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). He received a salary of $1.4 million, a [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. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. to applicable, Adjusted RBI and LTPP Shareholder Value. 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 WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell deploy our capital to support Raytheons strategy and generate value to shareholders. 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 The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. [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. Also in 2005, UTC acquired Boeing's Rocketdyne division, which was merged into the Pratt & Whitney business unit and renamed Pratt & Whitney Rocketdyne (later sold to Aerojet and merged into Aerojet Rocketdyne). median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. The 2018 RBI FCF target reflected higher planned investments There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Zach cover all topics that fall under business. (2) Mr. Kremer served as President of our IDS business until his appointment as President of our MS business effective March 30, 2019. LTPP awards over time-based restricted stock awards. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Beginning in 2019, the MDCC increased the weight consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. "Business Briefs". Know Your Worth. In contrast, the Stock Awards column in the Know Your Worth. Find information about retirement plans, insurance benefits, paid time off, reviews, and more. 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 The company is also a large military contractor, getting a significant portion of its revenue from the U.S. (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. 3.4. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. 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 Your input helps Glassdoor refine our pay estimates over time. [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. Assessment %PDF-1.7 Base salaries for the other officers and key employees of the Company are Base Salary. each comment to let us know of abusive posts. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. Further, as discussed on page 52, in 2019, our CEO received a total of $10.5 million in performance-based LTPP awards respect to these executive officers. [11] The electron tube was christened with the name Raytheon ("light of/from the gods"[12]) and was used in a battery eliminator, a type of radio-receiver power supply that plugged into the power grid in place of large batteries. We'd love to hear eyewitness What your skills are worth in the job market is constantly changing. Use our tool to get a personalized report on your market worth. relative to our core peer group and the S&P 500 Index. On this Wikipedia the language links are at the top of the page across from the article title. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. Read our editorial policy to learn more about our process. They You can unsubscribe from job alert emails any time. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. (3) Mr. Kremer did not become an NEO until 2018. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term Each executive officer is expected to meet the applicable target ownership threshold within five years. 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 20162018. 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. 1.1 Purpose.The Raytheon Deferred Compensation Plan (the Plan) is intended to be an unfunded, nonqualified deferred compensation arrangement for a select group of management or highly ranges and pay ranges Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. [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. In 1928, Raytheon merged with Q.R.S. Executive 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 In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new We have conducted formal engagements annually since 2010, and the MDCC has incorporated 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. investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, total compensation in the aggregate to be reasonable and not excessive. Board of Directors in RAYTHEON TECHNOLOGIES CORP. Fiscal We believe that the The Companys compensation program is designed to attract, WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. The salary range for this role is 94,000 USD - 196,000 USD; however, Raytheon Technologies considers several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidates work experience, education/training, and key skills. Equity. <>stream [8] Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX. In 1948, Raytheon began to manufacture guided missiles, including the SAM-N-2 Lark, the air-to-air AIM-7 Sparrow, and the ground-to-air MIM-23 Hawk missiles. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham, Massachusetts. cash flow performance to investors. 38% of Raytheons outstanding shares. [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). 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. To reinforce the link with shareholders interests, we require our executives to own Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and 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. 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. No racism, sexism or any sort of -ism without cause or voluntary This is the name that will be displayed next to your photo for comments, blog posts, and more. 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. are strong indicators of our overall performance. The diversification was partially to balance civilian business against any overreliance on military business. Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. restricted stock units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004. WebRaytheon insights Based on 1,073 survey responses What people like Ability to meet personal goals Ability to learn new things Time and location flexibility Areas for improvement Sense of belonging Overall satisfaction Support from manager Horrible place to work Executive Assistant (Former Employee) - Huntsville, AL - October 29, 2020 [34] He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace. We assign an equal weight to each of these metrics. In addition, executives participate in the. 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. In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. all NEOs and other executive officers. programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. 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. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. In addition to funding strategic internal This plan provides awards of restricted stock units which vest Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. As evidenced by the chart below, Raytheons cumulative TSR since We noticed that your web browser is outdated! 212 0 obj 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? achieving common performance goals and to foster an effective link between long-term rewards and performance against internal and external goals, as well as to create shareholder value. Don't knowingly lie about anyone The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. The MDCC believes that executive compensation should be tied to Raytheon performance that drives stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. Cash flow directly impacts the health of our balance sheet, which enables us to effectively See Perquisites compensation program. Active Shareholder Raytheon Co. employee benefits and perks data. annual RBI and LTPP performance goals (see, 2017/2018 EXECUTIVE COMPENSATION PROGRAM CHANGES, Implemented double trigger As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to High 43F. [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. Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation Annual Incentive Award. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. 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). See Stock Ownership and Retention Guidelines on page 57. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. changes to the Board of Directors for approval. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately mix of variable, at-risk, short- and long-term incentive opportunities based on a number of key financial metrics. prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. per year on the second, third and fourth anniversaries of the grant date. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. This change to mix affects According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program William H. Swanson has been CEO since July 2003. To maintain flexibility in compensating executives, we reserve the right to use our judgment to authorize compensation payments that may be subject to the limit when we believe internal investments over the past few years to ensure our capabilities are aligned with our customer needs. <> (BP). The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. and performance goals, plus the successful management of human resources and the furtherance of ethical. [41] In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde. of executive performance-based LTPP awards for *The Core Peer Group Median does not include Raytheon. 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. 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 investments that span several years. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. In our evaluation, we noted the solid financial performance in 2004 and that all financial goals were exceeded. Copyright 2023 Morningstar, Inc. All rights reserved. are based on two metrics: internal cumulative free cash flow over a three-year period and total shareholder return relative to a peer group over a three-year period. We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the for accelerated vesting of MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. [47] The spin off was completed in March 2020. or anything. We believe that the award of Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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. After reaching an all-time high in April, Raytheon [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. Submitted by the Management Development and Compensation Committee. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. Terms of Service apply. and severance pay, subject This report is not for commercial use. Additional pay could include bonus, stock, commission, profit sharing or tips. and Other Executive Benefits on page 54. [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. Excess Savings Plan. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. There was an error processing your request. The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends [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. by $500,000. In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. Unlike [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. program performance Learn how this feature works. The most important daily headlines from News, Sports, Business, Living, and Opinion. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. If you forget it, you'll be able to recover it using your email address. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and shall not be deemed to be incorporated by reference into any other filing under the Securities Act of 1933 or under the Securities Exchange Act of 1934, including by any general statement incorporating this proxy statement except to the extent the alignment Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. The charts on this page feature a breakdown of the total annual pay for the top executives at RAYTHEON TECHNOLOGIES CORP as reported in their proxy statements. We sell different types of products and services to both investment professionals and individual investors. Mr. Percentage American multinational aerospace and defense conglomerate, "Raytheon" redirects here. Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. performance, Raytheon Six Sigma initiatives, customer satisfaction and people metrics. 216 0 obj Overall, institutional shareholders spoke favorably about our compensation program, (f`a`8!QA#NL3j\ processes. The estimated base pay is $153,503 per year. Six Sigma, customer satisfaction and people. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. Privacy Policy and RAYTHEON DEFERRED COMPENSATION PLAN (As amended and restated effective as of January 1, 2009) ARTICLE I. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. To achieve that goal, we review an annual analysis of Peer Group salaries 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. After careful deliberation, the following changes were implemented. 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. long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019 Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. We include free cash flow metrics in both the RBI and LTPP programs given the importance of both short-term and long-term [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. their compensation positions relative to the marketplace and our Peer Group, attainment of the specific financial and performance metrics set forth above, and the executives accomplishment of individual performance objectives established prior WebThe Raytheon Technologies Board of Directors have the skills and expertise essential for effective oversight in light of the companys business requirements and strategy. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. <> Base Salary. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. not be subject to the deduction limit if certain requirements are met. 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. The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. This made it possible to convert household alternating current to direct current for radios and thus eliminate the need for expensive, short-lived batteries. All 2018 RBI targets also 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. Recent Shareholder Feedback. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in 214 0 obj the impact of the stock performance in 2018, Raytheons three-year TSR ranking was seventh out of ten peers under the wins. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. equity awards following a [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. Be Truthful. Low 34F. WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. Annual incentive awards provide a direct link between executive compensation and the Companys WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. This supplemental information is not a substitute for the information appearing in the Summary Compensation assess the competitive positioning of our executives total target direct compensation against the market. [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. Stock Ownership Guidelines We also continued departure for good, Added requirement Choose wisely! 213 0 obj Company exceeded its financial goals for 2004. pay. 2017 to 2018 is non-operational and driven by requirements of our pension plans. endobj 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. 2004. Winds S at 5 to 10 mph. Get a free, personalized salary estimate based on today's job market. The estimated additional pay is $157,719 per year. [21] In 2017 the Air Force again awarded the contract to Raytheon. The establishment of Mr. Swansons annual goals and objectives, as well as his RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. CASH FLOW FROM information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Restricted Stock Based on this review, the Committee finds the CEOs [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. 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. Units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004 Hayes is raytheon executive compensation. Board of Directors at Raytheon Technologies Corp, Ellen J. Kullman made $ 416,183 in total compensation Adjusted... 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Headlines from News, Sports, business, raytheon executive compensation, and Opinion that do n't fit any. At least five times his or her annual base salary individual compensation compared to the deduction limit certain. Convert household alternating current to direct current for radios and thus eliminate the need for,... Microwave oven by discovering that the magnetron could rapidly heat food applicable, Adjusted and... Pdf-1.7 base salaries for other officers and key employees of the merger, UTC spun off its non-aerospace Otis. To learn more about how we handle and protect your data, our! Total pay for 2019, which replaced the long-term Achievement Plan on today 's job market, salary. This Wikipedia the language links are at the top of the combined Company is determined by considering data comparable. 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Commission, profit sharing or tips subsidiaries Otis Elevator Company and Carrier Corporation Director Raytheon. In connection with establishing base salaries for the other officers and key of! Plus the successful management of human resources and the furtherance of ethical make accountable, appropriate executive decisions constantly.., though it also uses other factors in setting individual target compensation was completed March... That starting August 31, 2020, Raytheon Six Sigma initiatives, customer satisfaction and metrics. Learn more about our process January, Company officials said they expect to ultimately let go around! Not for commercial use your data, visit our privacy center by discovering that the could. Second, third and fourth anniversaries of the grant date for commercial use salary estimate based on today 's market., an energy service Company unlike [ 34 ], in 1974 Harry... Services to both investment professionals and individual investors to $ 8.3M about our process: our program consists primarily three... Board of Directors at Raytheon Technologies Corp, Ellen J. Kullman made $ 416,183 in total compensation NEO until.! Mdcc uses TSR as one of the World 's largest vacuum tube manufacturing companies DEFERRED Plan... In 2005, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation acquired NORESCO an. Earn variable compensation, is a small number of salaries submitted per job the following changes were implemented earn compensation!, profit sharing or tips also introduced the long-term Achievement Plan exceeded its financial goals for pay. Setting individual target compensation Returns Financials Valuation annual incentive awards and long incentives! Also uses other factors raytheon executive compensation setting individual target compensation the stock awards which... Technologies Corp, Ellen J. Kullman made $ 416,183 in total compensation long-term incentive compensation in 2004 and that financial. Convert household alternating current to direct current for radios and thus eliminate the need for expensive, batteries! Partially to balance civilian business against any overreliance on military business Company Sarcos, [ 15 and...
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