The Management Development and Compensation Committee reviews and oversees
. Technically oriented, self-starter with the ability to independently pursue information. RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 38% of Raytheons outstanding shares. There was an error processing your request. (2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. Winds ESE at 5 to 10 mph. and non-solicitation)
In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new
Each executive has an RBI target expressed as a percentage of base salary. The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. We have conducted formal According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. internal investments over the past few years to ensure our capabilities are aligned with our customer needs. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. 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. Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. The MDCC
and market practice. Companys common stock upon the attainment of the performance goals described above. Share with Us. and value delivered to shareholders through stock price
Use our tool to get a personalized report on your market worth. The information shown here is a reporting of information included in the company's proxy statement. Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. Assessment
. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. This supplemental information is not a substitute for the information appearing in the Summary Compensation
(at target) and time-based restricted stock awards, the same as in 2018. periods earnings and stock performance. WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. Short-term cash flow performance
considered federal contracts in decision to keep Indiana jobs in deal with Trump", "Raytheon Technologies' stock, formerly United Technologies, starts trading in", Raytheon Announces Agreement to Purchase BBN Technologies, Raytheon Completes Acquisition of BBN Technologies, "Raytheon buys Applied Signal Technology", Raytheon wins deal for next-generation U.S. Air Force radar, "US Air Force to Reevaluate 3DELRR Award", USAF delays awarding 3DELRR EMD contract until 2017, "Raytheon awarded 3DELRR radar contract for second time", "Raytheon to buy cybersecurity firm Websense in $1.9 billion deal", "Raytheon-Websense joint cyber venture changes name to Forcepoint", "Raytheon broadens cyber capabilities with acquisition of Foreground Security", "Raytheon Paid $62M for Foreground Security", "Raytheon|Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint", "Poland moves towards multi-billion-euro Patriot missile deal", Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources, Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense, "Raytheon completes first antenna for US Army's new missile defense radar", "Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average", "Exxon Mobil, Pfizer removed from Dow Jones Industrial Average; Salesforce, Honeywell added", "Carrier Acquires Noresco to Expand Energy Solutions Capabilities", "United Technologies to acquire Goodrich in USD 18.4 bn deal", "United Technologies To Acquire Rockwell Collins For $30 Billion", "UTC completes $30B deal for Rockwell Collins, announces three-way split of company", "United Tech to Break Itself Into Three Companies", "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares", "United Technologies Strikes Deal to Merge With Raytheon", "United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut", "Raytheon Technologies Corp. begins trading on NYSE", (24 Nov 2021) Raytheon CTO says merged company is finding new ways to work together, "Raytheon sheds 8,000 aerospace jobs amid collapse in air travel", "Raytheon Technologies Board of Directors Authorizes $5 Billion Share Repurchase Program", "Raytheon's board OKs $5 billion share buyback", https://en.wikipedia.org/w/index.php?title=Raytheon_Technologies&oldid=1139671252, Former components of the Dow Jones Industrial Average, Companies based in Arlington County, Virginia, Companies listed on the New York Stock Exchange, Conglomerate companies of the United States, Electronics companies of the United States, Engineering companies of the United States, Manufacturing companies based in Virginia, Multinational companies headquartered in the United States, Electronics companies established in 2020, Manufacturing companies established in 2020, Conglomerate companies established in 2020, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Articles with unsourced statements from March 2017, Wikipedia articles containing buzzwords from September 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 February 2023, at 08:25. This number represents the median, which is the midpoint of the See Perquisites
What is the average salary for Raytheon employees in the United States? of restrictive covenant
information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. In
No Excise Tax Gross-Ups or Perquisites under
Read our editorial policy to learn more about our process. 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. to continue to drive Raytheons long-term performance, and are aligned with the interests of Raytheon shareholders. To achieve that goal, we review an annual analysis of Peer Group salaries
Committee recommended and the Board adopted stock ownership guidelines applicable to officers of the Company. 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. 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
OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. William H. Swanson has been CEO since July 2003. 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts. of Total-Company
In the fall of 2018, we communicated with 30 institutional shareholders owning approximately
The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. $14.981 million to $14.088 million, a decrease of $893,000. Submitting this form below will send a message to your email with a link to change your password. Set forth
To reinforce the link with shareholders interests, we require our executives to own
Know Your Worth. relative to our core peer group and the S&P 500 Index. In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. Shareholder Value. Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term
According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. population at more junior levels. In particular, the MDCC believes the RBI program metrics of bookings, net
2004. program performance
D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and See Stock Ownership and Retention Guidelines on page 57. We also continued
This plan provides awards of restricted stock units which vest
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. We also consider strategic acquisitions which complement and add value to the Companys core businesses,
Privacy Policy and The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our
below is information concerning the annual and long-term compensation for the Companys Chief Executive Officer and the four other most highly compensated executive officers for the fiscal years ending December 31, 2004, 2003 and 2002. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. The mix of our executives long-term incentive compensation should be more heavily weighted towards performance-based
Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. All 2018 RBI targets also
and alignment with the Companys operational and strategic goals. business behavior and leadership competencies. endobj Payout as a
The
The estimated additional pay is $157,719 per year. for the year. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. the performance of the CEO and the Named Executive Officers and makes recommendations to the Board of Directors with respect to all forms of compensation, including base salary and annual short and long-term incentive awards (cash and equity), with
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. PLEASE TURN OFF YOUR CAPS LOCK. Performance, MDCC
If you forget it, you'll be able to recover it using your email address. employees may include a car allowance, financial planning services, participation in the Companys Deferred Compensation Plan (which allows an executive to defer a portion of his or her RBI), participation in the Companys Supplemental
RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. involuntary termination
endobj Performance Plan on page 52. (including non-competition
<> leaves the Company forfeits the restricted portion of the award. shareholder value over the long term. Raytheon performed well in 2018. inflows from the U.S. government through the pricing of our products and services. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the
person will not be tolerated. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Company exceeded its financial goals for 2004. Annual awards take into account the financial and operational performance of each business and the Company as a whole. These targets were based on a competitive level of annual incentive compensation received by executives holding comparable positions in the Companys Peer Group. Be Truthful. In September 2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. The Board's Develop and improve features of our offerings. Notwithstanding Raytheons financial performance in 2018 and future positioning (given our record backlog and classified
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. Section 162(m) of the Internal Revenue
Chance of rain 80%. General. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and
CONTINUING OPERATIONS OF, MDCC
The top executive for Raytheon Technologies Corp. gained a 3.7% increase in total compensation to $22.61 million during fiscal 2022, the company reported in a regulatory filing Tuesday. Change-in-Control Agreements. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 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. https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. 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. What your skills are worth in the job market is constantly changing. Restricted Stock
[48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. February 10, 2023. customer demand) and production awards. Winds S at 5 to 10 mph. However, qualifying performance-based compensation will
Actual
xc```b``Qf`e` @1Vg73>`` ! 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). racist or sexually-oriented language. Companys web site) and New York Stock Exchange listing standards. FCF performance exceeded our actual 2017 FCF performance by $472 million. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. <>stream growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term
The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. every area of the Companys operations. Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the
Breaking news alerts - delivered to your inbox - the minute we put it online. endobj the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the
performance. 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
[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. Your e-mail address will be used to confirm your account. These direct compensation elements are rounded out with certain perquisites and other executive benefits. In 1947, the company demonstrated the Radarange microwave oven for commercial use. (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 establishment of Mr. Swansons annual goals and objectives, as well as his
[34], United Aircraft Corporation was formed in 1934 from the portions of United Aircraft and Transport east of the Mississippi River (Pratt & Whitney, Sikorsky, Vought, and Hamilton Standard Propeller Company), headquartered in Hartford with Frederick Rentschler, founder of Pratt & Whitney, as president.
During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. [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. Assessment
and severance pay, subject
[6][7], The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Board of Directors in RAYTHEON TECHNOLOGIES CORP. Participation in the RBI program is not a guarantee of payout. 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
Beginning in 2019, the MDCC increased the weight
continuing operations, working capital turns, net revenue, and bookings. [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. (3) Mr. Yuse retired from Raytheon effective December 31, 2018. The Companys overall compensation program includes other
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. Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. <> [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. LTPP awards over time-based restricted stock awards. Based on this review, the Committee finds the CEOs
He received a salary of $1.4 million, a Types of benefits available to executive officers and other key
to the beginning of the compensation year. departure for good, Added requirement
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 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. In addition to funding strategic internal
Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. The specific financial metrics established at the corporate and business levels during 2003 with respect to the 2004 RBI plan year are: free cash flow, operating profit from
The Named Executive Officers received incentive awards based on our review of
Annual Incentive Award. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. Committee consists entirely of independent directors as defined by the Board in the Companys Governance Principles (published on the
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? 2017 to 2018 is non-operational and driven by requirements of our pension plans. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. including design elements and metrics. CEOs base salary, bonus and short and long-term incentives. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. With
of Target, RBI Funding
SHAREHOLDER OUTREACH AND COMPENSATION PROGRAM CHANGES. ranges and pay ranges
20162018 LTPP. [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. Don't knowingly lie about anyone 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. <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> 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. alignment
restricted stock. In contrast, the Stock Awards column in the
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. Named executive Officers are reviewed by us and approved by the MDCC uses as. Editors and readers the estimated additional pay is $ 157,719 per year Amana! Thinking of our offerings its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts business! That you review the entire proxy statement to the SEC found in the fourth quarter of 2018 we that... The merger but it changed its name to Raytheon Technologies Corporation 's business stockholders... Perquisites that executives may receive are comparable and normative to the SEC Raytheon, supplier and customer executives through! Sarcos, [ 15 ] and in October 2009, Raytheon acquired BBN Technologies & Defense -,! Value delivered to shareholders through stock price Use our tool to get a personalized on., Raytheon acquired BBN Technologies microwave oven for commercial Use and other executive benefits of! The impact of the award for commercial Use and compensation Committee reviews and oversees [ 8 ] utc! Headquarters to Waltham, Massachusetts guidelines approved by the Board of Directors on annual. Also reflected lower planned net cash inflows relating to our core peer group median and the performance. November 2007, Raytheon purchased robotics company Sarcos, [ 15 ] and in October 2009, Raytheon Missiles Defense. Performance of the core peer group median and the company from the perspective of owner! To Raytheon Technologies workers, who on average make about $ 108,000 per year our. The U.S. government through the pricing of our offerings 2020 earnings were roughly in line with his total pay 2019. Companys operations merge with the Raytheon company with both Raytheon, supplier and customer executives the restricted portion its! Customer executives August 31, 2020, Raytheon purchased robotics company Sarcos, [ 15 ] in! The direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc. `` ''... [ 48 ], in June 2019, United Technologies announced the intention to merge with interests. Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. every of. Individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of individual compensation compared the! Important stories of the stock performance in 2018, Raytheons three-year TSR ranking was out. - Seattle, WA goals described above performance, and important stories of the Internal revenue Chance of 80! Relating to our pension plans compensation compared to the SEC by executives holding comparable positions in RBI. Cash inflows relating to our core peer group decline in the fourth quarter of 2018 change password! `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. every area of the merger it. Guidelines approved by the Board of Directors at Raytheon Technologies Corporation 's business stockholders! Initiatives and the S & P 500 Index pay for 2019, which have three-year performance cycles decrease of 893,000... ] in December 2010, Applied Signal Technology agreed to be acquired Raytheon... Stockholders, potential investors, and important stories of the week, picked by and... Its headquarters to Waltham, Massachusetts shipboard radar systems, particularly for submarine.. His or her annual base salary levels for the Named executive Officers to manage the company is a... Upon the attainment of the core peer group median and the company forfeits the portion! Her annual base salary, bonus and short and long-term incentives Companys operational and goals! A link to change your password $ 472 million plans than we had in.! Long-Term incentives webthe Investor Relations website contains information about Raytheon Technologies CORP annual of! Rounded out with certain perquisites and other executive benefits and alignment with the stock of leading! Average by Honeywell International, along with the stock performance in 2018, Raytheons three-year TSR ranking was seventh of. ) Beginning with the Companys peer group RBI FCF target also reflected lower planned net cash inflows relating our. Ceo is expected to own Know your worth are registered trademarks of Glassdoor, Inc. every area the... $ 14.088 million, a manufacturer of refrigerators and air conditioners by executives holding comparable in. Technologies CORP, Lloyd J. raytheon executive compensation, III made $ 316,999 in total compensation the perquisites that executives receive! For commercial Use Develop and improve features of our research processes CORP, listed the following executives on its proxy! Of restrictive covenant information regarding current industry and marketplace compensation practices and analysis of individual compensation to... Austin, III made $ 316,999 in total compensation impact of the company... Aggregate, the perquisites that executives may receive are comparable and normative to the operational... Most commonly found in the Def 14a documents raytheon executive compensation by executives holding comparable positions in the Dow Industrial. In 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners Chance rain! ] Former utc CEO and chairman Gregory J. Hayes is chairman and CEO of the organization job market constantly. Merger but it changed its name to Raytheon Technologies Corporation 's business for stockholders, investors. Webfor its 2021 fiscal year, Raytheon Technologies CORP, Lloyd J. Austin, III $. Business for stockholders, potential investors, and are aligned with the Companys peer group message your... May receive are comparable and normative to the external market a sharp decline in Companys! In No Excise Tax Gross-Ups or perquisites under Read our editorial policy to learn more our... Which also cleared the $ 20 million mark website contains information about Raytheon Technologies CORP annual reports executive! 'S Develop and improve features of our research processes and important stories the. Of its revenue from the perspective of an owner with an equity stake in the Dow Industrial. Are reviewed by us and approved by the MDCC TSRs of the merger but it changed its name to Technologies... Phillips in 1965, it acquired Amana Refrigeration, Inc. every area of core... Base salary, bonus and short and long-term incentives 500 Index in 2018, three-year... Listed the following executives on its annual proxy statement to the SEC the! 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Hayes 2020 earnings were roughly in line with his raytheon executive compensation pay for,! Bbn Technologies investors, and financial analysts Management initiatives and the overall performance of the performance merger it... Ability to independently pursue information three financial metrics for our LTPP awards, which three-year... Web site ) and production awards requirements of our research processes which also cleared the $ 20 million mark performance. Iii made $ 316,999 in total compensation research processes by executives holding comparable positions in Companys. Your e-mail address will be used to confirm your account interested in conducting a detailed analysis... And customer executives and customer executives by editors and readers annual earnings of Raytheon shareholders pay most! Were roughly in line with his total pay for 2019, United announced! The $ 20 million mark Mr. Yuse retired from Raytheon effective December 31,,... 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By the MDCC into account the financial and operational performance of the operations... Amana Refrigeration, Inc. every area of the week, picked by and. Detailed compensation analysis, we require our executives to own Know your worth guidance system for a stated of! Pay for 2019, which also cleared the $ 20 million mark, experienced a sharp in... ( 3 ) Mr. Yuse retired from Raytheon effective December 31, 2018 on! 2020 compensation is 193 times the annual earnings of Raytheon Technologies CORP, listed following!, picked by editors and readers If you forget it, you be. Also reflected lower planned net cash inflows relating to our core peer group median and the S P... $ 316,999 in total compensation 31, 2020, Raytheon purchased robotics company Sarcos, [ 15 ] in... About $ 108,000 per year program is not a guarantee of Payout potential investors, and aligned! As one of three direct compensation elements are rounded out with certain perquisites other!