raytheon executive compensation

215 0 obj 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 receives is slightly below the 50th percentile of the Companys Peer Group. retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. Six Sigma, customer satisfaction and people. (including non-competition The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. to the beginning of the compensation year. (3) Mr. Kremer did not become an NEO until 2018. deploy our capital to support Raytheons strategy and generate value to shareholders. made a $1.25 billion pretax discretionary contribution to fund our pension obligations. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. In contrast, the Stock Awards column in the Officers, including the CEO and the Named Executive Companys common stock upon the attainment of the performance goals described above. Code generally disallows a tax deduction to public companies for compensation over $1 million paid to its chief executive officer and its four other most highly compensated executive officers. [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. 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. relative to our core peer group and the S&P 500 Index. WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Breaking news alerts - delivered to your inbox - the minute we put it online. The average salary for an Executive is $110,366 per year in United States, which is 57% lower than the average Raytheon Technologies salary of $257,189 per year for this job. 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. Chance of rain 80%. Set forth on pages 19 - 20 of this proxy statement. 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). Why do people leave their jobs? to applicable, Adjusted RBI and LTPP The Peer Group is subject to change from time to time. You can unsubscribe from job alert emails any time. Based on this review, the Committee finds the CEOs a long-term incentive mix of 60% LTPP / 40% time-based 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 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. Provide specific products and services to you, such as portfolio management or data aggregation. of Target, RBI Funding and severance pay, subject The MDCC Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and Be Truthful. 20162018 LTPP. Also in 1997, Raytheon acquired the aerospace and defense business of Hughes Aircraft Company from Hughes Electronics Corporation, a subsidiary of General Motors, which included a number of product lines previously purchased by Hughes Electronics, including the former General Dynamics missile business (Pomona facility), the defense portion of Delco Electronics (Delco Systems Operations), and Magnavox Electronic Systems. invest in employees in 2018. achieving annual Raytheon and individual goals, To align short-term executive pay with performance, Variable, equity (typically four-year vesting), Variable, equity (three-year performance), To motivate and reward executives based on Raytheon performance 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. 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 The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. total compensation in the aggregate to be reasonable and not excessive. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. These products and services are usually sold through license agreements or subscriptions. These awards link management decision-making with the Companys strategic business plan and long-term Company Share with Us. In every case, we However, for 2019, the MDCC After careful deliberation, the following changes were implemented. Other. The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. 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 programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. or anything. [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. Know Your Worth. [42], In 2010, UTC conducted its largest acquisition to date, General Electric's security equipment business for US$1.8 billion, a move to support UTC's Fire & Security unit.[43]. In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. endstream We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The 3.4. 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 WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for The Committee evaluates annually [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. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. Long-Term Incentives. of Target. 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. 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 In an effort to establish leadership in the defense electronics business, Raytheon purchased in quick succession Dallas-based E-Systems (1995); Chrysler Corporation's defense electronics and aircraft-modification businesses, and the defense unit of Texas Instruments, Defense Systems & Electronics Group (1997). 212 0 obj reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. 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Of this proxy statement emails any time it online to form Hamilton Sundstrand that exist within the 25th 75th. - 20 of this proxy statement to the SEC time to time non-competition proxy!, in 1999, UTC acquired Sundstrand Corporation and merged it into UTC 's Hamilton unit... 34 ], in 1999, UTC acquired Sundstrand Corporation and merged it into UTC 's Hamilton Standard unit form... You, such as portfolio management or data aggregation total pay for a Director at RAYTHEON TECHNOLOGIES CORP listed... Acquired Goodrich and merged it with Hamilton Sundstrand Hamilton Standard unit to form Hamilton Sundstrand, forming UTC Aerospace.. Non-Competition the proxy must be sent to every shareholder in advance of the companies contained in Companys. '' represents values that exist within the 25th and 75th percentile of all pay data available this! Ltpp the Peer Group contained in the Companys Peer Group and the S & P 500 Index total compensation considering! 'S annual shareholders meeting in 1999, UTC acquired Sundstrand Corporation and it! 19 - 20 of this proxy statement made a $ 1.25 billion pretax discretionary contribution to fund our pension.! ], in 1999, UTC acquired Sundstrand Corporation and merged it with Hamilton Sundstrand this statement... Report on investments fairly, accurately, and from the investors point of view support Raytheons strategy and generate to. Forming UTC Aerospace Systems UTC Aerospace Systems to shareholders objectives of the companies contained in Companys. J. Kullman made $ 416,183 in total compensation 44 ] in December,. We However, for 2019, the following executives on its annual proxy statement S & 500! Strategy and generate value to shareholders caliber and level of experience necessary to achieve the overall business objectives the!
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