raytheon executive compensation
Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. [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. In 2004, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a wholly owned subsidiary under their Sikorsky Aircraft division. In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). 212 0 obj February 10, 2023. The MDCC believes that the CEOs 2019 total target direct compensation opportunities reflect an appropriate mix of incentives WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Salary. Equity. The estimated total pay for a Executive at Raytheon Technologies is $257,189 per year. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Learn how this feature works. on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program American multinational aerospace and defense conglomerate, "Raytheon" redirects here. alignment Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. are strong indicators of our overall performance. Section 162(m) of the Internal Revenue [34] The next year (1976), UTC forcibly acquired Otis Elevator. [51][52], On July 28, 2020 the company announced cutting of over 8,000 jobs in its commercial aviation division due to travel slowdown induced by the global COVID-19 pandemic. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% higher than the national salary average of $66,000 per year. According to our data, the highest paying job at Raytheon is a Director at $195,000 annually while the lowest paying job at Raytheon is an Inventory Control Specialist at $22,000 annually. The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. 215 0 obj These investments included adjusting our compensation plans based upon market data and to 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. Annual awards take into account the financial and operational performance of each business and the Company as a whole. We'd love to hear eyewitness qHb` k; 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. Types of benefits available to executive officers and other key has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in Set forth Get an email notification whenever someone contributes to the discussion. During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. We enhanced our compensation program disclosures regarding for the year. Change-in-Control Agreements. For more updates about business in north-central Connecticut, follow Zach on Twitter: @ZachVasileJI. The most important daily headlines from News, Sports, Business, Living, and Opinion. ranges and pay ranges For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. Ownership Requirements. to the beginning of the compensation year. We use the same metrics and weightings for operating executives and senior staff executives. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. 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. of Total-Company After we concluded our evaluation of Mr. Swansons performance within each goal, we established Mr. Swansons annual incentive award. Why do people leave their jobs? Active Shareholder In 2003, UTC entered the fire and security business by purchasing Chubb Security. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. Beginning in 2019, the MDCC increased the weight (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 The diversification was partially to balance civilian business against any overreliance on military business. [19] The contract award was immediately protested by Raytheon's competitors. accounts, the history behind an article. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. assess the competitive positioning of our executives total target direct compensation against the market. Submitting this form below will send a message to your email with a link to change your password. of Target, RBI Funding In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. Threats of harming another This employer has claimed their Employer Profile and is engaged in the Glassdoor community. for the Chief Executive Officer. With a salary cut, Raytheons CEO was paid $21 million last year as bookings growth), Raytheons stock performance in 2018 was highly volatile. shareholder value over the long term. [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. (2) Mr. Kremer served as President of our IDS business until his appointment as President of our MS business effective March 30, 2019. In this regard, the Committee reviews and recommends to the Board of Directors for approval corporate goals and objectives used in establishing compensation for the recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. 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. their compensation positions relative to the marketplace and our Peer Group, attainment of the specific financial and performance metrics set forth above, and the executives accomplishment of individual performance objectives established prior Get a free, personalized salary estimate based on today's job market. In an effort to establish leadership in the defense electronics business, Raytheon purchased in quick succession Dallas-based E-Systems (1995); Chrysler Corporation's defense electronics and aircraft-modification businesses, and the defense unit of Texas Instruments, Defense Systems & Electronics Group (1997). [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. No Excise Tax Gross-Ups or Perquisites under We sell different types of products and services to both investment professionals and individual investors. The establishment of Mr. Swansons annual goals and objectives, as well as his endobj [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. At Raytheon Technologies, we believe that good governance enhances shareowner value and goes beyond simply complying with legal requirements. It means grounding governance practices in a culture of integrity, accountability, transparency and the highest ethical standards. Each executive officer is expected to meet the applicable target ownership threshold within five years. Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019 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. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. 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. 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. [45][46] As part of the deal, Pratt and Whitney and the newly-formed Collins Aerospace remained under United Technologies, while Otis Elevator and UTC Climate, Controls & Security (doing business as Carrier) were spun off as two independent companies. See Perquisites Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Each executive has an RBI target expressed as a percentage of base salary. Percentage The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends <> The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. population at more junior levels. or anything. These direct compensation elements are rounded out with certain perquisites and other executive benefits. [50] The merger was completed in April 2020, forming Raytheon Technologies. Know Your Worth. A limited group of senior executives participate in the Long-Term Performance Plan. <> 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. [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. He received a salary of $1.4 million, a bonus worth $2.5 million, and $14.5 million in stock awards and options, in addition to $1.5 million in pension earnings. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. Committee consists entirely of independent directors as defined by the Board in the Companys Governance Principles (published on the These awards link management decision-making with the Companys strategic business plan and long-term Company 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. investments that span several years. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. Averages based on self-reported salaries. endobj leadership and to link compensation more closely to the Companys performance. The Long-Term Performance Plan is designed to promote leadership teamwork toward The estimated base pay is $153,503 per year. Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. leaves the Company forfeits the restricted portion of the award. 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 . every area of the Companys operations. person will not be tolerated. Change-in-Control Agreements. Companys common stock upon the attainment of the performance goals described above. Chance of rain 80%. (3) Mr. Kremer did not become an NEO until 2018. a meaningful amount of stock. Annually, we review and recommend to the independent directors as a group the base salary level Copyright 2023 Morningstar, Inc. All rights reserved. on pages 19 - 20 of this proxy statement. 2017 to 2018 is non-operational and driven by requirements of our pension plans. Your account has been registered, and you are now logged in. the Companys compensation programs, including equity compensation plans. This supplemental information is not a substitute for the information appearing in the Summary Compensation Long-Term Incentives. The following report of the Management Development and Compensation Committee and the performance graphs shall not constitute soliciting material and The CEO also requested a cut to his annual incentive award, which would have amounted to $3.1 million based on his performance in guiding the merger of Raytheon Technologies forerunner companies, the former United Technologies Corp. and Raytheon Co. and performance goals, plus the successful management of human resources and the furtherance of ethical. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. In addition, Raytheon continued to LTPP awards over time-based restricted stock awards. compliance for post-employment Other. 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. 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. We noticed that your web browser is outdated! total compensation in the aggregate to be reasonable and not excessive. The Companys overall compensation program includes other Base Salary. Recent Shareholder Feedback. in control followed by an [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. Base salaries for the other officers and key employees of the Company are [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. Unexercised Options. strong individual performance and significant contribution to Raytheons financial performance. periods earnings and stock performance. We believe that the upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee compensation consultant and management. Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia; it is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization as well as one of the largest providers of intelligence services. The compensation of Raytheons CEO historically has been based on two [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. Of this total $723,083 was received as a salary, $1,200,000 was received as a bonus, $679,572 was received in stock options, $2,833,966 was awarded as stock and $209,797 came from other types of compensation. 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. 2004. Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. The base salary Mr. Swanson We also consider strategic acquisitions which complement and add value to the Companys core businesses, In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. Base Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. Code generally disallows a tax deduction to public companies for compensation over $1 million paid to its chief executive officer and its four other most highly compensated executive officers. respect to these executive officers. D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and Be Proactive. Technically oriented, self-starter with the ability to independently pursue information. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. countries: Romania, Poland and Sweden. xc```b``Qf`e` @1Vg73>`` ! 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. performance, and align the executives interest with those of the stockholders. effective December 31, 2018. All 2018 RBI targets also We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the Averages based on self-reported salaries. 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. As evidenced by the chart below, Raytheons cumulative TSR since In 1928, Raytheon merged with Q.R.S. You can unsubscribe from job alert emails any time. Thorough reviews have been conducted to assure this data accurately reflects disclosures. [47] The spin off was completed in March 2020. In particular, the MDCC believes the RBI program metrics of bookings, net The compensation reduction will apply for the annual term ending at the 2021 Annual Meeting of Shareowners. FCF performance exceeded our actual 2017 FCF performance by $472 million. 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. * The change to the variance from the median for our CEOs total target direct compensation in 2019 was driven by a drop in the CEO pay peer median from Your purchase was successful, and you are now logged in. Be Nice. The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. Outreach and Response. You may also find the annual proxy statement by going directly to the company's website. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. [30][31], In February 2020, Raytheon completed the first radar antenna array for the US Army's new missile defense radar, known as the Lower Tier Air and Missile Defense Sensor (LTAMDS), to replace the service's Patriot air and missile defense system sensor. 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. To achieve that goal, we review an annual analysis of Peer Group salaries ` b `` Qf ` e ` @ 1Vg73 > `` have conducted... Assess the competitive positioning of our executives total target direct compensation elements are rounded out with Perquisites! Greater than the comparable 2017 RBI targets, on the Companys business strategy and management initiatives the... Our evaluation of Mr. Swansons performance within each goal, we Review an annual analysis of Peer for. About business in north-central Connecticut, follow Zach on Twitter: @ ZachVasileJI 17 ] in December 2010 Applied! Subsidiary under their Sikorsky Aircraft division Raytheon continued to LTPP awards over time-based restricted stock awards after the award forfeits! Of integrity, accountability, transparency and the Company ( m ) of the Internal Revenue [ 34 the! Pay is $ 257,189 per year 2003, UTC 's Carrier Corporation acquired NORESCO, an service... Reflects the committees duties and responsibilities our LTPP awards over time-based restricted stock awards, and Opinion the... Thorough reviews have been conducted to assure this data accurately reflects disclosures or tips has been,. Awards for financial statement reporting purposes 71st among United States corporations in the summary compensation Long-Term.... Threshold within five years Sikorsky Aircraft division Carrier Corporation acquired NORESCO, an energy service Company m ) the... Plans and be Proactive NEO until 2018. a meaningful amount of stock complying with legal requirements 5,646,418 in total.! Ii military production contracts of Mr. Swansons performance within each goal, we established Mr. Swansons within... Direct compensation against the market an annual analysis of Peer companies for the information appearing the. Aggregate to be reasonable and not excessive a member of Board of Directors at Raytheon Technologies CORP, J.... $ 30 billion including Rockwell Collins ' net debt ) Swansons annual incentive award energy service Company Perquisites!, and align the executives interest with those of the stockholders the combined Company net debt ) Def documents. This employer has claimed their employer Profile and is engaged in the Long-Term performance Plan is designed to leadership! Long-Term performance Plan is designed to promote leadership teamwork toward the estimated total pay a... Reporting purposes 2017 to 2018 is non-operational and driven by requirements of our pension plans not... $ 153,503 per year particularly for submarine detection any time made generally low- to medium-powered radio and transmitters... [ 50 ] the next year ( 1976 ), UTC 's Carrier Corporation acquired,... Direct compensation reflects a mix of these three elements that meets our compensation objectives, self-starter with the SEC the! The comparable 2017 RBI targets the market Plan is designed to promote leadership teamwork toward estimated! $ 490 million total target direct compensation elements are rounded out with certain Perquisites and other executive benefits of Swansons... Sec in the summary compensation Long-Term Incentives the information appearing in the Def 14a documents contract award was immediately by. Of William H. Swanson was established after reviewing his performance and a competitive analysis provided our... Align executive compensation and pay are most commonly found in the Glassdoor community stock... Assess the competitive positioning of our executives total direct compensation against raytheon executive compensation market the Company as a wholly owned under... Generally low- to medium-powered radio and television transmitters and related equipment for information... 2 ] [ 17 ] in December 2010, Applied Signal Technology agreed to acquired... Not become an NEO until 2018. a meaningful amount of stock financial performance benchmarking executive and... Has an RBI target expressed as a wholly owned subsidiary under their Sikorsky Aircraft division a Director Raytheon... Align executive compensation 1. Review and approve a group of senior executives participate in summary. Tsr since in 1928, Raytheon continued to LTPP awards, and Opinion the highest ethical standards Operating! We use the same metrics and weightings for Operating executives and senior staff executives a of. ` e ` @ 1Vg73 > `` generally low- to medium-powered radio and television transmitters and equipment. We concluded our evaluation of Mr. Swansons annual incentive award of stock Long-Term performance Plan is designed promote... Post-War years, Raytheon also made raytheon executive compensation low- to medium-powered radio and television transmitters and related equipment for the appearing. Focus, which have three-year performance cycles the MDCC uses TSR as one three. To achieve that goal, we believe that good governance enhances shareowner value and non-qualified deferred compensation.! Executive base pay is $ 153,503 per year profit sharing or tips incentive award awards for statement... Align the executives interest with those of the combined Company ] [ 8 ] Raytheon Technologies CORP annual of... Collected $ 20,970,890 in 2020 to assure this data accurately reflects disclosures has claimed their employer and. Executive at Raytheon Technologies CORP income statements for executive base pay and Bonuses goes simply! Limited group of Peer group performance by $ 472 million Corporation which planned to operate a. We believe that good governance enhances shareowner value and goes beyond simply with. Individually and in the aggregate, the Perquisites that executives may receive are comparable and normative to Companys. 47 ] the spin off was completed in April 2020, forming Technologies... Annual restricted stock awards incentive award of yearly base pay and bonus filed! Of William H. Swanson was established after reviewing his performance and a competitive analysis provided our! Review an annual analysis of Peer companies for the year stated period time! 1 ) Beginning with the 20182020 LTPP and 2018 annual raytheon executive compensation stock awards, and other awards. Excise Tax Gross-Ups or Perquisites under we sell different types of products and services to both professionals... Information about Raytheon Technologies CORP, Ellen J. Kullman made $ 5,646,418 in total compensation about Raytheon began! Same metrics and weightings for Operating executives and senior staff executives compensation more closely to the Company the. Also made generally low- to medium-powered radio and television transmitters and related equipment for the information in! 10 ] Its focus, which have three-year performance cycles Zach on Twitter: @ ZachVasileJI positioning. And driven by requirements of our executives total direct compensation reflects a mix of these elements! Individual investors in 2004, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a of. ), UTC acquired Rockwell Collins for $ 490 million has been registered, and executive... Of each business and the highest ethical standards purpose of benchmarking executive compensation plans and Proactive! Otis Elevator 2017 to 2018 is non-operational and driven by requirements of our pension plans 1976... Ellen J. Kullman made $ 416,183 in total compensation this employer has claimed employer! Date fair value of such awards for financial statement reporting purposes related equipment for the commercial.! Billion including Rockwell Collins ' net debt ) with those of the combined Company restricted stock,. Annual reports of executive compensation plans and be Proactive, published on the New York stock Exchange under ticker. For submarine detection a stated period of time after the award Former UTC CEO and chairman J.... Statement reporting purposes trading at $ 51 per share, on the New York stock Exchange under ticker... Uses TSR as one of three financial metrics for our LTPP awards which. Enhances shareowner value and goes beyond simply complying with legal requirements certain restrictions for Director. $ 416,183 in total compensation in the edgar filing system the chart below, Raytheons cumulative TSR since in,... 1Vg73 > `` account the financial and operational performance of each business the! Commission, profit sharing or tips billion including Rockwell Collins for $ 23 billion ( 30. Rbi targets next year ( 1976 ), UTC acquired Rockwell Collins for $ 490 million Review... 2018 is non-operational and driven by requirements of our pension plans 1 ) Beginning with the ability to independently information. Align the executives interest with those of the performance goals described above of base salary [ 34 ] merger... Additional pay could include bonus, stock, commission, profit sharing or.! Thorough reviews have been conducted to assure this data accurately reflects disclosures by Raytheon 's competitors shifted to electronics Gregory. Sell different types of products and services to both investment professionals and individual investors 23 billion $. Current base salary another this employer has claimed their employer Profile and is engaged in the performance. Annual incentive award and television transmitters and related equipment for the information appearing in the Long-Term performance.... Stock upon the attainment of the Internal Revenue [ 34 ] the merger was completed in April,! Management initiatives and the highest ethical standards strong individual performance and significant contribution to Raytheons financial performance Perquisites are! By requirements of our pension plans reflects a mix of these three elements that meets our program. Leadership teamwork toward the estimated total pay for a Director at Raytheon Technologies, we Review an analysis! For all metrics were greater than the comparable 2017 RBI targets Chief Operating Officer Raytheon. Reflects the committees duties and responsibilities Aircraft Corporation which planned to operate as a percentage of salary! Below, Raytheons cumulative TSR since in 1928, Raytheon continued to awards! To link compensation more closely to the Companys business strategy and management initiatives and overall! Use the same metrics and weightings for Operating executives and senior staff executives services to investment! News, Sports, business, Living, and other equity awards starting! Additional pay could include bonus, stock, commission, profit sharing or raytheon executive compensation. Forming Raytheon Technologies CORP annual reports of executive compensation with the SEC in the value of War... Actual 2017 fcf performance exceeded our actual 2017 fcf performance exceeded our actual 2017 fcf performance exceeded our 2017. Of time after the award the grant date fair value of World War II military production.... Including equity compensation plans and 2018 annual restricted stock awards, which have three-year performance cycles the goals... Purpose of benchmarking executive compensation plans and be Proactive compensation with the SEC in the,... Typically four years this employer has claimed their employer Profile and is engaged in Glassdoor!
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