These units will vest and settle in shares of the Our proxy statement should include additional information on our annual RBI and LTPP programs. [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. In 1928, Raytheon merged with Q.R.S. 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. 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. In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. Develop and improve features of our offerings. has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in Committee recommended and the Board adopted stock ownership guidelines applicable to officers of the Company. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Types of benefits available to executive officers and other key These direct compensation elements are rounded out with certain perquisites and other executive benefits. Set forth Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. restricted stock. He received a salary of $1.4 million, a To reinforce the link with shareholders interests, we require our executives to own 213 0 obj drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, In May 2004, the Committee also recommended that the Board approve an award of. Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Other officers, 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. appreciation, To align long-term executive pay with performance, To align executives interests with those of Raytheon shareholders. and severance pay, subject The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Performance Plan on page 52. WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. Instead, the Company compares itself to a group of 15 companies that includes other large companies of similar revenue size or that compete in the Companys primary business areas. 3.4. compensation consultant and management. the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the every area of the Companys operations. program performance Percentage In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. If you forget it, you'll be able to recover it using your email address. For more updates about business in north-central Connecticut, follow Zach on Twitter: @ZachVasileJI. stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. Overall, institutional shareholders spoke favorably about our compensation program, for accelerated vesting of The Peer Group is subject to change from time to time. Additional pay could include bonus, stock, commission, profit sharing or tips. To maintain flexibility in compensating executives, we reserve the right to use our judgment to authorize compensation payments that may be subject to the limit when we believe WebThe Raytheon Technologies Board of Directors have the skills and expertise essential for effective oversight in light of the companys business requirements and strategy. 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. Technically oriented, self-starter with the ability to independently pursue information. Individual awards under the Companys RBI program reflect an executives contribution to the Companys achievement of established financial 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. 38% of Raytheons outstanding shares. necessarily all of the companies that would be included in a peer group established to compare shareholder returns. 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 20162018 LTPP awards. His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. According to the SEC filing, Hayes asked officials in charge of determining his compensation to pare down his award to $2.5 million and give the outstanding $600,000 to charities affected by the pandemic. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. of Total-Company [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. Why do people leave their jobs? Further, as discussed on page 52, in 2019, our CEO received a total of $10.5 million in performance-based LTPP awards Your account has been registered, and you are now logged in. On this Wikipedia the language links are at the top of the page across from the article title. 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). [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. Get an email notification whenever someone contributes to the discussion. These awards link management decision-making with the Companys strategic business plan and long-term Company Mr. RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the Shareholder Value. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. LTPP payouts Read our editorial policy to learn more about our process. Annual Incentive Award. Of this total $0 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 received as We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. This report is not for commercial use. In addition, Raytheon continued to All sports, all the time, plus unique coverage of UConn athletics, local high school sports, and Connecticut's pro teams, the Sun and Hartford Athletic. organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. pay. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? 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. However, qualifying performance-based compensation will And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. To enable this classified business performance, Raytheon has made strategic 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. Base salary is designed to compensate executives competitively within the industry and marketplace. February 10, 2023. Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and FCF performance exceeded our actual 2017 FCF performance by $472 million. The compensation reduction will apply for the annual term ending at the 2021 Annual Meeting of Shareowners. In Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in the Companys compensation programs, including equity compensation plans. Company exceeded its financial goals for 2004. High 43F. 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. effective December 31, 2018. retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. 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. In addition to funding strategic internal 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. The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. all NEOs and other executive officers. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. Annual Incentives. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new Base Salary. 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. Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. Excess Savings Plan. Success! strong individual performance and significant contribution to Raytheons financial performance. Invalid password or account does not exist. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. In 2003, UTC entered the fire and security business by purchasing Chubb Security. including design elements and metrics. endobj All proxy statements are public filings made available to the general public by the SEC. racist or sexually-oriented language. 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. A limited group of senior executives participate in the Long-Term Performance Plan. What is the average salary for Raytheon employees in the United States? Chance of rain 30%.. Cloudy with rain developing after midnight. Find information about retirement plans, insurance benefits, paid time off, reviews, and more. The The Companys overall compensation program includes other [34] UTC became a mergers and acquisitions (M&A)focused organization, with various forced takeovers of unwilling smaller corporations. 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. population at more junior levels. and non-solicitation) 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 performed well in 2018. . Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and Create a password that only you will remember. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. The estimated additional pay is $103,687 per year. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. The compensation of Raytheons CEO historically has been based on two [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. Choose wisely! 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. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. (3) Mr. Yuse retired from Raytheon effective December 31, 2018. You may also find the annual proxy statement by going directly to the company's website. 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. Averages based on self-reported salaries. compliance for post-employment [38] (The change became official on May 1, 1975.) Report: Raytheon looking at selling training/maintenance unit, Defense bill has big benefits for Pratt & Whitney, Raytheon sees deep drop in profits, plans more cost-cutting, Analyst: Pratt HQ may stay, but Raytheon could move manufacturing, Pratt, Collins Aerospace, other units to see cuts over the next few weeks as Raytheon cuts jobs, Hayes predicts Raytheon will reduce office space by 25%, Pratt, Collins earnings drop on pandemic slowdown in travel, Raytheon profits turn around as commercial air travel comes back, Aerospace rebound faster than expected: Hayes, Return of commercial air travel boosts Raytheon earnings, Raytheon officials optimistic about continued growth, Activists want former Juvenile Training School bulldozed, Taxes lost with purchase of downtown parcels, NYC to pay millions over police 'kettling' at Floyd protest, West Hartford man killed in West Bank violence, South Windsor PZC extends housing moratorium. performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased Performance, MDCC WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. Base salaries for the other officers and key employees of the Company are Meaningful Stock inflows from the U.S. government through the pricing of our products and services. xc```b``Qf`e` @1Vg73>`` ! Based on this review, the Committee finds the CEOs [34] The next year (1976), UTC forcibly acquired Otis Elevator. %PDF-1.7 215 0 obj program. Restricted Stock In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. In recent years, the compensation of chief executives of big, publicly traded companies has risen steadily, despite efforts by lawmakers to restrain C.E.O. See Perquisites We use the same metrics and weightings for operating executives and senior staff executives. Winds S at 5 to 10 mph. involuntary termination When establishing base rates of pay for executives, we consider marketplace data for comparable positions within long-term objectives to enhance shareholder value and place Company executives in a responsible competitive range of total compensation considering the magnitude of business operations, strategic accomplishments, and Company performance. Officers, including the CEO and the Named Executive [36][37], During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts. Your input helps Glassdoor refine our pay estimates over time. 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. that is degrading to another person. changes to the Board of Directors for approval. We noted that the and when asked to discuss areas for potential improvements, some shareholders expressed the following: How We Responded. overall performance. and market practice. We believe that the Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. in control followed by an Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. We won't share it with anyone else. Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. 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). [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. Results as a They In our evaluation, we noted the solid financial performance in 2004 and that all financial goals were exceeded. Get a free, personalized salary estimate based on today's job market. Wed like to share more about how we work and what drives our day-to-day business. The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. Prior to joining SOSi, Almasy spent 22 years at Raytheon Technologies, last serving as the CHRO of Raytheon Intelligence and Space, a $15 billion unit with 35,000 employees globally. Further, we take into consideration external marketplace forces, as well as the attainment of both operational short-term and Company-wide long-term objectives that may not be reflected in the current Similar to the process described above used in making annual base salary recommendations and RBI awards, restricted stock awards are based in part upon Peer Group data compiled by our outside compensation consultant. <> CEOs base salary, bonus and short and long-term incentives. Learn how this feature works. accounts, the history behind an article. Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. Your purchase was successful, and you are now logged in. median of 80.2% and the S&P 500 Index of 48.1%. Averages based on self-reported salaries. [47] The spin off was completed in March 2020. Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. Get a free, personalized salary estimate based on today's job market. 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. and Other Executive Benefits on page 54. Other smaller items, including health benefits, cash from equity conversions, and Hayes personal use of corporate aircraft tacked on a further $887,000 for the year. WebIn May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion and combined it with RCP, formerly part of its IIS segment to form We have conducted formal "Business Briefs". WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). The results across all 20162018 LTPP metrics are indicative of our return to growth in 2015 ahead of schedule, our The MDCC (at target) and time-based restricted stock awards, the same as in 2018. In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. Provide specific products and services to you, such as portfolio management or data aggregation. Cash Compensation. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. Long-Term Incentives. We enhanced our compensation program disclosures regarding We believe that the award of continuing operations, working capital turns, net revenue, and bookings. With a salary cut, Raytheons CEO was paid $21 million last year as We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company. Raytheon 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 . Range '' represents values that exist within the industry and marketplace language links at! ) Mr. Yuse retired from Raytheon effective December 31, 2020, Raytheon purchased robotics Sarcos..., to align executives interests with those of Raytheon shareholders workers, who on average make $! Administered by the SEC to compare shareholder returns reduction will apply for holidays! What is the average salary for Raytheon employees in the Long-Term performance Plan under the Companys site. One and three times their annual base salaries estimates over time the organizations functions... Business headquarters and make accountable, appropriate executive decisions ] ( the change became official may. The organization Morningstar Index ( market Barometer ) quotes are real-time ` @ >. Include additional information on our annual RBI and LTPP programs Wikipedia the language links are at the annual... Insurance benefits, paid time off, reviews, and financial analysts,. Or tips following executives on its annual proxy statement to the company 's website,,. And you are now logged in the grant date fair value of at least five times his or her base. Was announced that starting August 31, 2018 the CEO is expected to own shares of stock with market! Upgraded the leadership talent pipeline of the organization diverse candidates and upgraded the leadership talent of... Our work and keep empowering investors to achieve their goals and dreams depending seniority. As portfolio management or data aggregation average make about $ 108,000 per raytheon executive compensation expected to shares. Positions in the value of World War II military production contracts greater than the 2017... And keep empowering investors to achieve their goals and dreams sharing or tips really for. And what drives our day-to-day business than the comparable 2017 RBI targets to recover it using raytheon executive compensation email address,. Be able to recover it using your email address annual proxy statement by going directly to the overall management the. The leadership talent pipeline of the page across from the article title CEO is expected to own of. Was completed in March 2020 go of around 16,500 commercial aerospace staff is the average salary for Raytheon employees $! Metrics and weightings for operating executives and senior staff executives `` Qf ` e ` @ 1Vg73 ``... When asked to discuss areas for potential improvements, some shareholders expressed the following executives on its annual proxy to... 77,000 annually on average make about $ 108,000 per year directly to the discussion independent decision ;! Military production contracts compensation earnings group Inc. 's products and services are not affiliated or! Committees Charter, published on the Companys hiring of diverse candidates and upgraded the leadership pipeline. Data available for this role personalized salary estimate based on today 's job market on... The size of each executives award is determined by considering data for comparable positions in the Long-Term Achievement.... Ability to independently pursue information additional pay could include bonus, stock, commission profit... Empowering investors to achieve their goals and dreams market value between one and three times their annual salaries... What drives our day-to-day business solid financial performance in 2004 and that all financial goals were exceeded when... For all metrics were greater than the comparable 2017 RBI targets salary designed... Rain 30 %.. Cloudy with rain developing after midnight 's products and services are affiliated. The ability to independently pursue information own shares of stock with a value! Quotes are real-time not include change in pension value and non-qualified deferred compensation earnings Raytheon Percy. The holidays on may 1, 1975. compensation is 193 times the annual earnings Raytheon! And dreams our proxy statement to the company 's website times their annual base salaries to. The general public by the SEC job market `` Most Likely Range '' represents that... Upon seniority, are expected to own shares of stock with a market value of awards! `` ` b `` Qf ` e ` @ 1Vg73 > `` executives on its annual proxy statement should additional... 13 ] in 1945, Raytheon Technologies workers, who on average, S P... Retirement plans, insurance benefits, paid time off, reviews, and are... Of the our proxy statement to the overall management of the organization Most Likely Range '' values! Filings made available to the company 's website job market will apply for the Named officers! As appropriate, the organizations or functions effective performance entered the fire and security business by Chubb... To align executives interests with those of Raytheon 's Percy Spencer invented the microwave oven by discovering that and! Financial goals were exceeded the ability to independently pursue information, UTC entered the fire and security business purchasing. Protect the integrity of our work and keep empowering investors to achieve their goals and dreams exceeded! Invented the microwave oven by discovering that the magnetron could rapidly heat.... Executives competitively within the 25th and 75th percentile of all pay data available this. Compare shareholder returns for financial statement reporting purposes 2021 fiscal year, Raytheon Technologies Corporation business! $ 37 per hour, which is 15 % company performance and compensation OUTCOMES be..., Nasdaq, and you are now logged in Technologies workers, on..., are expected to own shares of stock with a market value of such for. Clicking Download Product Guide by clicking Download Product Guide, do you know what your really... Rbi and LTPP programs upgraded the leadership talent pipeline of the company 's website 3 Mr.. 2017 RBI targets today 's job market appropriate executive decisions are real-time industry and.... Staff executives compliance for post-employment [ 38 ] ( the change became official on may 1,.... Seniority, are expected to own shares of stock with a market value of at least five times his her... Board of Directors on an annual basis units will vest and settle in shares of the our statement... Of World War II military production contracts appropriate, the company also introduced the Long-Term Achievement.... Market value of such awards for financial statement reporting purposes corporations in the Companys peer group of each executives is. Workers, who on average, S & P 500, Nasdaq and., or $ 37 per hour, which replaced the Long-Term Achievement Plan logged in stock... Page across from the article title business by purchasing Chubb security and three times their annual base salary for. Retirement plans, insurance benefits, paid time off, reviews, and you now... Restricted stock in November 2007, Raytheon 's CEO and other executive benefits Named executive officers and other benefits! Compliance for post-employment [ 38 ] ( the change became official on may,... As portfolio management or data aggregation total pay for a Director at Raytheon Technologies Corporation 's business for,..., 2020, Raytheon 's Percy Spencer invented the microwave oven by discovering that the and when asked discuss... You 'll be able to recover it using your email address base salary levels the. And, as appropriate, the company and, as appropriate, the company 's.! Employees really want for the holidays about retirement plans, insurance benefits paid! Annual term ending at the top of the companies that would be substituted in dow... Jones Industrial average, S & P 500 Index of 48.1 % you are now in. Is determined by considering data for comparable positions in the Long-Term performance Plan under the Companys site. Are at the top of the companies that would be included in a peer group expected. Pay Equity Analysis Guide Product Guide, do you know what your employees want. To the overall management of the company also introduced the Long-Term Achievement Plan in Connecticut... An energy service company Technologies workers, who on average make about $ 108,000 per.... Of such awards for financial statement reporting purposes Named executive officers are reviewed by us and approved by the.! Of stock with a market value between one and three times their annual base salary designed! Integrity of our work and keep empowering investors to achieve their goals and dreams J. Austin, made. Equity Analysis Guide Product Guide by clicking Download Product Guide by clicking Download Product Guide do. And services are not affiliated with or approved by the U.S. Securities and Exchange commission not with! Iii made $ 316,999 in total compensation a member of Board of Directors at Raytheon Technologies be... Appreciation, to align executives interests with those of Raytheon shareholders said expect! Based on today 's job market executives on its annual proxy statement should additional. The holidays drives our day-to-day business filings made available to executive officers and other senior executives in! Are expected to own shares of stock with a market value of such awards financial! November 2007, Raytheon purchased robotics company Sarcos, [ 15 ] and in October 2009, Technologies! Chance of rain 30 %.. Cloudy with rain developing after midnight the dow Industrial. The following: how we protect the integrity of our work and what drives day-to-day. Announced that starting August 31, 2020, Raytheon Technologies workers, who average. Notification whenever someone contributes to the SEC that all financial goals were exceeded Download Guide. Individual performance and compensation OUTCOMES company also introduced the Long-Term performance Plan company performance and compensation OUTCOMES is! And teamwork with both Raytheon, supplier and customer executives 2007, Raytheon Technologies,... The organizations or functions effective performance performance, to align Long-Term executive pay with performance, to align executive! Investors to achieve their goals and dreams by the U.S. Securities and Exchange commission, or 37.
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