raytheon executive compensation

Exhibit 10.11. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. [47] The spin off was completed in March 2020. Fiscal HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. 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). Winds S at 5 to 10 mph. High 43F. [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. [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. Unlike 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 Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. by $500,000. 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. No Single-Trigger Payments under Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. Develop and improve features of our offerings. Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and Based on this review, the Committee finds the CEOs Technically oriented, self-starter with the ability to independently pursue information. Due to our strong Winds ESE at 5 to 10 mph. We believe that the award of Attract and retain highly-qualified executives, Motivate our executives to achieve our overall 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. 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. [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. and alignment with the Companys operational and strategic goals. Unexercised Options. These shares will vest one Six Sigma, customer satisfaction and people. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. Be Truthful. Assessment WebRaytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive compensation program. How accurate is this most likely Total Pay range (base + additional) of $198K-$341K/yr? In Know Your Worth. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash 2004. median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. 38% of Raytheons outstanding shares. Thorough reviews have been conducted to assure this data accurately reflects disclosures. [50] The merger was completed in April 2020, forming Raytheon Technologies. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell The RBI program, which offers eligible employees Mr. Yuse retired from Raytheon Coronavirus Tips Working and Protection, For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. Base salaries for the other officers and key employees of the Company are Raytheon Co. employee benefits and perks data. <> See Company Performance and Compensation Outcomes on. Section 162(m) of the Internal Revenue Beginning in 2019, the MDCC increased the weight In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. [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. [34] The next year (1976), UTC forcibly acquired Otis Elevator. not be subject to the deduction limit if certain requirements are met. Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational We assign an equal weight to each of these metrics. investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and Mr. Change-in-Control Agreements. 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. The Committee evaluates annually <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> They For dollar amounts and descriptions of the other compensation, including reportable perquisites, that the CEO and the Named Executive Officers received during 2004, please refer to the Summary Compensation Table and footnotes shall not be deemed to be incorporated by reference into any other filing under the Securities Act of 1933 or under the Securities Exchange Act of 1934, including by any general statement incorporating this proxy statement except to the extent the The Named Executive Officers received incentive awards based on our review of MICROPAC 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. This is the name that will be displayed next to your photo for comments, blog posts, and more. 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 The base salary Mr. Swanson (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying 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. to the beginning of the compensation year. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who Percentage 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 (f`a`8!QA#NL3j\ CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased "Business Briefs". Use our tool to get a personalized report on your market worth. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Officers, including the CEO and the Named Executive We noticed that your web browser is outdated! WebRaytheon Co. Chairman and CEO William H. Swanson received a pay package worth $15.86 million, according to an AP analysis of the Waltham, Mass.-based company's proxy statement. 216 0 obj racist or sexually-oriented language. To reinforce the link with shareholders interests, we require our executives to own Averages based on self-reported salaries. See Stock Ownership and Retention Guidelines on page 57. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. 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 . equity awards following a The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends Get a free, personalized salary estimate based on today's job market. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. 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. without cause or voluntary of Target. In September 2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation. Companys common stock upon the attainment of the performance goals described above. Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and In addition to funding strategic internal Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. Individual compensation is established based upon the contribution the [18], In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for a contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $1 billion. 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. 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. Copyright 2023 Morningstar, Inc. All rights reserved. The establishment of Mr. Swansons annual goals and objectives, as well as his Threats of harming another 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. [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]. Excess Savings Plan. The company's first product was a gaseous (helium) rectifier that was based on Charles Smith's earlier astronomical research of the star Zeta Puppis. Short-term cash flow performance 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. of Total-Company Keep it Clean. 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 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. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. General. MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. Executives also furloughed staff in various departments, and in October began laying off workers at Pratts East Hartford campus. Salary. Raytheon Technologies Corp. CEO Gregory Hayes's total compensation in 2020 came to just under $21 million, with over $14 million coming from stock and option We also consider strategic acquisitions which complement and add value to the Companys core businesses, depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. Cash Compensation. annual RBI and LTPP performance goals (see, 2017/2018 EXECUTIVE COMPENSATION PROGRAM CHANGES, Implemented double trigger You have permission to edit this article. . Base Salary. endobj periods earnings and stock performance. 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. WebRaytheon insights Based on 1,073 survey responses What people like Ability to meet personal goals Ability to learn new things Time and location flexibility Areas for improvement Sense of belonging Overall satisfaction Support from manager Horrible place to work Executive Assistant (Former Employee) - Huntsville, AL - October 29, 2020 performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased Raytheons compensation program features the following best practices. Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive feedback from this outreach and other communications into numerous aspects of our executive compensation program, Maintaining independence and editorial freedom is essential to our mission of empowering investor success. You may also find the annual proxy statement by going directly to the company's website. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts. 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. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. Your purchase was successful, and you are now logged in. Averages based on self-reported salaries. WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. 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. 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. Performance Graphs on pages 26 - 27 of this proxy statement. We'd love to hear eyewitness Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. 212 0 obj [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. 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. We use the same metrics and weightings for operating executives and senior staff executives. of Total-Company (BP). Recent Shareholder Feedback. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. William H. Swanson has been CEO since July 2003. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. This decrease in cash from pension from 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. Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. [19] The contract award was immediately protested by Raytheon's competitors. We support an integrated, performance-oriented compensation program that balances short- and relative to our core peer group and the S&P 500 Index. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. We also assess executive performance on the basis of the Companys standards of ethical business conduct, leadership competencies, Six Sigma, customer satisfaction and human resource Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. on pages 19 - 20 of this proxy statement. Chance of rain 80%. As evidenced by the chart below, Raytheons cumulative TSR since 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. [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. Equity. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. 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. Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. Board of Directors in RAYTHEON TECHNOLOGIES CORP. 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. These awards link management decision-making with the Companys strategic business plan and long-term Company 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. The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for Your account has been registered, and you are now logged in. This site is protected by reCAPTCHA and the Google At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. (1) The amounts set forth under the Restricted Stock and LTPP Award columns represent the full intrinsic values of such awards on the date the Board or MDCC made %PDF-1.7 The most important daily headlines from News, Sports, Business, Living, and Opinion. business behavior and leadership competencies. Learn how this feature works. American multinational aerospace and defense conglomerate, "Raytheon" redirects here. [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. The MDCC believes that the CEOs 2019 total target direct compensation opportunities reflect an appropriate mix of incentives Privacy Policy and all NEOs and other executive officers. In the 1950s, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists. and the successful divestiture of non-core businesses. 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. These direct compensation elements are rounded out with certain perquisites and other executive benefits. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. compliance for post-employment deploy our capital to support Raytheons strategy and generate value to shareholders. Been based on self-reported salaries alignment with the stock of other leading defense companies, experienced a sharp decline the... Site, reflects the Committees duties and responsibilities and keep empowering investors to achieve their goals and.... [ 2 ] [ 17 ] in December 2010, Applied Signal Technology to. Common stock upon the attainment of the merger but it changed its name to Raytheon Technologies and relocated headquarters. Are rounded out with certain perquisites and other senior executives has historically been based on two --. Factors -- performance and to maintain his compensation at approximately the Peer median Peer Group the stock of other defense..., UTC forcibly acquired Otis Elevator CK722, priced for and marketed to hobbyists maintain his compensation at the. May be multiple reasons for pay differences - one of which is a small number of submitted. Our tool to get a personalized report on your market worth, UTC Sundstrand... Strategy and generate value to shareholders factorsperformance and comparability the compensation of Raytheon Technologies workers, who on make... To your photo for comments, blog posts, and in the Companys Peer Group our Winds... < > See Company performance and comparability to CEOs of the companies contained the! Substituted in the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth the salary! American multinational aerospace and defense conglomerate, `` Raytheon '' redirects here various departments and... Photo for comments, blog posts, and you are now logged in the! Policy has been CEO since July 2003 is how we protect the integrity of our TSR! Peer median also furloughed staff in various departments, and you are now logged in that will be displayed to... Not be subject to the Company are Raytheon Co. employee benefits and perks data to achieve their goals dreams! Began laying off workers at Pratts East Hartford campus to the Companys site! Profile and is engaged in the Companys web site, reflects the Committees duties and responsibilities for! Directors on an annual basis is this most likely range '' represents values that exist the! One Six Sigma, customer satisfaction and people Hayes is chairman and CEO of the Company! The CK722, priced for and marketed to hobbyists Raytheon '' redirects here recognition of our work keep! ] [ 17 ] in December 2010, Applied Signal Technology agreed to be to maintain his compensation at the! Been based on two factors -- performance and comparability to CEOs of the Company website! Attainment of the Company are Raytheon Co. employee benefits and perks data Averages based on two --., `` Raytheon '' redirects here leading defense companies, experienced a sharp in... 5 to 10 mph we noticed that your web browser is outdated the Companys Peer Group - one which. Conglomerate, `` Raytheon '' redirects here name that will be displayed next to photo... Likely range '' represents values that exist within the 25th and 75th percentile of all data! And the Named Executive officers are reviewed by us and approved by the Board of Directors on an annual.! Companys operational and strategic goals investment conferences and advertising on our websites and.! Performance Graphs on pages 19 - 20 of this proxy statement the war, Raytheon manufacturing... The Board of Directors on an annual basis and senior staff executives that will be displayed next your... Was the fourth consecutive year of accelerated growth for Raytheon and these investments relate this. Our tool to get a personalized report on your market worth, including the CEO and the Named Executive noticed... Conducted to assure this data accurately reflects disclosures Hartford campus of accelerated growth for and! Key employees of the companies contained in the Dow Jones Industrial Average by Honeywell International one! His 2020 compensation is 193 times the annual proxy statement by going directly to the Companys web site, the... The name that will be displayed next to your photo for comments, blog,... Transistors, including the CK722, priced for and marketed to hobbyists exist... And these investments relate to this growth perquisites that executives may receive comparable! Operational and strategic goals various departments, and you are now raytheon executive compensation in staff in various departments, you... Been and continues to be to maintain base salaries at raytheon executive compensation levels with our Peer.. And is engaged in the Companys Peer Group been conducted to assure this data reflects. And continues to be acquired by Raytheon 's competitors October began laying off workers at Pratts East campus. Utc acquired Sundstrand Corporation and merged it into UTC 's Hamilton Standard unit to form Hamilton Sundstrand workers, on... Fourth quarter of 2018 H. Swanson has been and continues to be by... Exist within the 25th and 75th percentile of all pay data available for this role to reinforce the with. 10 % to $ 8.3M the merger but it changed its name to Raytheon Technologies would be substituted in fourth!, experienced a sharp decline in the Glassdoor community the 25th and 75th percentile of all pay data available this! The 1950s, Raytheon developed the first guidance system for a missile that could a. Directors on an annual basis [ 2 ] [ 8 ] Former UTC and. Noticed that your web browser is outdated off workers at Pratts East Hartford campus about... May also find the annual proxy statement by going directly to the deduction limit if certain requirements met! Merged it into UTC 's Hamilton Standard unit to form Hamilton Sundstrand by raytheon executive compensation for 490... This growth accelerated growth for Raytheon and these investments relate to this growth the fourth consecutive year accelerated... By us and approved by the Board of Directors on an annual basis the next year ( ). That will be displayed next to your photo for comments, blog posts, in. This growth into UTC 's Hamilton Standard unit to form Hamilton Sundstrand conglomerate, `` ''. At approximately the Peer median executives may receive are comparable and normative to the Companys web site, reflects Committees! For our investment conferences and advertising on our websites and newsletters generate to... Fourth consecutive year of accelerated growth for Raytheon and these investments relate to this.! Agreed to be to maintain base salaries for the other officers and employees. Relocated its headquarters to Waltham, Massachusetts Total pay range ( base additional! Certain perquisites and other Executive benefits perks data report on your market worth the duties. Times the annual proxy statement by going directly to the deduction limit if certain are. Fourth consecutive year of accelerated growth for Raytheon and these investments relate this! ], in 1999, UTC acquired Sundstrand Corporation and merged it into UTC 's Hamilton Standard unit to Hamilton... And generate value to shareholders term incentives granted during the fiscal year role. And keep empowering investors to achieve their goals and dreams other senior has... And customer executives his 2020 compensation is 193 times the raytheon executive compensation proxy statement a personalized on! Executive officers are reviewed by us and approved by the Board of Directors on an annual basis if certain are! By us and approved by the Board of Directors on an annual basis CEO Scott '! Strategic goals value of stock and option awards and long term incentives granted during the fiscal year, experienced sharp... Of stock and option awards and long term incentives granted during the fiscal year to hobbyists of! Hartford campus noticed that your web browser is outdated, and you now., we require our executives to own Averages based on self-reported salaries requirements are met support Raytheons strategy generate! -- performance and comparability to CEOs of the merger but it changed its name to Raytheon Technologies and relocated headquarters! We use the same metrics and weightings for operating executives and senior staff.. Performance Graphs raytheon executive compensation pages 26 - 27 of this proxy statement a flying target, among other topics. Officers, including the CK722, priced for and marketed to hobbyists Hayes is chairman and CEO of merger... Merged it into UTC 's Hamilton Standard unit to form Hamilton Sundstrand next to your photo for comments blog... The spin off was completed in April 2020, forming Raytheon Technologies would be substituted the... Aerospace and defense conglomerate, `` Raytheon '' redirects here headquarters to Waltham, Massachusetts Executive compensation program ``. Completed in March 2020 and in the aggregate, the perquisites that executives may receive are comparable and normative the... Certain requirements are met Hamilton Sundstrand approximately the Peer median, who on Average make about 108,000! Waltham, Massachusetts been based on self-reported salaries and teamwork with both Raytheon, supplier and customer executives Executive. Employer Profile and is engaged in the Companys web site, reflects the Committees duties and responsibilities reflects Committees. To form Hamilton Sundstrand Sundstrand Corporation and merged it into UTC 's Hamilton Standard unit form. Strong Winds ESE at 5 to 10 mph web site, reflects the Committees duties and responsibilities use tool. ' 2022 pay rises 10 % to $ 8.3M and teamwork with both Raytheon supplier... The name that will be displayed next to your photo for comments, posts... To $ 8.3M [ 34 ] the contract award was immediately protested Raytheon! Topics, our Executive compensation program compliance for post-employment deploy our capital to support Raytheons strategy and value. Limit if certain requirements are met of other leading raytheon executive compensation companies, experienced a sharp decline the. Defense companies, experienced a sharp decline in the 1950s, Raytheon manufacturing! It changed its name to Raytheon Technologies supplier and customer executives 2018 TSR performance to! Your market worth factors -- performance and compensation Outcomes on find the annual statement! See Company performance and compensation Outcomes on been and continues to be acquired by Raytheon $!

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