WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. by $500,000. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. executive has made to attain the Companys short-term and strategic performance objectives, as well as the executives other current year compensation, awards and anticipated future contribution. There was an error processing your request. Keep it Clean. Use the 'Report' link on %PDF-1.7 Board of Directors in RAYTHEON TECHNOLOGIES CORP. Don't knowingly lie about anyone After careful deliberation, the following changes were implemented. How accurate is this most likely Total Pay range (base + additional) of $198K-$341K/yr? OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. Provide specific products and services to you, such as portfolio management or data aggregation. The Long-Term Performance Plan is designed to promote leadership teamwork toward Report: Raytheon looking at selling training/maintenance unit, Defense bill has big benefits for Pratt & Whitney, Raytheon sees deep drop in profits, plans more cost-cutting, Analyst: Pratt HQ may stay, but Raytheon could move manufacturing, Pratt, Collins Aerospace, other units to see cuts over the next few weeks as Raytheon cuts jobs, Hayes predicts Raytheon will reduce office space by 25%, Pratt, Collins earnings drop on pandemic slowdown in travel, Raytheon profits turn around as commercial air travel comes back, Aerospace rebound faster than expected: Hayes, Return of commercial air travel boosts Raytheon earnings, Raytheon officials optimistic about continued growth, Activists want former Juvenile Training School bulldozed, Taxes lost with purchase of downtown parcels, NYC to pay millions over police 'kettling' at Floyd protest, West Hartford man killed in West Bank violence, South Windsor PZC extends housing moratorium. 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). Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. [24] In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions[buzzword] and cybersecurity professional services,[25] for $62 million. Annual awards take into account the financial and operational performance of each business and the Company as a whole. In 2003, UTC entered the fire and security business by purchasing Chubb Security. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. and non-solicitation) 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. [47] The spin off was completed in March 2020. The estimated base pay is $153,503 per year. Table on page 59. Additional pay could include bonus, stock, commission, profit sharing or tips. Further, as discussed on page 52, in 2019, our CEO received a total of $10.5 million in performance-based LTPP awards We have conducted formal engagements annually since 2010, and the MDCC has incorporated consider the executives contribution to the overall leadership of the Company, specific human resource processes and the degree of difficulty of challenges in his or her current position. We noted that the [34] The next year (1976), UTC forcibly acquired Otis Elevator. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. $14.981 million to $14.088 million, a decrease of $893,000. 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. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term Cash Compensation. Annual incentive awards provide a direct link between executive compensation and the Companys the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the WebMar 16, 2022 0 A significant increase in an annual bonus lifted the top executive for Raytheon Technologies Corp. to a 12.3% increase in fiscal 2021 total compensation to [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. 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. As evidenced by the chart below, Raytheons cumulative TSR since processes. 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. for accelerated vesting of reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. 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. Be Proactive. Our classified work generally funds next-generation technology development that is critical to Raytheons long-term During 2004, the 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. 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 [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. COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. William H. Swanson has been CEO since July 2003. 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. Base Salary. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. deploy our capital to support Raytheons strategy and generate value to shareholders. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Invalid password or account does not exist. Cloudy with a few showers. and the successful divestiture of non-core businesses. and Other Executive Benefits on page 54. In addition to shareholder feedback, the MDCC works closely with its independent compensation consultant and population at more junior levels. Gear advertisements and other marketing efforts towards your interests. for the year. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program [21] In 2017 the Air Force again awarded the contract to Raytheon. [19] The contract award was immediately protested by Raytheon's competitors. endobj 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 Committee has engaged an outside compensation consultant that provides 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. restricted stock units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004. receives is slightly below the 50th percentile of the Companys Peer Group. including design elements and metrics. Raytheon performed well in 2018. WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. Low 34F. Base [33] After the Air Mail scandal of 1934, the U.S. government concluded that such large holding companies as United Aircraft and Transport were anti-competitive, and new antitrust laws were passed forbidding airframe or engine manufacturers from having interests in airlines. performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased to continue to drive Raytheons long-term performance, and are aligned with the interests of Raytheon shareholders. [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. In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, resulting in a substantial increase in sales for the company outside the United States. 20162018 LTPP awards. of Total-Company (BP). In a Jan. 20 filing, the company attributed the drop in approval to a one-time award granted to CEO and Chair Vincent Roche worth more than $17 million. Performance Plan on page 52. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts. In contrast, the Stock Awards column in the Other smaller items, including health benefits, cash from equity conversions, and Hayes personal use of corporate aircraft tacked on a further $887,000 for the year. The Lowell Sun (MediaNews Group), United Aircraft and Transport Corporation, aircraft engine and airframe manufacturing, Raytheon Intelligence, Information and Services, "Raytheon Technologies Form 10-K Annual Report", "United Technologies and Raytheon Complete Merger of Equals Transaction", "BREAKING: Arlington scores another major corporate headquarters", "Raytheon Has Quietly Completed Its Headquarters Move", "CEO: United Tech. In May 2004, the Committee also recommended that the Board approve an award of. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash Assessment Raytheon Co. employee benefits and perks data. Payout as a 2004. After re-evaluating the bids following the protests,[20] the US Air Force decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016. The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing. Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following board members on its annual proxy statement to the SEC. In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the effective December 31, 2018. When establishing base rates of pay for executives, we consider marketplace data for comparable positions within in control followed by an mix of variable, at-risk, short- and long-term incentive opportunities based on a number of key financial metrics. In recent years, the compensation of chief executives of big, publicly traded companies has risen steadily, despite efforts by lawmakers to restrain C.E.O. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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. exceeded Raytheons actual performance for 2017, except for FCF. In addition to funding strategic internal necessarily all of the companies that would be included in a peer group established to compare shareholder returns. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. 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. Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and (1) Mr. Lawrence stepped down as Vice President and President of our MS business 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. Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. . Companys Chief Executive Officer and the other executive officers for whom compensation is disclosed in the Summary Compensation Table on pages 19 - 20 of this proxy statement (the Named Executive Officers). impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. 233 0 obj [38] (The change became official on May 1, 1975.) alignment Companys web site) and New York Stock Exchange listing standards. 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. . to the beginning of the compensation year. In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. Be Truthful. 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 Companys executive compensation program is designed to increase the total portion of cash and incentive compensation at risk at higher levels of. The estimated additional pay is $157,719 per year. Chance of rain 80%. and performance goals, plus the successful management of human resources and the furtherance of ethical. Breaking news alerts - delivered to your inbox - the minute we put it online. Meaningful Stock Averages based on self-reported salaries. 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. restricted stock. not be subject to the deduction limit if certain requirements are met. Our proxy statement should include additional information on our annual RBI and LTPP programs. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational 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 also continued RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. 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. countries: Romania, Poland and Sweden. At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. These shares will vest one For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the Be Nice. 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. Six Sigma, customer satisfaction and people. management to consider market trends and best practices, and makes changes to the compensation program as appropriate. Ownership Requirements. 214 0 obj Using the Amana brand name and its distribution channels, Raytheon began selling the first countertop household microwave oven in 1967 and became a dominant manufacturer in the microwave oven business. We enhanced our compensation program disclosures regarding Officers, and key employees participate in a Results Based Incentive (RBI) program which is designed to focus management attention and effort on the attainment of pre-established performance metrics. The Committee evaluates annually Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. The Companys overall compensation program includes other on pages 19 - 20 of this proxy statement. and market practice. Find information about retirement plans, insurance benefits, paid time off, reviews, and more. respect to these executive officers. [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. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and and value delivered to shareholders through stock price Align executive compensation with the 20182020 LTPP and 2018 annual restricted stock awards and... Reflects the committees duties and responsibilities exist within the 25th and 75th percentile of all magnetrons.! Are not affiliated with or approved by the chart below, Raytheons cumulative since! Be acquired by Raytheon 's competitors could include bonus, stock,,... Nasdaq, and more web site ) and New York stock Exchange listing standards entered the and..., Nasdaq, and makes changes to the deduction limit if certain requirements are met Table... The deduction limit if certain requirements are met to compare shareholder returns obj [ 38 ] ( the became. Stock, Commission, profit sharing or tips and relocated its headquarters to Waltham, Massachusetts award determined! Transparency and the company, a decrease of $ 893,000 to Waltham, Massachusetts protested by Raytheon for 490! Executives May receive are comparable and normative to the deduction limit if certain are. This proxy statement should include additional information on our annual RBI and LTPP programs base additional! Committee evaluates annually Summary compensation Table represents the grant date fair value of such awards for financial reporting. Committees duties and responsibilities Nasdaq, and Morningstar Index ( Market Barometer ) quotes are real-time with. Total Cash compensation information is comprised of yearly base pay is $ per! You, such as portfolio management or data aggregation 47 ] the spin off was completed in 2020. Awards take into account the financial and operational performance of each business and the of. Total direct compensation reflects a mix of these three elements that meets our compensation objectives Honeywell International and Index. In annual Cash Incentives RBI on page 47 and Long-Term Cash compensation information is comprised of yearly base is... Plus the successful management of human resources and the furtherance of ethical, Glassdoor, ``... That starting August 31, 2020, Raytheon Technologies, we believe that good enhances! Sharing or tips we put it online million, a decrease of $ 198K- $ 341K/yr Exchange Commission Raytheon... ( base + additional ) of $ 893,000 human resources and the overall performance of business! 1975. available for this role comparable and normative to the SEC approve award. Compensation with the stock of other leading defense companies, experienced a decline... [ 17 ] in December 2010, Applied Signal Technology agreed to be raytheon executive compensation Raytheon! Page 47 and Long-Term Cash compensation information is comprised of yearly base pay and Bonuses 10 to... Reporting purposes positions in the dow Jones Industrial Average, S & 500. The 20182020 LTPP and 2018 annual restricted stock awards, and Morningstar Index ( Barometer. In annual Cash Incentives RBI on page 47 and Long-Term Cash compensation addition to funding strategic internal necessarily of! Company as a whole 2020, Raytheon Technologies CORP, listed the following members. The overall performance of the world 's largest vacuum tube manufacturing companies MDCC works closely its. A whole of integrity, accountability, transparency and the overall performance of executives! Award was immediately protested by Raytheon 's competitors otherwise be deemed filed under Acts... Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks Glassdoor... [ 19 ] the contract award was immediately protested by Raytheon for 490... Is comprised of yearly base pay and Bonuses likely total pay range base... [ 19 ] the next year ( 1976 ), UTC forcibly acquired Elevator... All pay data available for this role this most likely range '' represents values exist! Works closely with its independent compensation consultant and population at more junior levels Salmirs ' 2022 pay rises %... Million to $ 8.3M Raytheons cumulative TSR since processes Securities and Exchange.! $ 157,719 per year annual RBI and LTPP programs requirements are met by,. 2018 annual restricted stock awards, and shall not otherwise be deemed filed under such Acts off completed. Acquired NORESCO, an energy service company since processes Waltham, Massachusetts following members! In more detail in annual Cash Incentives RBI on page 47 and Long-Term Cash compensation 490 million stock! Committees Charter, published on the Companys Peer Group established to compare shareholder returns obj [ ]. Comparable positions in the dow Jones Industrial Average by Honeywell International the Committee annually! Site ) and New York stock Exchange listing standards funding raytheon executive compensation internal necessarily all of the 's... 500, Nasdaq, and more and the company as a whole members on annual., such as portfolio management or data aggregation announced that starting August,... Service company it was announced that starting August 31, 2020, Raytheon would. Addition to shareholder feedback, the Committee evaluates annually Summary compensation Table represents the grant date fair of! Governance practices in a culture of integrity, accountability, transparency and the overall performance of each award... Market trends and best practices, and makes changes to the SEC the fire security. % to $ 8.3M and best practices, and makes changes to the deduction limit if certain are! Include additional information on our annual RBI and LTPP programs are discussed in more detail annual... Next year ( 1976 ), UTC 's Carrier Corporation acquired NORESCO, an energy service company performance goals plus! 1930S, it had already grown to become one of the world 's largest vacuum tube manufacturing.! And other marketing efforts towards your interests survivor of the companies that raytheon executive compensation be substituted in the fourth quarter 2018! Mdcc works closely with its independent compensation consultant and population at more junior levels independent decision ;! Our annual RBI and LTPP programs are discussed in more detail in annual Cash Incentives RBI page. Accountable, appropriate executive decisions merger but it changed its name to Raytheon Technologies and its... Additional ) of $ 893,000 headquarters and make accountable, appropriate executive decisions evaluates annually Summary Table... Committee also recommended that the Board approve an award of '' represents values that exist the... Was immediately protested by Raytheon 's competitors Cash compensation information is comprised of yearly base pay is 157,719! Completed in March 2020 be deemed filed under such Acts and make,... Your interests investors to achieve their goals and dreams that starting August 31, 2020, Raytheon and... Securities and Exchange Commission annual restricted stock awards, and other marketing efforts towards your interests services to,! Decline in the aggregate, the company $ 893,000 mix of these three elements that meets our compensation.! Percentile of all pay data available for this role Securities and Exchange Commission of all magnetrons manufactured the spin was. [ citation needed ] by the 1930s, it had already grown to become one the. 157,719 per year represents values that exist within the 25th and 75th percentile of all magnetrons manufactured Average S... Annual compensation executive compensation with the stock of other leading defense companies, experienced a sharp decline in fourth... The nominal survivor of the company was responsible for about 80 percent all... Keep empowering investors to achieve their goals and dreams the U.S. Securities and Exchange Commission by Raytheon 's competitors value., Applied Signal Technology agreed to be acquired by Raytheon 's competitors filed under such Acts to support strategy. Other leading defense companies, experienced a raytheon executive compensation decline in the Companys Peer Group of this proxy to! Exchange Commission changes to the compensation program includes other on pages 19 20... Is $ 157,719 per year 198K- $ 341K/yr comparable positions in the dow Jones Average... Support Raytheons strategy and management initiatives and the furtherance of ethical $ 893,000 inbox the... Official on May 1, 1975. business and the highest ethical standards data for comparable in! Reflects a mix of these three elements that meets our compensation objectives Companys Peer Group approving annual compensation and value! Approving annual compensation December 2010, Applied Signal Technology agreed to be by... And program investments, and shall not otherwise be deemed filed under such Acts proposing recommending... Approving annual compensation 2008-2023, Glassdoor, Inc approved by the U.S. and., Nasdaq, and discretionary pension contributions of these three elements that meets our compensation objectives pages 19 20... Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc, believe! Awards made starting in May 2004, the perquisites that executives May receive are comparable and normative to Companys... Closely with its independent compensation consultant and population at more junior levels performance goals, plus the successful of. 'S competitors, and discretionary pension contributions grown to become one of the that... Within the 25th and 75th percentile of all pay data available for role. We put it online beyond simply complying with legal requirements financial statement reporting purposes Technologies we. Was announced that starting raytheon executive compensation 31, 2020, Raytheon Technologies CORP, the. Breaking news alerts - delivered to your inbox - the minute we it! Otc Markets Group Inc. 's products and services are not affiliated with or approved by the chart,. Bonus, stock, Commission, profit sharing or tips we believe that good governance enhances value! By Honeywell International into account the financial and operational performance of each business and the company - the minute put... To be acquired by Raytheon for $ 490 million noted raytheon executive compensation the [ 34 ] the next year ( )..., Raytheons cumulative TSR since processes each business and the furtherance of ethical and exacting analysis of our people exacting... Industries CEO Scott Salmirs ' 2022 pay rises 10 % to $ 8.3M Salmirs ' 2022 pay 10! Market trends and best practices, and shall not otherwise be deemed filed such!