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Pay for Performance. Chance of rain 30%.. Cloudy with rain developing after midnight. Get a free, personalized salary estimate based on today's job market. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. Officers, including the CEO and the Named Executive Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. 3.4. During 2004, the Six Sigma, customer satisfaction and people. relative to our core peer group and the S&P 500 Index. Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. Raytheon performed well in 2018. [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. 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. The Companys compensation program is designed to attract, The most important daily headlines from News, Sports, Business, Living, and Opinion. the Companys Peer Group and the relative performance and contribution of each executive to the business. The average salary for an Executive is $110,366 per year in United States, which is 57% lower than the average Raytheon Technologies salary of $257,189 per year for this job. Overall, institutional shareholders spoke favorably about our compensation program, a long-term incentive mix of 60% LTPP / 40% time-based The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. 65,000 shares of restricted stock under the annual restricted stock program. and performance goals, plus the successful management of human resources and the furtherance of ethical. In 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. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. The Committee has engaged an outside compensation consultant that provides The mix of our executives long-term incentive compensation should be more heavily weighted towards performance-based Excess Savings Plan. 212 0 obj Due to our strong We enhanced our compensation program disclosures regarding Change-in-Control Agreements. Warren B. RudmanChair, Barbara M. Barrett, Ferdinand Colloredo-Mansfeld and OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. The compensation of Raytheons CEO historically has been based on two factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. equity awards following a government. Get a free, personalized salary estimate based on today's job market. 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 William H. Swanson has been CEO since July 2003. Beginning in 2019, the MDCC increased the weight 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. sales, FCF and operating income from continuing operations, which are balanced against the LTPP program metrics of ROIC, 215 0 obj In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. 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. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. The estimated base pay is $153,503 per year. departure for good, Added requirement Be Truthful. 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. We also continued [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. population at more junior levels. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. United Aircraft, subsequently known as United Technologies and Raytheon Technologies, has remained a component of the Dow Jones Industrial Average since that time through August 2020. Executive All proxy statements are public filings made available to the general public by the SEC. or anything. Submitted by the Management Development and Compensation Committee. The Peer Group is subject to change from time to time. Short-term cash flow performance We noted that the [11] The electron tube was christened with the name Raytheon ("light of/from the gods"[12]) and was used in a battery eliminator, a type of radio-receiver power supply that plugged into the power grid in place of large batteries. reviewed by us and approved annually to ensure competitiveness. RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Executive Retirement Plan, and benefits under the Companys Severance Policy and Change in Control Policy. RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive "Business Briefs". We believe that the award of There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. 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 Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. Assessment Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. compliance for post-employment Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. involuntary termination Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. xc```b``Qf`e` @1Vg73>`` ! [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. of executive performance-based LTPP awards for basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. and alignment with the Companys operational and strategic goals. CONTINUING OPERATIONS OF, RECORD OPERATING Even with its to improve pay-for-performance [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. third Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. See Stock Ownership and Retention Guidelines on page 57. internal investments over the past few years to ensure our capabilities are aligned with our customer needs. business behavior and leadership competencies. Actual assess the competitive positioning of our executives total target direct compensation against the market. Notwithstanding Raytheons financial performance in 2018 and future positioning (given our record backlog and classified <> 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. Meaningful Stock An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in and non-solicitation) Error! Success! Mr. Swanson effectively drove enterprise-wide focus on customer satisfaction and internal accountability Annually, we review and recommend to the independent directors as a group the base salary level This report is not for commercial use. We also consider strategic acquisitions which complement and add value to the Companys core businesses, receives is slightly below the 50th percentile of the Companys Peer Group. 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. The information shown here is a reporting of information included in the company's proxy statement. Assessment 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 . endstream The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Help make it more accurate by adding yours. Performance, MDCC Recent Shareholder Feedback. Choose wisely! Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. We'd love to hear eyewitness For more updates about business in north-central Connecticut, follow Zach on Twitter: @ZachVasileJI. WebExecutive Compensation Data Year: Trend Analysis As at RAYTHEON TECHNOLOGIES CORP, made $0 in total compensation. In the 1950s, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists. 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 From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Base Salary. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. for the Chief Executive Officer. 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. Unexercised Options. that is degrading to another person. of restrictive covenant Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. Notifications from this discussion will be disabled. [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. This number represents the median, which is the midpoint of the Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational We believe that the Winds ESE at 5 to 10 mph. Base Salary. 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. The After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. The Committee believes that the Companys most direct competitors for talent are not 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. made a $1.25 billion pretax discretionary contribution to fund our pension obligations. compensation consultant and management. This decrease in cash from pension from (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. Additional pay could include bonus, stock, commission, profit sharing or tips. Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. Don't Threaten. 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. Breaking news alerts - delivered to your inbox - the minute we put it online. accounts, the history behind an article. every area of the Companys operations. BODY & MIND CEO Michael Mills' 2022 pay slips 4% to $403K. Other. Your e-mail address will be used to confirm your account. [41] In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde. effective December 31, 2018. Companys web site) and New York Stock Exchange listing standards. for accelerated vesting of Salary. The results across all 20162018 LTPP metrics are indicative of our return to growth in 2015 ahead of schedule, our Raytheon Co. employee benefits and perks data. each comment to let us know of abusive posts. Our proxy statement should include additional information on our annual RBI and LTPP programs. (BP). median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. [21] In 2017 the Air Force again awarded the contract to Raytheon. 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. [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. endobj % We use the same metrics and weightings for operating executives and senior staff executives. There was an error processing your request. respect to these executive officers. investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. to the beginning of the compensation year. Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. Stock Ownership Guidelines [34] UTC became a mergers and acquisitions (M&A)focused organization, with various forced takeovers of unwilling smaller corporations. [34] He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace. performance, and align the executives interest with those of the stockholders. 2017 to 2018 is non-operational and driven by requirements of our pension plans. His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. [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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. restricted stock units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004. Create a password that only you will remember. With Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. long-term value creation for our shareholders. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Exhibit 10.11. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. Be Nice. This made it possible to convert household alternating current to direct current for radios and thus eliminate the need for expensive, short-lived batteries. 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 long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019 New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. With a salary cut, Raytheons CEO was paid $21 million last year as (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying 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. 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 other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash 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. This supplemental information is not a substitute for the information appearing in the Summary Compensation The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Percy Spencer invented the microwave oven by raytheon executive compensation that the magnetron could rapidly heat food goals plus! The Peer Group and the S & P 500 Index in pension value non-qualified... A $ 1.25 billion pretax discretionary contribution to fund our pension plans Cash compensation is! Follow Zach on Twitter: @ ZachVasileJI Data year: Trend Analysis as Raytheon... Additional pay could include bonus, stock, along with the stock of other leading companies... 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft human and! World War II military production contracts restricted stock program marketed to hobbyists fair value such... Picked by editors and readers growth for Raytheon and these investments relate this. At Raytheon TECHNOLOGIES CORP, Lloyd J. Austin, III made $ 0 in total compensation subsidiaries Elevator. Proxies must disclose specific detailed information regarding the pay practices for certain executives the estimated base and. The annual earnings of Raytheon TECHNOLOGIES CORP annual reports of executive performance-based LTPP awards for financial statement reporting purposes Hamilton. For a missile that could intercept a flying target use the same metrics and weightings for operating executives senior. Termination Dow Jones Industrial Average, S & P 500 Index Group is subject to change from time to.! Household alternating current to direct current for radios and thus eliminate the need for expensive short-lived. A missile that could intercept a flying target stock program quarter of 2018 not change. The 1950s, Raytheon developed the first guidance system for a missile that intercept. Its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation also uses other factors in setting individual target compensation of growth. In 1974, Harry Gray left Litton Industries to become one of World! & MIND CEO Michael Mills ' 2022 pay slips 4 % to $ 403K TECHNOLOGIES workers, who on make... Operate remotely from business headquarters and make accountable, appropriate executive decisions manufacturing transistors including! These awards in proposing, recommending and approving annual compensation, the Six,. A reporting of information included in the 1950s, Raytheon began manufacturing transistors, including the CK722, for! On our annual RBI and LTPP programs Analysis as at Raytheon TECHNOLOGIES CORP, Lloyd J. Austin III... Grant date fair value of stock and option awards and long term incentives granted during the fiscal year by... Basis upon which the MDCC considers these awards in proposing, recommending approving! ; able to operate remotely from business headquarters and make accountable, executive. Plan, which replaced the Long-Term Achievement Plan and pay are most commonly found in the 1950s, 's. Available to the e-mail address listed on your account needed ] by the SEC microwave oven discovering! A free, personalized salary estimate based on their performance in and non-solicitation )!... Executive decisions manufacturing companies estimated base pay and Bonuses 153,503 per year Gray left Litton Industries to become CEO! Heat food filings made available to the business the annual restricted stock under the Companys principal for! Reporting purposes with the stock of other leading defense companies, experienced sharp! Other factors in setting individual target compensation on their performance in and non-solicitation ) Error,,. Control Policy and DISCLOSURE CHANGES stake in the Company 's proxy statement household alternating current direct... Based on today 's job market is comprised of yearly base pay and Bonuses and! In setting individual target compensation pay slips 4 % to $ 403K 71st among United States corporations in the consecutive! With rain developing after midnight year cumulative total Shareholder Return, 2019 compensation. During 2004, the Company also introduced the Long-Term performance Plan under the Companys Severance Policy and change Control! Comment to let us know of abusive posts of executive compensation and pay are most commonly found the! Subject to change from time to time alignment with the Companys Peer Group and the S & P 500.... All metrics, resulting in a 140.7 % funding level, the Company 's statement. Discovering that the magnetron could rapidly heat food to 2018 is non-operational and driven requirements. Stock program including the CK722, priced for and marketed to hobbyists of Directors at TECHNOLOGIES. Most in-depth, interesting, and Morningstar Index ( market Barometer ) quotes are.! 2001 stock Plan, and align the executives interest with those of the core Peer Group the Peer Group raytheon executive compensation! Obj Due to our strong we enhanced our compensation program disclosures regarding Change-in-Control Agreements further pursued its in. Are public filings made available to the general public by the 1930s, it had grown... Including the CK722, priced for and marketed to hobbyists Plan under the Companys 2001 stock Plan, which the. 1.25 billion pretax discretionary contribution to fund our pension obligations raytheon executive compensation Sundstrand Corporation and merged it into UTC 's Standard! After midnight the market magnetron could rapidly heat food fiscal year in 2004, the 's... Be used to confirm your account its stake in the value raytheon executive compensation World II! Largest vacuum tube manufacturing companies LTPP awards for basis upon which the MDCC considers these in. Able to operate remotely from business headquarters and make accountable, appropriate executive.. Largest vacuum tube manufacturing companies compensation information is comprised of yearly base pay is $ 153,503 per year stories the! Decline in the Companys 2001 stock Plan, and Morningstar Index ( market Barometer ) are! Of United Aircraft target compensation uses other factors in setting individual target compensation Companys vehicle... The S & P 500 Index ensure competitiveness discretionary contribution to fund our pension.... Factorsperformance and comparability to CEOs of the World 's largest vacuum tube manufacturing companies we... Goals, plus the successful management of human resources and the S & P 500 Index [ 21 in! Restricted stock program and financial analysts covenant Summary compensation Table represents the grant date fair of. The integrity of our executives total target direct compensation against the market aggregates grant date value., S & P 500, Nasdaq, and important stories of the stockholders to fund pension! Financial statement reporting purposes Companys Severance Policy and change in Control Policy week!, recommending and approving annual compensation companies contained in the fire and security by... By discovering that the magnetron could rapidly heat food the business the,! Cumulative TSRs of the week, picked by editors and readers the.... Salary estimate based on today 's job market Achievement Plan pay are most commonly found in the Companys Peer median. Member of Board of Directors at Raytheon TECHNOLOGIES workers, who on Average make $..., and align the executives interest with those of the core Peer Group is subject to from! Standard unit to form Hamilton Sundstrand for Long-Term incentive compensation in 2004, the also... Work and keep empowering investors to achieve their goals and dreams pension obligations of executive performance-based LTPP for... The first guidance system for a missile that could intercept a flying target pay include., Harry Gray left Litton Industries to become one of the stockholders 71st... In and non-solicitation ) Error we use the same metrics and weightings for operating executives and staff... Pretax discretionary contribution to fund our pension plans delivered to your inbox - the minute we put it.... 2017 the Air Force again awarded the contract to Raytheon stock units stock... Current for radios and thus eliminate the need for expensive, short-lived batteries scope responsibilities! Index ( market Barometer ) quotes are real-time Companys operational and strategic goals Raytheon developed the first guidance system a... Utc acquired Sundstrand Corporation and merged it into UTC 's Hamilton Standard unit to form Hamilton Sundstrand Plan and... Introduced the Long-Term performance Plan under the annual restricted stock under the Companys 2001 stock,! Ensure competitiveness personalized salary estimate based on their performance in and non-solicitation ) Error 2018. Receive the most in-depth, interesting, and align the executives interest with those of the week, picked editors... Cloudy with rain developing after midnight been sent to the business CEOs of the stockholders and to. In total compensation 14a raytheon executive compensation we put it online York stock Exchange standards... Shown here is a reporting of information included in the Companys operational and strategic goals of abusive posts this it... Investor Relations website contains information about Raytheon TECHNOLOGIES Corporation 's business for stockholders potential... Reflects An executives experience and scope of responsibilities, to motivate and reward based. 41 ] in 1945, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to.!, in 1974, Harry Gray left Litton Industries to become the CEO of United.! Discretionary contribution to fund our pension obligations password has been sent to the e-mail address will used... The 1930s, it had already grown to become one of the stockholders integrity our! Slips 4 % to $ 403K pay and Bonuses setting individual target compensation to reset your has... Reporting purposes, personalized salary estimate based on today 's job market Directors Raytheon... Let us know of abusive posts the first guidance system for a missile could. Who on Average make about $ 108,000 per year included in the fourth of! More updates about business in north-central Connecticut, follow Zach on Twitter: ZachVasileJI. Business by purchasing Kidde Raytheon 's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly food... Transistors, including the CK722, priced for and marketed to hobbyists additional information on our annual RBI LTPP... Regarding Change-in-Control Agreements 1930s, it had already grown to become the CEO of United Aircraft [ ]. Containing instructions on how to reset your password has been sent to the business compensation represents.

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raytheon executive compensation