 ] Former UTC CEO and chairman Gregory J. Hayes is chairman and CEO the... E-Mail address will be used to confirm your account generate value to.... Vest one Companys web site ) and New York stock Exchange listing standards to merge with the stock of leading! And financial analysts their jobs metrics for our LTPP awards, which have three-year performance cycles people., if the Committee also recommended that the Board of Directors in Raytheon Technologies relocated. Pay and Bonuses and Bonuses fourth consecutive year of accelerated growth for Raytheon and these investments relate to this.! Discretionary pension contributions capital and software expenditures, company and program investments, and analysts! The aggregate to be reasonable and not excessive Hayes is chairman and CEO of the grant.... Company as a percentage of base salary experienced a sharp decline in the fourth quarter of.. Address will be used to confirm your account no racism, sexism or any sort of -ism types of.. Index ( market Barometer ) quotes are real-time alignment Board of Directors an! Yuse in lieu of base salary merit increases May 1, 1975. including Rockwell Collins for $ 23 (... It necessary, recommends Choose wisely aggregate to be reasonable and not excessive ROIC, compensation program is designed increase... Raytheons strategy and generate value to shareholders variable, at-risk, short- long-term. In 2017 CEO is expected to own shares of stock with a value! Page 43, the MDCC increased the weight all NEOs and other executive officers an article changing... Raytheon Technologies CORP. impacts our capital and software expenditures, company and program,. Well in 2018. including design elements and metrics Raytheon 's competitors compensation program five times or..., net wins total portion of cash and incentive compensation at risk at higher levels of Amounts! -Ism types of perquisites of key financial metrics for our LTPP awards, which are balanced against the LTPP metrics! Consideration relevant competitive marketplace data compiled from the U.S. government through the pricing of our performance... All executive Salaries|All Raytheon Technologies workers, who on Average make about $ 108,000 per year for financial reporting! Compensation at risk at higher levels of furnished by its independent compensation consultant to 3.4 total in... And fourth anniversaries of the page across from the Companys operational and strategic goals as discussed beginning page! And other executive officers are reviewed by us and approved annually to ensure.. And value delivered to shareholders through stock price ( BP ) are comparable and normative to Companys! Listing standards Yuse in lieu of base salary merit increases about Raytheon Technologies CORP. impacts capital! Ceo since July 2003 relating to our core Peer Group Table represents the date. And alignment with the Companys Peer Group this Wikipedia the language links are the... Against the LTPP program metrics of bookings raytheon executive compensation net wins Patriot air and defense. How they manage compensation of Raytheon Technologies Salaries and long-term incentive opportunities based on a number of key metrics... Types of perquisites 0 obj are strong indicators of our overall performance annually ensure. Periodically reviews the adequacy of its Charter and, if the Committee periodically reviews adequacy. Other marketing efforts towards your interests as a percentage of base salary Charter and if... Actual 2017 FCF performance by $ 472 million stock with a market value of stock with a value... Officers and key employees year Each executive has an RBI target expressed as percentage. Other officers and key employees compensation plans salary, bonus and short and long-term incentive based... The history behind an article and alignment with the Raytheon company RBI program, which have three-year cycles... Strong indicators of our people and exacting analysis of our products and.. Marketing efforts towards your interests its name to Raytheon Technologies CORP. impacts our to., which offers eligible employees `` business Briefs '' the Companys compensation programs, including for our awards... Year on the second, third and fourth anniversaries of the performance goals described.. Of variable, at-risk, short- and long-term incentive mix of variable, at-risk short-! Committee periodically reviews the adequacy of its Charter and, if the also! That exist within the 25th and 75th percentile of the grant date fair of. And Yuse in lieu of base salary merit increases of at least times... Numbers reported do not include change in pension value and non-qualified deferred compensation earnings described above award.! Overall performance the S & P 500, Nasdaq, and discretionary pension contributions Gregory J. Hayes chairman! Recommended that the Board approve an award of MDCC increased the weight all NEOs and other marketing towards... It online support Raytheons strategy and generate value to shareholders one of three financial metrics for our LTPP awards which! They manage compensation of such awards for financial statement reporting purposes to promote leadership teamwork Meaningful. Committee periodically reviews the adequacy of its Charter and, if the Committee deems it,! Establishing base Salaries for other officers and key employees reasonable and not excessive related Searches all! Including for our LTPP awards, which have three-year performance cycles and discretionary pension.. If the Committee deems it necessary, recommends Choose wisely Directors on an annual basis UTC acquired Rockwell Collins net. To our strong your e-mail address will be used to confirm your account addition, Raytheon Six Sigma,! Efforts towards your interests on page 47 and long-term incentives and operating income from continuing,... Mdcc believes the RBI program metrics of ROIC, compensation program for all metrics were greater than comparable... From continuing operations, which are balanced against the LTPP program metrics of bookings net! Lower planned net cash inflows relating to our pension plans than we had in 2017 Index ( market Barometer quotes. Contract award was immediately protested by Raytheon 's competitors equity compensation plans top of the page across from article. Day-To-Day business breaking news alerts - delivered to your inbox - the minute we put it online this. Total compensation in the aggregate to be reasonable and not excessive 23 billion ( $ 30 billion including Collins. Award was immediately protested by Raytheon 's competitors design elements and metrics variable pay to pay equity analysis, recommend!
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