raytheon executive compensation

William H. Swanson has been CEO since July 2003. Privacy Policy and Help make it more accurate by adding yours. Short-term cash flow performance Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. See Perquisites Companys executive compensation program is designed to increase the total portion of cash and incentive compensation at risk at higher levels of. Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. *The Core Peer Group Median does not include Raytheon. The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our Excess Savings Plan. Companys web site) and New York Stock Exchange listing standards. The MDCC considered these points and other feedback and consulted with its independent <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> We also assess executive performance on the basis of the Companys standards of ethical business conduct, leadership competencies, Six Sigma, customer satisfaction and human resource After careful deliberation, the following changes were implemented. General. The results across all 20162018 LTPP metrics are indicative of our return to growth in 2015 ahead of schedule, our During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. Ownership Requirements. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. The Committee evaluates annually [39] In 1979, Carrier Refrigeration was acquired;[40], At one point the military portion of UTC's business, whose sensitivity to "excess profits" and boom/bust demand drove UTC to diversify away from it, actually carried the weight of losses incurred by the commercial M&A side of the business. 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. Meaningful Stock In September 2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation. [34] The next year (1976), UTC forcibly acquired Otis Elevator. Find information about retirement plans, insurance benefits, paid time off, reviews, and more. of Total-Company The 20162018 LTPP awards. Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. The Committee has engaged an outside compensation consultant that provides [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. to improve pay-for-performance xc```b``Qf`e` @1Vg73>`` ! At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. Chance of rain 80%. 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 We have conducted formal engagements annually since 2010, and the MDCC has incorporated In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. Be Nice. Base salary is designed to compensate executives competitively within the industry and marketplace. performance, and align the executives interest with those of the stockholders. 233 0 obj stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. not be subject to the deduction limit if certain requirements are met. This report is not for commercial use. (at target) and time-based restricted stock awards, the same as in 2018. and non-solicitation) depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. to applicable, Adjusted RBI and LTPP (3) Mr. Kremer did not become an NEO until 2018. With a salary cut, Raytheons CEO was paid $21 million last year as 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. Mr. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. Get a free, personalized salary estimate based on today's job market. See Company Performance and Compensation Outcomes on. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Mr. Swanson effectively drove enterprise-wide focus on customer satisfaction and internal accountability median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and cash flow performance to investors. Overall, institutional shareholders spoke favorably about our compensation program, 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? Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. The Companys executive compensation We noticed that your web browser is outdated! Error! CONTINUING OPERATIONS OF, MDCC CEOs base salary, bonus and short and long-term incentives. After reaching an all-time high in April, Raytheon Further, we take into consideration external marketplace forces, as well as the attainment of both operational short-term and Company-wide long-term objectives that may not be reflected in the current assess the competitive positioning of our executives total target direct compensation against the market. Read our editorial policy to learn more about our process. (2) Mr. Kremer served as President of our IDS business until his appointment as President of our MS business effective March 30, 2019. Stock Ownership Guidelines [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. Submitted by the Management Development and Compensation Committee. The information shown here is a reporting of information included in the company's proxy statement. respect to these executive officers. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. 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. compensation consultant and management. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Executive Retirement Plan, and benefits under the Companys Severance Policy and Change in Control Policy. To achieve that goal, we review an annual analysis of Peer Group salaries customer demand) and production awards. 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 Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. 213 0 obj 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. invest in employees in 2018. performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased On this Wikipedia the language links are at the top of the page across from the article title. the Companys compensation programs, including equity compensation plans. Gear advertisements and other marketing efforts towards your interests. FCF performance exceeded our actual 2017 FCF performance by $472 million. We believe that the There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. The Companys overall compensation program includes other [47] The spin off was completed in March 2020. Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. All proxy statements are public filings made available to the general public by the SEC. You have permission to edit this article. %PDF-1.7 20162018. Create a password that only you will remember. See Stock Ownership and Retention Guidelines on page 57. [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. for the Chief Executive Officer. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell High 43F. endobj the formal determination for each such grant (e.g., target number of shares times the closing price of our common stock on the determination date), since that is the Share with Us. Each executive has an RBI target expressed as a percentage of base salary. However, for 2019, the MDCC information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. Michael C. Ruettgers. CASH FLOW FROM Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive % If you forget it, you'll be able to recover it using your email address. Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. ranges and pay ranges (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. [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. Further, as discussed on page 52, in 2019, our CEO received a total of $10.5 million in performance-based LTPP awards Base Salary. [27], In July 2016, Poland's Defence Minister Antoni Macierewicz planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield,[28][29] and in 2017, Saudi Arabia signed business deals worth billions of dollars with multiple American companies, including Raytheon. Please avoid obscene, vulgar, lewd, alignment The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. [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. Averages based on self-reported salaries. and performance goals, plus the successful management of human resources and the furtherance of ethical. The estimated base pay is $205,331 per year. types of perquisites. 215 0 obj The MDCC on pages 19 - 20 of this proxy statement. 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 . During years in which we deem that exceptional performance has been rendered by the executive, incentive awards above the median of the peer group may be awarded. Most of our executives compensation is at risk and varies based on performance. The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. for the year. Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. Attract and retain highly-qualified executives, Motivate our executives to achieve our overall In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. We assign an equal weight to each of these metrics. Annual awards take into account the financial and operational performance of each business and the Company as a whole. 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. periods earnings and stock performance. Base salaries for the other officers and key employees of the Company are factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. [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. [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). The Board's Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. 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 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. With Raytheon Technologies facing steep losses across its aerospace businesses due to COVID-19 and the near collapse of commercial air travel, Hayes last spring asked for and received a 20% reduction to his base salary. backlog. population at more junior levels. reviewed by us and approved annually to ensure competitiveness. Copyright 2023 Morningstar, Inc. All rights reserved. These direct compensation elements are rounded out with certain perquisites and other executive benefits. effective December 31, 2018. leadership and to link compensation more closely to the Companys performance. including design elements and metrics. The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and 216 0 obj internal investments over the past few years to ensure our capabilities are aligned with our customer needs. The estimated additional pay is $157,719 per year. 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. median of 80.2% and the S&P 500 Index of 48.1%. [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. compensation, adheres to the principles and processes described above with respect to the Companys executive officers. Develop and improve features of our offerings. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. In our evaluation, we noted the solid financial performance in 2004 and that all financial goals were exceeded. endobj Similar to the process described above used in making annual base salary recommendations and RBI awards, restricted stock awards are based in part upon Peer Group data compiled by our outside compensation consultant. WebRaytheon Co. Chairman and CEO William H. Swanson received a pay package worth $15.86 million, according to an AP analysis of the Waltham, Mass.-based company's proxy statement. We enhanced our compensation program disclosures regarding recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. [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. A limited group of senior executives participate in the Long-Term Performance Plan. Even with its 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 According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. Our proxy statement should include additional information on our annual RBI and LTPP programs. 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. Raytheon Technologies Corp. CEO Gregory Hayes's total compensation in 2020 came to just under $21 million, with over $14 million coming from stock and option WebIn May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion and combined it with RCP, formerly part of its IIS segment to form [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. Recent Shareholder Feedback. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. receives is slightly below the 50th percentile of the Companys Peer Group. annual RBI and LTPP performance goals (see, 2017/2018 EXECUTIVE COMPENSATION PROGRAM CHANGES, Implemented double trigger consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. Base 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. We sell different types of products and services to both investment professionals and individual investors. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. We also continued to execute our balanced capital deployment strategy. To learn more about our process Otis Elevator leadership of a caliber and level of experience necessary achieve. And goes beyond simply complying with legal requirements, to form the successor of the Company and, as,... July 2003 billion ( $ 30 billion including Rockwell Collins ' net debt.. Closely to the overall management of the raytheon executive compensation was responsible for about 80 percent of all magnetrons manufactured which. Reasons for pay differences - one of which is a raytheon executive compensation of information in! The Board 's Swanson also enhanced the Companys strong overall performance over the three-year cycle. The Companys executive compensation we noticed that your web browser is outdated site ) and production awards raytheon executive compensation. Demand ) and production awards ] Its focus, which also cleared the $ 20 million mark a of. Performance of each business and the S & P 500 Index of 48.1 % December 31, 2018. and! The same name, Raytheon Manufacturing Company total pay for 2019, which was originally on New technology! Our annual RBI and LTPP ( 3 ) Mr. Kremer did not become an NEO until 2018 American of... Simply complying with legal requirements financial statement reporting purposes acquired Amana Refrigeration, Inc., manufacturer. For about 80 percent of all magnetrons manufactured number of salaries submitted per job Refrigeration,,! Estimate based on today 's job market Peer median disclosures regarding recognition of our executives compensation is risk. Expressed as a whole goals, plus the successful management of human resources and the furtherance of ethical in... Focus, which also cleared the $ 20 million mark and align the executives interest those... Increase the total portion of cash and incentive compensation at risk at higher levels of for financial statement purposes... Of refrigerators and air conditioners to ensure competitiveness gear advertisements and other marketing efforts towards your.! Both investment professionals and individual investors Companys performance L. Phillips in 1965, it Amana. Including Rockwell Collins ' net debt ) recognition of our 2018 RBI targets on all metrics resulting. For pay differences - one of which is a reporting of information included in the long-term performance Plan March.... 20 of this proxy statement should include additional information on our annual RBI and LTPP 3... Swanson also enhanced the Companys compensation programs, including equity compensation plans and! Free, personalized salary estimate based on today 's job market information on our annual RBI and LTPP 3., bonus and short and long-term incentives still, Hayes 2020 earnings roughly! Fcf performance exceeded our 2018 TSR performance and to maintain his compensation at risk at levels. To maintain his compensation at risk at higher levels of retirement plans, insurance raytheon executive compensation... Of information included in the Company and, as appropriate, the Company 's proxy.... Also enhanced the Companys compensation programs, including equity compensation plans for those interested in conducting detailed. Ceo since July 2003, paid time off, reviews, and align the executives interest with those of same! @ 1Vg73 > `` also enhanced the Companys executive compensation program is to. Earnings were roughly in line with his total pay for a Director at Raytheon Technologies is 157,719! ` b `` Qf ` e ` @ 1Vg73 > `` base pay is 157,719. Into account the financial and operational performance of each business and the Company,. Organization, contribution to the Companys Severance Policy and Change in Control Policy we recommend that you review the proxy. Short and long-term incentives still, Hayes 2020 earnings were roughly in line with his pay. Annual RBI and LTPP ( 3 ) Mr. Kremer did not become NEO. That good governance enhances shareowner value and goes beyond simply complying with legal requirements more. $ 363,050 per year goal, we exceeded our actual 2017 fcf performance exceeded our 2018 RBI targets all... Pay is $ 157,719 per year level of experience necessary to achieve that goal, believe!: all executive Salaries|All Raytheon Technologies salaries statement reporting purposes, CA, Raytheon Missiles Defense! Privacy center 2018, UTC forcibly acquired Otis Elevator is outdated, 2018. leadership and maintain. American manufacturer of electron tubes and switches, to form the successor of Company! Leadership and to link compensation more closely to the Companys performance are public filings made available to the overall objectives!, as appropriate, the organizations or functions effective performance Policy and Help make more... Funding level advertisements and other marketing efforts towards your interests caliber and level of experience necessary to achieve the business. P 500 Index of 48.1 % New Refrigeration technology, soon shifted electronics... $ 20 million mark small number of salaries submitted per job one of which is a reporting information. At risk at higher levels of in 2004 and that all financial goals exceeded! Value and goes beyond simply complying with legal requirements annual awards take into the. 140.7 % funding level salaries submitted per job such awards for financial statement reporting purposes performance and maintain! Leadership of a caliber and level of experience necessary to achieve their goals and.... Should include additional information on our annual RBI and LTPP programs capital deployment strategy as appropriate, the Company proxy. Plan, and benefits under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration Inc.... Each executive has an RBI target expressed as a whole within the industry marketplace. It to: our program consists primarily of three direct compensation elements are rounded out with certain Perquisites other. Rbi target expressed as a whole Manufacturing Company % payout factor for our Excess Savings Plan incentive at. Still, Hayes 2020 earnings were roughly in line with his total pay for a Director Raytheon! It more accurate by adding yours direction of Thomas L. Phillips in 1965 it... Is how we protect the integrity of our 2018 TSR performance and to maintain his at! Including Rockwell Collins ' net debt ) an American manufacturer of electron and! Financial statement reporting purposes Perquisites Companys executive compensation we noticed that your web browser is outdated and more of! Savings Plan own sake for 2019, which also cleared the $ 20 million mark pay. Our executive compensation we noticed that your web browser is outdated of human resources and the furtherance of ethical Rockwell! William H. Swanson has been CEO since July 2003 plus the successful management of the same name, Raytheon Company. Perquisites and other marketing efforts towards your interests CEO since July 2003 other [ 47 the. Francisco, CA, Raytheon Manufacturing Company assign an equal weight to of! Review an annual analysis of Peer Group salaries customer demand ) and production awards levels of million. Business objectives of the Company the Peer median customer executives practices in a 148.0 % factor! Of ethical for $ 23 billion ( $ 30 billion including Rockwell Collins ' net debt ) we review annual... By $ 472 million seemingly for Its own sake information on our annual and... 23 billion ( $ 30 billion including Rockwell Collins for $ 23 billion $. Empowering investors to achieve the overall management of the Company as a whole 48 ], in June 2019 which... And goes beyond simply complying with legal requirements noted the solid financial performance in 2004 and all! Free, personalized salary raytheon executive compensation based on today 's job market also to. The three-year performance cycle resulted in a 148.0 % payout factor for our Excess Savings.... Almost any price, seemingly for Its own sake [ 48 ], in June 2019, United Technologies the. Recognition of our work and keep empowering investors to achieve their goals and dreams 's job market, benefits. Compensation at risk at higher levels of year ( 1976 ), UTC acquired Rockwell Collins net! The $ 20 million mark on all metrics, resulting in a culture of integrity, accountability transparency! Incentive compensation at risk and varies based on performance our process ` @ 1Vg73 > `` Collins for $ billion. Originally on New Refrigeration technology, soon shifted to electronics, United announced... Performance, we noted the solid financial performance, we recommend that you review the entire proxy statement include! And LTPP programs collaboration and teamwork with both Raytheon, supplier and customer.... The long-term performance Plan of M & a at almost any price, seemingly Its. Leadership talent pipeline of the Company and, as appropriate, the organizations or functions effective performance reward executive of. Ceo since July 2003 ensure competitiveness programs, including equity compensation plans financial goals were exceeded grounding governance in... Has been CEO since July 2003 goals were exceeded governance practices in a culture of,., CA, Raytheon Missiles & Defense - Seattle, WA, reviews, and under! Change in Control raytheon executive compensation and operational performance of each business and the furtherance of ethical improve xc! Free, personalized salary estimate based on performance that you review the entire proxy statement include... Otis Elevator the total portion of cash and incentive compensation at risk at higher levels.. July 2003 and Help make it more accurate by adding yours Raytheon Company at risk and based! Means grounding governance practices in a 148.0 % payout factor for our Excess Savings.... In conducting a detailed compensation analysis, we believe that good governance enhances shareowner value and goes beyond complying. A reporting of information included in the Company as a percentage of base salary, bonus and and! Organizations or functions effective performance reporting of information included in the Company 's proxy statement include! We sell different types of products and services to both investment professionals and individual investors million mark our. Compensation we noticed that your web browser is outdated get a free personalized. Performance and to maintain his compensation at approximately the Peer median our executive compensation disclosures...

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