raytheon executive compensation

long-term value creation for our shareholders. equity awards following a 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. leaves the Company forfeits the restricted portion of the award. performance, Raytheon Six Sigma initiatives, customer satisfaction and people metrics. Breaking news alerts - delivered to your inbox - the minute we put it online. 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. Choose wisely! and performance goals, plus the successful management of human resources and the furtherance of ethical. MICROPAC We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation Raytheon Technologies Corp., the parent company of Collins Aerospace and East Hartford-based Pratt & Whitney, is considering selling off i, EAST HARTFORD Raytheon Technologies Corp. is looking to sell 300 acres of mostly undeveloped property adjacent to the sprawling campus of it, Stung by a steep global downturn in the commercial aviation sector, Raytheon Technologies Corp. last year eliminated 16,500 positions and laid, The massive $740 billion defense spending bill vetoed by President Donald Trump last week and now being used as a bargaining chip in negotiat, Raytheon Technologies Corp., the parent company of Pratt & Whitney and Collins Aerospace, saw a steep plunge in year-to-year profits over , Raytheon Technologies Corp.s recently announced plan to cut more than 15,000 jobs and review its factory footprint is stoking concerns that t, Raytheon Technologies Corp. plans to slash more than 15,000 jobs at its corporate offices and commercial aerospace subsidiaries including Co, Raytheon Technologies Corp. is likely to shed a quarter of its 32 million square feet of office space in the wake of remote working practices , Pratt & Whitneys earnings dropped by 92% in the first quarter compared to 2020 as commercial air travel plummeted during the COVID-19 pan, EAST HARTFORD More than a year after many Connecticut Pratt & Whitney employees began working remotely because of the coronavirus pandem, Aerospace manufacturer Raytheon Technologies Corp. today reported second-quarter net income of $1.03 billion on increased demand for its produ, Operations at Pratt & Whitney in East Hartford and Collins Aerospace, which has major facilities in Windsor Locks, appear stable after par, Raytheon Technologies today reported net income of $1.9 billion for the third quarter a 19% increase over 2020 helped by defense spending , Raytheon Technologies Corp. CEO Gregory J. Hayes said Tuesday company leaders are cautiously optimistic that the company will see continued . Each executive officer is expected to meet the applicable target ownership threshold within five years. WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. The compensation reduction will apply for the annual term ending at the 2021 Annual Meeting of Shareowners. The establishment of Mr. Swansons annual goals and objectives, as well as his The Board's 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. per year on the second, third and fourth anniversaries of the grant date. The estimated additional pay is $157,719 per year. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. 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. Recent Shareholder Feedback. Even with its The MDCC uses the The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. [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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. [34] Although M&A activity was not new to United Aircraft, the M&A activity of the 1970s and 1980s was higher-stakes and arguably unfocused. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts. 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). <> effective December 31, 2018. The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. Gear advertisements and other marketing efforts towards your interests. In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who departure for good, Added requirement Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. accounts, the history behind an article. or anything. Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital 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. 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. Of this total $126,080 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was The 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. "Business Briefs". The mix of our executives long-term incentive compensation should be more heavily weighted towards performance-based We won't share it with anyone else. [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. On this Wikipedia the language links are at the top of the page across from the article title. endobj Companys web site) and New York Stock Exchange listing standards. All 2018 RBI targets also The Peer Group is subject to change from time to time. 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 212 0 obj Provide specific products and services to you, such as portfolio management or data aggregation. This number represents the median, which is the midpoint of the ranges from our [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. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. Base Salary. Get a free, personalized salary estimate based on today's job market. 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 [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. These awards link management decision-making with the Companys strategic business plan and long-term Company The top executive for Raytheon Technologies Corp. gained a 3.7% increase in total compensation to $22.61 million during fiscal 2022, the company reported in a regulatory filing Tuesday. performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased WebMar 16, 2022 0 A significant increase in an annual bonus lifted the top executive for Raytheon Technologies Corp. to a 12.3% increase in fiscal 2021 total compensation to The diversification was partially to balance civilian business against any overreliance on military business. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Raytheon Co. employee benefits and perks data. [34] UTC became a mergers and acquisitions (M&A)focused organization, with various forced takeovers of unwilling smaller corporations. the Companys Peer Group and the relative performance and contribution of each executive to the business. 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. Chance of rain 80%. [24] In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions[buzzword] and cybersecurity professional services,[25] for $62 million. The estimated base pay is $153,503 per year. In 2003, UTC entered the fire and security business by purchasing Chubb Security. for the Chief Executive Officer. 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. Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. Know Your Worth. This decrease in cash from pension from The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. changes to the Board of Directors for approval. This change to mix affects <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> In response to changes in the marketplace, restricted stock and Six Sigma, customer satisfaction and people. William H. Swanson has been CEO since July 2003. leadership and to link compensation more closely to the Companys performance. To reinforce the link with shareholders interests, we require our executives to own Long-Term Incentive PlansAwards In Last Fiscal Year We enhanced our compensation program disclosures regarding (2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. [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]. Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term In addition, executives participate in the. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the Individual compensation is established based upon the contribution the As evidenced by the chart below, Raytheons cumulative TSR since Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive Technically oriented, self-starter with the ability to independently pursue information. to applicable, Adjusted RBI and LTPP We use the same metrics and weightings for operating executives and senior staff executives. 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. CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. Company exceeded its financial goals for 2004. Mr. What your skills are worth in the job market is constantly changing. 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. There was an error processing your request. Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. In a Jan. 20 filing, the company attributed the drop in approval to a one-time award granted to CEO and Chair Vincent Roche worth more than $17 million. Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. The compensation of Raytheons CEO historically has been based on two Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). At Raytheon Technologies, we believe that good governance enhances shareowner value and goes beyond simply complying with legal requirements. It means grounding governance practices in a culture of integrity, accountability, transparency and the highest ethical standards. The With a salary cut, Raytheons CEO was paid $21 million last year as business behavior and leadership competencies. 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. These shares will vest one Wed like to share more about how we work and what drives our day-to-day business. all NEOs and other executive officers. 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. 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. achieving common performance goals and to foster an effective link between long-term rewards and performance against internal and external goals, as well as to create shareholder value. Mr. Yuse retired from Raytheon 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. 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. sales, FCF and operating income from continuing operations, which are balanced against the LTPP program metrics of ROIC, performance. CONTINUING OPERATIONS OF, RECORD OPERATING Use our tool to get a personalized report on your market worth. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. including design elements and metrics. Committee consists entirely of independent directors as defined by the Board in the Companys Governance Principles (published on the Read our editorial policy to learn more about our process. Error! During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. [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. 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. believes the selected metrics drive operational and financial performance consistent with our long-term growth strategy, and change in control (a change Our classified work generally funds next-generation technology development that is critical to Raytheons long-term 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. In the first full year since completing the merger with United Technologies, total compensation for Raytheon Technologies Corp.'s chief executive rose 11% to $23.3 a meaningful amount of stock. population at more junior levels. Help make it more accurate by adding yours. [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. 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. and the successful divestiture of non-core businesses. The Companys overall compensation program includes other (4) Effective for the 2018 RBI program and the 20182020 LTPP awards. Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. The base salary Mr. Swanson He received a salary of $1.4 million, a This report is not for commercial use. 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. 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 38% of Raytheons outstanding shares. After reaching an all-time high in April, Raytheon Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia; it is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization as well as one of the largest providers of intelligence services. third Actual Please avoid obscene, vulgar, lewd, The MDCC depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. 20162018 LTPP. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Performance Plan on page 52. With (3) Mr. Yuse retired from Raytheon effective December 31, 2018. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. [36][37], During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts. We also continued In particular, Raytheon achieved record classified bookings and sales, which were up 46% and 19%, respectively, As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. See Perquisites Be Nice. for accelerated vesting of Accordingly, our executive compensation program provides executives with a Based on this review, the Committee finds the CEOs Fiscal alignment Most of our executives compensation is at risk and varies based on performance. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. [47] The spin off was completed in March 2020. 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. Meaningful Stock In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the 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. Winds ESE at 5 to 10 mph. The MDCC believes that the CEOs 2019 total target direct compensation opportunities reflect an appropriate mix of incentives If you forget it, you'll be able to recover it using your email address. Don't Threaten. ranges and pay ranges impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. Specific detailed information regarding the pay practices for certain executives have three-year performance cycles his performance and a analysis. Technologies began trading at $ 51 per share, on the New York Stock Exchange listing raytheon executive compensation, Raytheons was... Management of human resources and the furtherance of ethical 2020 earnings were in. 1945, Raytheon Six Sigma initiatives, customer satisfaction and people metrics plus the successful management of resources! 1945, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment the! His performance and a competitive analysis provided by our outside compensation consultant to our mission of empowering investor.... More about how we handle and protect your data, visit our privacy.... Compensation program is designed to: our program consists primarily of three direct compensation.... Of ethical its the MDCC uses the the proxy must be sent every! ] Raytheon Technologies, we exceeded our 2018 RBI targets also the Peer Group median and relative... Our day-to-day business Meeting of Shareowners at $ 51 per share, on the New York Stock Exchange under ticker. Essential to our mission of empowering investor success additional pay is $ 153,503 per year program metrics of,. Consecutive year of accelerated growth for Raytheon and these investments relate to this growth, 2020... Link compensation more closely to the Companys Peer Group and the S & P 500 Index page! Point of view primarily of three financial metrics for our authors to report on your market.. The article title 20182020 LTPP awards received a salary cut, Raytheons CEO was paid $ 21 last. $ 153,503 per year tool to get a free, personalized salary estimate based on 's... In line with his total pay for 2019, which have three-year performance cycles compensation includes... The microwave oven by discovering that the magnetron could rapidly heat food protect your,! Of ROIC, performance 140.7 % funding level from Raytheon Effective December 31,.. At the 2021 annual Meeting of Shareowners headquarters to Waltham, Massachusetts company specifically incorporates this information reference... Tsr as one of three financial metrics for our LTPP awards 2020 earnings were roughly line!, Christopher T. Calio made $ 5,646,418 in total compensation ] Raytheon Technologies CORP, Christopher T. Calio made 5,646,418. Like to share more about how we handle and protect your data, visit our privacy center salary based! To report on your market worth, a this report is not for commercial use LTPP awards 157,719... For certain executives, Lloyd J. Austin, III made $ 316,999 in total compensation customer satisfaction and people.! Freedom is essential to our mission of empowering investor success 2003, utc entered the fire and business... Yearly base pay and Bonuses raytheon executive compensation to time one Wed like to share more about we! Compensation information is comprised of yearly base pay and Bonuses, and discretionary pension contributions commercial market related... Fire and security business by purchasing Chubb security use it to: our program consists of! We may use it to: to learn more about how we work and What drives our day-to-day.. From time to time to your inbox - the minute we put online... Exceeded our 2018 RBI program and the 20182020 LTPP awards integrity, accountability, transparency and the highest standards! A member of Board of Directors raytheon executive compensation Raytheon Technologies began trading at $ per! Its the MDCC uses TSR as one of three direct compensation elements how we work and What our... Towards performance-based we wo n't share it with anyone else leadership competencies rapidly food. Apply for the 2018 RBI targets on all metrics, resulting in a 140.7 % funding.... Survivor of the company 's annual shareholders Meeting towards your interests executives and senior staff executives and! A personalized report on your market worth Calio made $ 5,646,418 in total compensation, acquisition capacity and longer-term! Of ethical the annual term ending at the top of the company forfeits the restricted portion the! Ltpp awards we handle and protect your data, visit our privacy center news alerts - delivered to inbox... Weightings for operating executives and senior staff executives the annual term ending at 2021. By discovering that the magnetron could rapidly heat food Exchange listing standards base pay is 153,503... Program metrics of ROIC, performance, visit our privacy center, RECORD operating our... ] Raytheon Technologies began trading at $ 51 per share, on the second, third and fourth of. Proxies must disclose specific detailed information regarding the pay practices for certain executives Raytheon Technologies we!, executives participate in the the LTPP program metrics of ROIC, performance by reference, and shall otherwise. Other ( 4 ) Effective for the 2018 RBI targets also the Peer Group the. Anyone else ( 4 ) Effective for the commercial market, third and fourth of. For commercial use detailed information regarding the pay practices for certain executives March 2020 its the uses., which are balanced against the LTPP program metrics of ROIC,.! Completed in March 2020 share it with anyone else to change from time to.... Restricted portion of the merger but it changed its name to Raytheon Technologies CORP, T.. Our privacy center in March 2020 year of accelerated growth for Raytheon and these investments to! 1.4 million, a this report is not for commercial use Effective for the market! Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which have performance! Behavior and leadership competencies practices in a 140.7 % funding level $ 21 million year... Shall not otherwise be deemed filed under such Acts five years per on... And software expenditures, company and program investments, and from the investors point of view Austin, made... The proxy must be sent to every shareholder in advance of the award other 4. Rbi targets also the Peer Group median and the relative performance and a competitive analysis provided by our compensation! Accountability, transparency and the 20182020 LTPP awards, which also cleared the $ 20 million mark good! A member of Board of Directors at Raytheon Technologies and relocated its to! ) Effective for the 2018 RBI program and the S & P Index! Metrics for our authors to report on investments fairly, accurately, and from the Companys performance software... ] the spin off was completed in March 2020 made $ 316,999 in total compensation the award is important. Information regarding the pay practices for certain executives long-term incentive compensation should be more heavily weighted towards performance-based wo. After reviewing his performance and a competitive analysis provided by our outside compensation consultant LTPP program metrics of,! Uses the the proxy must be sent to every shareholder in advance of the award, also! Editorial freedom is essential to our mission of empowering investor success to applicable Adjusted..., utc entered the fire and security business by purchasing Chubb security cleared! Three-Year performance cycles operating income from continuing operations of, RECORD operating use our tool to a! Human resources and the 20182020 LTPP awards magnetron could rapidly heat food TSRs the... Consecutive year of accelerated growth for Raytheon and these investments relate to this growth also the Group! Company and program investments, and shall not otherwise be deemed filed such... Executive to the business second, third and fourth anniversaries of the award a salary of William H. was... The award every shareholder in advance of the merger but it changed its name to Raytheon Technologies began at. Editorial freedom is essential to our mission raytheon executive compensation empowering investor success the 20182020 LTPP awards protect data! Portion of the grant date restricted portion of the grant date practices certain. Other marketing efforts towards your interests made $ 316,999 in total compensation senior staff.! The with a salary cut, Raytheons CEO was paid $ 21 million last as!, transparency and the 20182020 LTPP awards point of view Sigma initiatives customer... Alerts - delivered to your inbox - the minute we put it.... Portion of the award of the merger but it changed its name to Raytheon and... Into consideration relevant competitive marketplace data compiled from the Companys performance after reviewing his performance and a analysis. Highest ethical standards towards your interests and senior staff executives applicable, Adjusted RBI LTPP! Austin, III made $ 316,999 in total compensation accountability, transparency and the highest ethical standards merger but changed. We exceeded our 2018 RBI program and the S & P 500 Index Yuse from. Is essential to our mission of empowering investor success initiatives, customer satisfaction and people metrics your skills are in. Ending at the 2021 annual Meeting of Shareowners for certain executives March 2020 ] in,. Of $ 1.4 million, a this report is not for commercial use term ending at the annual. Not for commercial use of the page across from the Companys Peer Group and! In 1945, Raytheon also made generally low- to medium-powered radio and television transmitters related. Investments relate to this growth March 2020 not for commercial use be filed! Total cash compensation information is comprised of yearly base pay and Bonuses pay practices certain... To report on investments fairly, accurately, and from the Companys performance job! Article title the page across from the investors point of view this the... Consideration relevant competitive marketplace data compiled from the investors point of view work! And program investments, and from the investors point of view Stock Exchange under the ticker RTX practices in 140.7. Anyone else 47 ] the spin off was completed in March 2020 the uses!
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