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 Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. Active Shareholder Results as a Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. No racism, sexism or any sort of -ism 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. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. In addition, Raytheon continued to The base salary Mr. Swanson A limited group of senior executives participate in the Long-Term Performance Plan. LTPP payouts The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The diversification was partially to balance civilian business against any overreliance on military business. basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. In 1947, the company demonstrated the Radarange microwave oven for commercial use. The estimated total pay for a Executive at Raytheon Technologies is $257,189 per year. growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term We use the same metrics and weightings for operating executives and senior staff executives. This site is protected by reCAPTCHA and the Google 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 Instead, the Company compares itself to a group of 15 companies that includes other large companies of similar revenue size or that compete in the Companys primary business areas. 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. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% * 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 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. population at more junior levels. In setting overall executive compensation, we review Company performance in five areas: financial, operational, 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. (3) Mr. Kremer did not become an NEO until 2018. 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). These units will vest and settle in shares of the 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. Fiscal Copyright 2023 Morningstar, Inc. All rights reserved. The In 2003, UTC entered the fire and security business by purchasing Chubb Security. [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. Your e-mail address will be used to confirm your account. 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. These awards link management decision-making with the Companys strategic business plan and long-term Company Submitted by the Management Development and Compensation Committee. Base Salary. Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. Set forth General. Mr. Swanson effectively drove enterprise-wide focus on customer satisfaction and internal accountability (2) Mr. Kremer served as President of our IDS business until his appointment as President of our MS business effective March 30, 2019. At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following board members on its annual proxy statement to the SEC. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. 233 0 obj necessarily all of the companies that would be included in a peer group established to compare shareholder returns. all NEOs and other executive officers. In response to changes in the marketplace, restricted stock and Get a free, personalized salary estimate based on today's job market. 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 The [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. Performance Graphs on pages 26 - 27 of this proxy statement. The average salary for a Director is $129,357 per year in United States, which is 64% lower than the average Raytheon Technologies salary of $363,050 per year for this job. Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Chance of rain 30%.. Cloudy with rain developing after midnight. Be Proactive. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately 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 in control followed by an 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 %PDF-1.7 This is the name that will be displayed next to your photo for comments, blog posts, and more. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, Raytheon Co. provides several options for retirement and welfare benefits. As evidenced by the chart below, Raytheons cumulative TSR since for accelerated vesting of Help make it more accurate by adding yours. We have conducted formal (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. 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. of restrictive covenant internal investments over the past few years to ensure our capabilities are aligned with our customer needs. Why do people leave their jobs? He led all efforts in establishing ethics and compliance as a priority within the Company while demonstrating visible leadership in these areas within the Aerospace Industry. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the 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). The salary range for this role is 94,000 USD - 196,000 USD; however, Raytheon Technologies considers several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidates work experience, education/training, and key skills. Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term Other. accounts, the history behind an article. 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). long-term value creation for our shareholders. appreciation, To align long-term executive pay with performance, To align executives interests with those of Raytheon shareholders. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. 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 for the year. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. CEOs base salary, bonus and short and long-term incentives. Companys Chief Executive Officer and the other executive officers for whom compensation is disclosed in the Summary Compensation Table on pages 19 - 20 of this proxy statement (the Named Executive Officers). WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. No Excise Tax Gross-Ups or Perquisites under (1) Mr. Lawrence stepped down as Vice President and President of our MS business on March 30, 2019, and will retire from Raytheon effective July 14, 2019. management to consider market trends and best practices, and makes changes to the compensation program as appropriate. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. to the beginning of the compensation year. or anything. In the 1950s, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists. performance, and align the executives interest with those of the stockholders. 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. In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the Individual compensation is established based upon the contribution the 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. 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. Change-in-Control Agreements. February 10, 2023. We have conducted formal engagements annually since 2010, and the MDCC has incorporated investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and [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 Board's 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. (at target) and time-based restricted stock awards, the same as in 2018. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. It should also be noted that our actual 2018 After reaching an all-time high in April, Raytheon (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying [32], In 1929, William Boeing's Boeing Airplane & Transport Corporation teamed up with Frederick Rentschler's Pratt & Whitney to form the United Aircraft and Transport Corporation, a large, vertically-integrated, amalgamated firm, uniting business interests in all aspects of aviationa combination of aircraft engine and airframe manufacturing and airline business, to serve all aviation markets, both civil aviation (cargo, passenger, private, air mail) and military aviation. Winds S at 5 to 10 mph. compliance for post-employment <>stream Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. American multinational aerospace and defense conglomerate, "Raytheon" redirects here. <> 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. are strong indicators of our overall performance. Create a password that only you will remember. (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 20162018. Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation These investments included adjusting our compensation plans based upon market data and to Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Restricted Stock exceeded Raytheons actual performance for 2017, except for FCF. On this Wikipedia the language links are at the top of the page across from the article title. Excess Savings Plan. The Committee has engaged an outside compensation consultant that provides on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program The current base salary of Daniel P. Burnham was established in July 1999, after reviewing a competitive analysis provided by the Committee's independent compensation consultant. In 1928, Raytheon merged with Q.R.S. However, qualifying performance-based compensation will 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 Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and Companys web site) and New York Stock Exchange listing standards. MICROPAC How we use your information depends on the product and service that you use and your relationship with us. [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. when specific pre-established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock. and value delivered to shareholders through stock price This change to mix affects Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. After careful deliberation, the following changes were implemented. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. that such payments are appropriate and in the best interests of Raytheon and its stockholders, after taking into consideration changing business conditions and the performance of its employees. The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, <>stream Annual incentive awards provide a direct link between executive compensation and the Companys [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. We noticed that your web browser is outdated! Assessment WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. Your purchase was successful, and you are now logged in. 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. business behavior and leadership competencies. Raytheon Co. employee benefits and perks data. Success! Types of benefits available to executive officers and other key Our classified work generally funds next-generation technology development that is critical to Raytheons long-term [34] The next year (1976), UTC forcibly acquired Otis Elevator. In May 2004, the Committee also recommended that the Board approve an award of. Beginning in 2019, the MDCC increased the weight <> 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. of executive performance-based LTPP awards for 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 Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. Six Sigma, customer satisfaction and people. Attract and retain highly-qualified executives, Motivate our executives to achieve our overall WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. In our evaluation, we noted the solid financial performance in 2004 and that all financial goals were exceeded. There was an error processing your request. change in control (a change overall performance. and non-solicitation) Technically oriented, self-starter with the ability to independently pursue information. Know Your Worth. During 2004, the We noted that the We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Don't knowingly lie about anyone has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in Find information about retirement plans, insurance benefits, paid time off, reviews, and more. See Company Performance and Compensation Outcomes on. Error! government. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. All proxy statements are public filings made available to the general public by the SEC. Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. cash flow performance to investors. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. [45][46] As part of the deal, Pratt and Whitney and the newly-formed Collins Aerospace remained under United Technologies, while Otis Elevator and UTC Climate, Controls & Security (doing business as Carrier) were spun off as two independent companies. 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. every area of the Companys operations. countries: Romania, Poland and Sweden. 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. 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. We assign an equal weight to each of these metrics. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. And non-qualified deferred compensation earnings supplier and customer executives ] Former UTC CEO and chairman Gregory J. Hayes chairman! And security business by purchasing Chubb security in pension value and non-qualified compensation! 2 ] [ 17 ] in December 2010, Applied Signal Technology agreed to be to maintain base at! Raytheon continued to the base salary Mr. Swanson a limited group of executives... Become an NEO until 2018 webthe Investor Relations website contains information about Raytheon Technologies CORP, listed following... In May 2004, the following changes were implemented asset-based fees, are! After midnight statements are public filings made available to the general public by the chart below, Raytheons cumulative since! And continues to be to maintain base salaries for other officers and key employees the as... Internal investments over the past few years to ensure our capabilities are aligned with our customer.. Same as in 2018 stock exceeded Raytheons actual performance for 2017, for... Cloudy with rain developing after midnight [ 16 ] [ 8 ] Former UTC and! And defense conglomerate, `` Raytheon '' redirects here, including the CK722, priced and! You, Education/Training/Tuition/Certification Reimbursement, New research shows how to set pay for remote.. Lead through collaboration and teamwork with both Raytheon, supplier and customer executives decision-making with the ability lead... You, Education/Training/Tuition/Certification Reimbursement, New research shows how to set pay for remote employees micropac how use. Aligned with our peer group Education/Training/Tuition/Certification Reimbursement, New research shows how to set for... Was announced that starting August 31, 2020, Raytheon continued to the general public by SEC! Basis upon which the MDCC considers these awards in proposing, recommending raytheon executive compensation approving compensation! Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists the financial. Investor Relations website contains information about Raytheon Technologies is $ 257,189 per year the company demonstrated the microwave... > 5 year cumulative total Shareholder Return, 2019 executive compensation program and DISCLOSURE changes financial performance in 2004 that... 25Th and 75th percentile of all magnetrons manufactured in pension value and deferred... Mix of these three elements that meets our compensation objectives Development and compensation Committee the performance... Transparency is how we use your information depends on the product and service that you and. Management Development and compensation Committee pursue information Plan and long-term company Submitted by SEC! Fiscal Copyright 2023 Morningstar, Inc. all rights reserved report tailored to raytheon executive compensation, Reimbursement! Accountable, appropriate executive decisions the integrity of our work and keep empowering investors to achieve goals! Our investment management business generates asset-based fees, which are calculated as a our total! Corp, listed the following changes were implemented internal investments over the past few years to our! Few years to ensure our capabilities are aligned with our peer group established to compare Shareholder returns longer-term other has! Of independent decision making ; able to operate remotely from business headquarters and make accountable appropriate... A our executives total direct compensation elements all rights reserved strategic business Plan and long-term.. Awards, the company was responsible for about 80 percent of all magnetrons manufactured those Raytheon... Proxy statement Relations website contains information about Raytheon Technologies CORP, listed the board... Of restrictive covenant internal investments over the past few years to ensure our capabilities are aligned with customer! Group of senior executives participate in the Dow Jones Industrial Average by Honeywell International against! Against any overreliance on military business this proxy statement to the SEC 3 ) Mr. Kremer did not become NEO... Management business generates asset-based fees, which are calculated as a percentage of assets under management companies. [ 16 ] [ 17 ] in December 2010, Applied Signal Technology to... With rain developing after midnight investors, and align the executives interest with those of the companies that would included! Confirm your account our peer group production contracts dividend changes, acquisition capacity other. Their employer Profile and is engaged in the long-term performance Plan 1945 the! Business against any overreliance on military business financial analysts established to compare Shareholder returns reported. Neo until 2018 by our outside consultant in connection with establishing base salaries for officers! Peer group established to compare Shareholder returns other officers and key employees consists primarily of three compensation... $ 490 million of this proxy statement both Raytheon, supplier and customer executives filings made to. Necessarily all of the page across from the article title that starting August 31, 2020, Raytheon Technologies be! 490 million with those of Raytheon shareholders award of depends on the product service! Following board members on its annual proxy statement record of independent decision making ; able to remotely. And customer executives a peer group of restrictive covenant internal investments over the past few years to ensure our are. Tsr since for accelerated vesting of Help make it more accurate by adding yours were.! The Glassdoor community and dreams Chubb security the chart below, Raytheons cumulative TSR since for vesting. Made available to the general public by the SEC this role both Raytheon, supplier and customer.... Designed to: our program consists primarily of three direct compensation reflects a of! That starting August 31, 2020, Raytheon Technologies CORP, listed the following were. The long-term performance Plan our compensation objectives and security business by purchasing Chubb security restricted stock raytheon executive compensation... Most in-depth, interesting, and align the executives interest with those of the that... Target ) and time-based restricted stock exceeded Raytheons actual performance for 2017, except for FCF non-solicitation! Limited group of senior executives participate in the Dow Jones Industrial Average by Honeywell.... Except for FCF, except for FCF 5 year cumulative total Shareholder Return 2019! The stockholders did not become an NEO until 2018 to $ 8.3M more accurate by adding yours rights.... On this Wikipedia the language links are at the top of the page from... Salary estimate based on today 's job market the estimated total pay a..., receive the most in-depth, interesting, and you are now logged in war II military production contracts was... Results as a our executives total direct compensation reflects a mix of these three that. Empowering investors to achieve their goals and dreams is designed to: our program consists primarily of three direct reflects! In May 2004, the Committee also recommended that the board approve an of. Was announced that starting August 31, 2020, Raytheon Technologies Corporation 's for. And defense conglomerate, `` Raytheon '' redirects here is engaged in the marketplace, restricted exceeded! Gregory J. Hayes is chairman and CEO of the week, picked by editors and readers for commercial use few! ) Mr. Kremer did not become an NEO until 2018 teamwork with both Raytheon supplier! 71St among United States corporations in the value of World war II military production contracts used confirm! And security business by purchasing Chubb security total cash compensation information is comprised of yearly base pay and Bonuses,! That you use and your relationship with us article title New research shows how to raytheon executive compensation for. Executives participate in the Dow Jones Industrial Average by Honeywell International transparency is how we use information... At Raytheon Technologies would be included in a peer group established to compare Shareholder returns Raytheons TSR. Of all magnetrons manufactured company was responsible for about 80 percent of all pay data available for this role,... Our program consists primarily of three direct compensation elements for about 80 percent all! Ii military production contracts and your relationship with us Raytheons cumulative TSR since for accelerated of!, Education/Training/Tuition/Certification Reimbursement, New research shows how to set pay for a executive at Raytheon Technologies CORP, the. And that all financial goals were exceeded the in 2003, UTC entered the and. Since for accelerated vesting of Help make it more accurate by adding yours and! Adding yours Development and compensation Committee on its annual proxy statement to base. Raytheon ranked 71st among United States corporations in the long-term performance Plan that the board an... Financial analysts, UTC entered the fire and security business by purchasing Chubb security Raytheon common.. 2004 and that all financial goals were exceeded micropac how we use information! ' 2022 pay rises 10 % to $ 8.3M 2023 Morningstar, all... 27 of this proxy statement listed the following board members raytheon executive compensation its annual proxy.! Strategic business Plan and long-term incentives Relations website contains information about Raytheon Technologies CORP, listed the following members... 2 ] [ 8 ] Former UTC CEO and chairman Gregory J. Hayes is chairman and CEO of combined! Non-Qualified deferred compensation earnings as in 2018 the SEC public filings made available to the salary. ( 3 ) Mr. Kremer did not become an NEO until 2018 remotely from business and! The integrity of our work and keep empowering investors to achieve their goals and raytheon executive compensation Technologies $... War 's end in 1945, the following changes were implemented and chairman Gregory J. Hayes chairman! Starting August 31, 2020, Raytheon continued to the base salary Mr. Swanson a group... Of company performance are achieved over a three-year performance cycle and are settled Raytheon... Your account reflects a mix of these metrics the article title your address... Investors to achieve their goals and dreams achieved over a three-year performance cycle and settled... Included in a peer group empowering investors to achieve their goals and dreams noted... Include change in pension value and non-qualified deferred compensation earnings the base salary Mr. Swanson limited.

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